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)

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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Verifying Customers at the Speed of Crypto Requires AML/KYC Reset
Verifying Customers at the Speed of Crypto Requires AML/KYC Reset
December 23, 2021  |  Authentication

Being able to identify your customers accurately and quickly is no longer something cryptocurrency companies can afford to ignore. Increasingly, having a strong know your...

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Deep Dive: How AML/KYC Measures Have Changed as Digital Banking Becomes More Popular
Deep Dive: How AML/KYC Measures Have Changed as Digital Banking Becomes More Popular
December 17, 2021  |  AML

The economy’s digital shift started long before the global health crisis, but the past 20 months have definitely accelerated digital-first trends in eCommerce and banking....

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Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
December 16, 2021  |  AML

More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade,...

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