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)

Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021  |  AML

Digital-first businesses were better equipped to take advantage of new market opportunities unleashed during the pandemic. In the past year, 92% of consumers made an...

READ MORE >
Moody’s Acquires Two European KYC Firms 
Moody’s Acquires Two European KYC Firms 
December 03, 2021  |  Acquisitions

Moody’s Corporation is acquiring two European companies in a bid to enhance its Know Your Customer (KYC) capabilities.  The company announced in a news release...

READ MORE >
Point Solutions and Piecemeal Approach to KYC Hinders Fraud Protection Efforts
Point Solutions and Piecemeal Approach to KYC Hinders Fraud Protection Efforts
November 26, 2021  |  Security & Fraud

All industries go through a period of evolution where several service providers crowd into a space, offering a slew of options geared toward making enterprise...

READ MORE >
Binance CEO: KYC Mandate Causes 3% of Users to Leave
Binance CEO: KYC Mandate Causes 3% of Users to Leave
November 17, 2021  |  Digital Identity

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said only 3% of the company’s users left the exchange after know your customer (KYC) processes were made...

READ MORE >
Digital Economy Sees Rise in Number of Fake Businesses
Digital Economy Sees Rise in Number of Fake Businesses
November 17, 2021  |  Security & Fraud

Digital identity verification is being put through its paces during the pandemic as remote onboarding of consumers keeps skyrocketing, bringing a reenergized wave of financial...

READ MORE >
Trulioo Debuts Match Rate Challenge for KYC Rates
Trulioo Debuts Match Rate Challenge for KYC Rates
November 08, 2021  |  Authentication

Global identity verification company Trulioo is inviting businesses to compare their current solutions against its global know your customer (KYC) match engine, Trulioo GlobalGateway. On...

READ MORE >
Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
October 25, 2021  |  AML

Online gaming covers a wide variety of markets, including multiplayer video games, online gambling and eSports gaming. All of these have surged in popularity during...

READ MORE >
Jumio Intros No-Code Orchestration Layer for KYX Platform
Jumio Intros No-Code Orchestration Layer for KYX Platform
October 25, 2021  |  Security & Fraud

Artificial intelligence (AI) identity verification startup Jumio has launched an intuitive, no-code orchestration layer for its KYX Platform that pulls together a full suite of...

READ MORE >
Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
October 22, 2021  |  AML

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating...

READ MORE >