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)

Binance Audit Raises Red Flags From Own Team
Binance Audit Raises Red Flags From Own Team
December 12, 2022  |  Cryptocurrency

Consumers are hungry for reassurance as fear, uncertainty and doubt pollute the crypto landscape. At the same time, the crypto industry is equally eager to...

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EU FinTechs Target Industry-Specific B2B Security Concerns
EU FinTechs Target Industry-Specific B2B Security Concerns
December 11, 2022  |  Security & Fraud

Depending on the industry, business-to-business (B2B) payments require different security measures to safeguard their systems. And with fraud remaining a top concern for B2B firms, ...

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Business Payments Fraud Remains Top Concern Among B2Bs
Business Payments Fraud Remains Top Concern Among B2Bs
December 06, 2022  |  Security & Fraud

Inflation may be inescapable but research shows businesses are actually more worried about fraud. According to the “B2B Payments Fraud Tracker,” from PYMNTS and nsKnox,...

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Rising Deposit Fraud Disrupts FinTechs’ Customer Experience and Vibe 
Rising Deposit Fraud Disrupts FinTechs’ Customer Experience and Vibe 
November 18, 2022  |  Security & Fraud

Fraud is top of mind in tech — especially in payments — and not just because of the collapse of crypto trading firm FTX. FinTechs...

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Real-Time Reporting at the Forefront of KYC Innovation
Real-Time Reporting at the Forefront of KYC Innovation
November 14, 2022  |  emea

For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC)...

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East-West Commerce Gets Biometrics Boost and Automated Compliance
East-West Commerce Gets Biometrics Boost and Automated Compliance
November 02, 2022  |  Cross-border Payments

The promise of cross-border commerce is always the opportunity to tap into new markets. But no two countries, or even markets within a given country,...

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The Most Complex Crypto Payment? A Political Donation
The Most Complex Crypto Payment? A Political Donation
October 28, 2022  |  Cryptocurrency

It’s hard to think of any type of payment more fraught with legal restrictions and privacy issues than political donations. And that’s doubly true when...

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CFTC Lawsuit Aims to Rein in DeFi
CFTC Lawsuit Aims to Rein in DeFi
September 28, 2022  |  Regulation

A pair of lawsuits by the Commodity Futures Trading Commission (CFTC) could upend the decentralized finance (DeFi) industry as we know it, making the projects...

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Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
September 20, 2022  |  Security & Fraud

Sardine, which provides fraud, compliance and instant settlement solutions, has gotten $51.5 million in Series B financing, which will go toward product development and marketing...

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