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

Framing The FinTech Build Vs. Buy Debate

Framing The FinTech Build Vs. Buy Debate
Framing The FinTech Build Vs. Buy Debate
August 14, 2018  |  Regulation

Build vs. buy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Swiss Startup Liquineq Transfers Money Via The Blockchain
Swiss Startup Liquineq Transfers Money Via The Blockchain
August 08, 2018  |  Blockchain

Swiss startup Liquineq believes it can disrupt banking by safely and securely processing transactions within seconds using blockchain. Get the Full Story Complete the form...

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FitPay Rolls Out Bitcoin ‘Flip’ Device Amid Ubiquity Of Contactless
FitPay Rolls Out Bitcoin ‘Flip’ Device Amid Ubiquity Of Contactless
July 27, 2018  |  Cryptocurrency

FitPay, the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own...

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Trulioo Offers Instant Identity Verification In The Philippines
Trulioo Offers Instant Identity Verification In The Philippines
July 24, 2018  |  Security & Fraud

Trulioo, the global identity verification company, announced Tuesday (July 24) that it started offering instant ID verification for consumers in the Philippines. In a press...

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Barclays Eyes Blockchain For Fund Transfers, KYC
Barclays Eyes Blockchain For Fund Transfers, KYC
July 20, 2018  |  B2B Payments

Barclays filed two applications with the U.S. Patent & Trademark Office on Thursday (July 19), reports in CoinDesk said. Both applications relate to application of...

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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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