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

FitPay Rolls Out Bitcoin ‘Flip’ Device Amid Ubiquity Of Contactless

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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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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