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)

Cashfree Payments Intros Real-Time Tax ID Verification Tool
Cashfree Payments Intros Real-Time Tax ID Verification Tool
July 28, 2022  |  Digital Identity

Payments and API banking solutions startup Cashfree Payments is introducing a tool businesses in India can use for the real-time verification of vendors’ and partners’...

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PYMNTS Intelligence: Fighting Fraud While Ensuring Money Mobility
PYMNTS Intelligence: Fighting Fraud While Ensuring Money Mobility
July 08, 2022  |  Disbursements

Maximizing money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made fraud a pervasive threat to this...

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PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
June 09, 2022  |  eCommerce

Technologies designed to authenticate identities are being introduced around the world to replace cumbersome procedures involving usernames, passwords and paper-based identification documents. Biometrics, such as...

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DOJ Calls for International Cooperation to Fight Crypto Crime
DOJ Calls for International Cooperation to Fight Crypto Crime
June 08, 2022  |  Security & Fraud

The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and...

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Zil Money on the Challenges of Digital Account Verification for FIs
Zil Money on the Challenges of Digital Account Verification for FIs
June 08, 2022  |  eCommerce

No other industry has more at stake in digital identity verification than financial services, a future Zil Money’s Justin Timlin says will be driven by...

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The Future of Digital Identity Verification: Driven by Technology, Shaped by Regulators
The Future of Digital Identity Verification: Driven by Technology, Shaped by Regulators
June 07, 2022  |  eCommerce

As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than...

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Complying with Crypto Sanctions and AML Regulations Is Complex, But Not Impossible
Complying with Crypto Sanctions and AML Regulations Is Complex, But Not Impossible
May 11, 2022  |  Regulation

Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive...

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Today in the Connected Economy: Revolut Offers Loans in US
Today in the Connected Economy: Revolut Offers Loans in US
April 14, 2022  |  Connected Economy

Today in the connected economy, Revolut joins forces with Cross River Bank to build out its business in the United States. Plus, global identify verification...

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Today in FinTech: Affirm Enhances Poshmark; Veriff Expands KYC Services; Cross River Teams With Revolut 
Today in FinTech: Affirm Enhances Poshmark; Veriff Expands KYC Services; Cross River Teams With Revolut 
April 14, 2022  |  Connected Economy

In today’s FinTech news, buy now, pay later (BNPL) innovator Affirm is teaming up with digital secondhand clothing pioneer Poshmark to bring style to an...

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