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)

How AI Use Cases in Payments Are Moving Beyond Fraud
How AI Use Cases in Payments Are Moving Beyond Fraud
February 14, 2023  |  artificial intelligence

As artificial intelligence (AI) gets smarter — as it’s designed to do over time and as usage increases — there are more places in the...

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Chainalysis Says It’s Time to Find Out What’s Real in Crypto
Chainalysis Says It’s Time to Find Out What’s Real in Crypto
February 07, 2023  |  Cryptocurrency

The time is ripe for financial institutions to explore what cryptocurrency offerings their customers want. That’s despite 2022’s bear market, Jeff Billingham, director of strategic...

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Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Security & Fraud

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

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Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
January 31, 2023  |  API

Open banking firm Truelayer has launched a new product to help businesses onboard customers. The company announced the launch of Signup+, a new tool that...

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75% of Businesses Know They Need Better Digital Fraud Tools
75% of Businesses Know They Need Better Digital Fraud Tools
January 26, 2023  |  B2B Payments

Automated fraud-fighting systems have proven successful, although data suggests that firms planning in-house solutions may encounter unexpected headaches.  The B2B Payments Fraud Problem One of the...

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Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
January 26, 2023  |  Security & Fraud

Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. The Munich company announced the Series B on Thursday (Jan. 26), saying...

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Inscribe Raises $25M to Expand Fraud Detection Capabilities
Inscribe Raises $25M to Expand Fraud Detection Capabilities
January 25, 2023  |  Security & Fraud

Inscribe has raised $25 million to expand its fraud detection capabilities and introduce risk intelligence tools. The new Series B capital brings the firm’s total...

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FIS Says Embedded Finance in ‘First Inning’ of Payments Evolution
FIS Says Embedded Finance in ‘First Inning’ of Payments Evolution
January 25, 2023  |  Innovation

“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at...

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Coinbase $100M Fine Highlights Crypto Industry’s Gaps and US Regulatory Strengths
Coinbase $100M Fine Highlights Crypto Industry’s Gaps and US Regulatory Strengths
January 05, 2023  |  Cryptocurrency

 Recent regulatory action against U.S.-based Coinbase underscores that crypto is reaching a post-FTX inflection point. The pressure is on for the business-as-usual attitude to button...

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