KYC

Know Your Customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship.

Source: en.wikipedia.org

CashFlows Launches BIN Sponsorship Service
CashFlows Launches BIN Sponsorship Service
July 05, 2018  |  B2B Payments

CashFlows said this week (July 3) that it has launched a product designed to make it easier for smaller firms to issue prepaid cards and...

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Blockchain Inches Slowly Out Of Pilot Phase
Blockchain Inches Slowly Out Of Pilot Phase
July 05, 2018  |  B2B Payments

It seems that blockchain may never leave the lab and enter the real world. And, indeed, this week’s Blockchain Tracker continues its coverage of ongoing...

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Banks Test KYC App Based On R3’s Blockchain Platform
Banks Test KYC App Based On R3’s Blockchain Platform
June 29, 2018  |  Blockchain

Through a four-day test of a know-your-customer (KYC) compliance system, a group of 39 participants were able to make 300 transactions in 19 countries with...

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 In Asia, Finance Trade Groups Advocate For FinTech In Regulatory Efforts
 In Asia, Finance Trade Groups Advocate For FinTech In Regulatory Efforts
June 18, 2018  |  Bank Regulation

Financial firms have their work cut out for them when battling the bad guys, trying ensure that funds go where they need to go, and...

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Trulioo Partners With Acuant To Enhance Online Identity Verification
Trulioo Partners With Acuant To Enhance Online Identity Verification
June 12, 2018  |  Fraud Prevention

Trulioo, the global identity and business verification provider announced Tuesday (June 12) that it has partnered with Acuant, a global provider of data capture and...

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Money Laundering In The Crosshairs In Asia
Money Laundering In The Crosshairs In Asia
June 11, 2018  |  Regulation

Change across the regulatory compliance landscape is de rigueur, and global in scope. Crime, too, is global in scope, as fraudsters seek to perfect new end...

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Asian Banks Want Regulators To Allow More FinTech Solutions
Asian Banks Want Regulators To Allow More FinTech Solutions
June 07, 2018  |  Bank Regulation

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money...

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How To Make KYC Dynamic And Across Silos
How To Make KYC Dynamic And Across Silos
June 06, 2018  |  Digital Banking

FIs have to grapple with finTech upstarts, KYC mandates and eliminating “false positive” transactions, along with friction for the consumer. Breaking down silos within an...

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Nordic Banks Collaborate To Improve AML, KYC
Nordic Banks Collaborate To Improve AML, KYC
June 01, 2018  |  International

Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. Get the Full Story Complete the form...

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