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

Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
March 12, 2024  |  Digital Banking

The evolution of money movement, and of banking, are intrinsically linked. That’s why, as money became digitized and embedded, so too did banking, via the...

READ MORE >
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
February 29, 2024  |  Payments Innovation

Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. Get the Full Story Complete the...

READ MORE >
AU10TIX Adds KYB to Identity Verification Offerings
AU10TIX Adds KYB to Identity Verification Offerings
February 27, 2024  |  Identity

Israeli identity verification firm AU10TIX has launched a know-your-business (KYB) solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. Get the Full Story Complete the form to unlock this article...

READ MORE >
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
December 12, 2023  |  Fraud Prevention

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS in a recent interview that the intensity of fraudsters’ attacks on all parts...

READ MORE >
Connatix CFO: Collaboration and Trust Are Redefining B2B Payments Innovation
Connatix CFO: Collaboration and Trust Are Redefining B2B Payments Innovation
November 14, 2023  |  B2B Payments

Lately, it seems each new day brings another advancement in the payments world.  Get the Full Story Complete the form to unlock this article and...

READ MORE >
RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

READ MORE >
Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
September 22, 2023  |  Regulation

The White House is reportedly considering the implementation of a new policy that would require cloud computing companies to disclose certain information about their customers...

READ MORE >