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

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...

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SentiLink Unveils ‘First-of-Its-Kind’ KYC Product
SentiLink Unveils ‘First-of-Its-Kind’ KYC Product
October 21, 2021  |  Authentication

The identity verification company SentiLink says it is expanding its services to offer a know your customer (KYC) product. Get the Full Story Complete the...

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Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
October 21, 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...

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Remittances Remain a Huge Business: PSP to Benefit By Offering Blockchain Compatibility
Remittances Remain a Huge Business: PSP to Benefit By Offering Blockchain Compatibility
October 01, 2021  |  International

Remittances are a dominant pillar for economic development in lower- and middle-income countries with a substantial migrant demographic. These foreign-based workers in developed countries regularly...

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AML/KYC: Obstacle or Opportunity for Banks and FinTechs
AML/KYC: Obstacle or Opportunity for Banks and FinTechs
September 28, 2021  |  Bank Regulation

Regulatory agencies and financial institutions (FIs) agree on the importance of protecting the banking ecosystem from illicit activity and fraudulent users, but the methodology of...

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Unraveling Opaque Web Of Corporate Ownership Helps FIs Expand Business Opportunities
Unraveling Opaque Web Of Corporate Ownership Helps FIs Expand Business Opportunities
September 20, 2021  |  Security & Fraud

It is getting harder for financial institutions to win what seems to be the endless war on financial crime. Incidences of money laundering, corruption continue...

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Binance Adds Intermediate Verification To KYC For Added Security 
Binance Adds Intermediate Verification To KYC For Added Security 
August 20, 2021  |  Safety and Security

Cryptocurrency exchange platform Binance is integrating an intermediate verification stipulation for all users, adding to the startup’s know your customer (KYC) and anti-money laundering (AML)...

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How Identity Has Become The ‘Linchpin’ Of The Digital Economy
How Identity Has Become The ‘Linchpin’ Of The Digital Economy
July 27, 2021  |  Authentication

Not so long ago, identity wasn’t really an area of concern in the financial services ecosystem, or the economy at large. Fast-forward a decade and...

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Jumio Links 150 Pct Revenue Growth To KYC Solutions
Jumio Links 150 Pct Revenue Growth To KYC Solutions
July 20, 2021  |  Authentication

Jumio, a provider of artificial intelligence (AI)-powered identity verification and KYC (know your customer) tools, on Tuesday (July 20) announced that both sales and revenue...

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