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)

Regulation, Corporate Demands Force Banks To Hustle
Regulation, Corporate Demands Force Banks To Hustle
September 22, 2016  |  B2B Payments

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new...

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Misys Places Its Blockchain Bets
Misys Places Its Blockchain Bets
August 04, 2016  |  B2B Payments

With the overexcitement of blockchain technology beginning to quiet down to talk of more practical use cases of the technology, some industry analysts are betting...

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The Authentication Crack In Bureau Data
The Authentication Crack In Bureau Data
July 05, 2016  |  Security & Fraud

Canada just said that it was OK for FIs to use “non-traditional” data sources to validate a consumer’s identity. It’s seen as a big victory...

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Pegasystems Rolls Out KYC Aid For Banks
Pegasystems Rolls Out KYC Aid For Banks
March 21, 2016  |  B2B Payments

Software firm Pegasystems targets the enterprise, but its latest venture is geared towards the financial institution. The company announced today (March 21) a new solution...

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Atlanta Fed: EMV Shift Will Increase Check And Credit Fraud
Atlanta Fed: EMV Shift Will Increase Check And Credit Fraud
March 17, 2015  |  News

With the transition to EMV chip payment cards just months away, online merchants are bracing for an expected surge in eCommerce fraud. But two other...

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Safer Peer-To-Peer Lending
Safer Peer-To-Peer Lending
November 28, 2014  |  Consumer Finance

UK peer-to-peer lender Zopa will use AU10TIX, a fully owned subsidiary of ICTS International N.V., to protect its lenders against fraud, verifying borrowers by checking...

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SWIFT To Offer Bank Profiles For KYC Compliance
SWIFT To Offer Bank Profiles For KYC Compliance
November 14, 2014  |  International

With an ever-increasing list of Know Your Customer regulations for banks doing international funds transfers, financial messaging network SWIFT is developing a new report to...

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