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)

Report: How Solving the Payments Compliance Puzzle Fuels Global Business Growth
Report: How Solving the Payments Compliance Puzzle Fuels Global Business Growth
February 18, 2022  |  Digital Payments

The digital shift in the early months of the pandemic made digital payments imperative for many businesses. Not only is implementation a challenge, but it...

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Neuro-ID Debuts Frictionless Identity Screening Products
Neuro-ID Debuts Frictionless Identity Screening Products
February 16, 2022  |  Identity

Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with...

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EMEA Daily: CMA: JD Sports, Footasylum Held Improper Meetings; Spain’s BBVA Backs Brazil’s Digital Bank Neon Payments With $300M
EMEA Daily: CMA: JD Sports, Footasylum Held Improper Meetings; Spain’s BBVA Backs Brazil’s Digital Bank...
February 14, 2022  |  International

In today’s top Europe, Middle East and Africa news, the U.K.’s Competition and Markets Authority (CMA) fined retailers JD Sports and Footasylum $6 million for sharing commercially...

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Fraud’s Impact on Crypto Is About More Than Money
Fraud’s Impact on Crypto Is About More Than Money
February 07, 2022  |  Security & Fraud

Compared to other financial industries, the cryptocurrency market is disproportionately subject to fraud, with a net fraud rate of 7.4% last year. The most common...

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Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
February 01, 2022  |  Regulation

The regulators sharpen their gaze, the legislators sharpen their pencils and bang the gavels — and Big Tech, banks and FinTechs are in the crosshairs,...

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Silicon Valley Bank on Banking at the Edge of Technology
Silicon Valley Bank on Banking at the Edge of Technology
January 17, 2022  |  Digital-First Banking

Serving digital-first banking clients means meeting them where they are, whether they reach out online or want to talk finances over a glass of wine...

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Jumio: 2021 Was the Year of Consolidation
Jumio: 2021 Was the Year of Consolidation
January 14, 2022  |  Opinion

Companies started stepping up their identity verification protections amid rising security threats from hackers and fraud in 2021, says Bala Kumar, chief product officer at...

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Fake Business, Real Problem: The Importance of KYC
Fake Business, Real Problem: The Importance of KYC
January 06, 2022  |  Digital-First Banking

About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the...

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Tougher Enforcement Gives AML/KYC Tech New Importance
Tougher Enforcement Gives AML/KYC Tech New Importance
December 27, 2021  |  Security & Fraud

Problems around money laundering and tax evasion persist worldwide, and it’s clear that the regulatory landscape designed to prevent them from happening isn’t as robust...

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