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)

Video-Based KYC Fixes Its Gaze On Fraudsters
Video-Based KYC Fixes Its Gaze On Fraudsters
December 11, 2020  |  Authentication

Hide and seek is fun when you’re five, but it’s a tedious cat-and-mouse affair after you grow up and it turns into an interminable bout...

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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding
Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding
December 10, 2020  |  Authentication

The need for financial services providers to properly verify potential customersʼ identities took center stage in 2012 — the year HSBC, Europeʼs largest bank, was...

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Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance
Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance
December 10, 2020  |  AML

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 billion in 2019 and is projected...

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Capital Float On The Path To Video-Based KYC Implementation
Capital Float On The Path To Video-Based KYC Implementation
December 09, 2020  |  Authentication

The pandemic has put small businesses in a world of financial hurt, with many looking to lenders for critical support. But lenders are facing their...

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Bitcoin Daily: France Eyes Strict Rules For Crypto Transactions; Messari Report Says US Last Hurdle For Bitcoin
Bitcoin Daily: France Eyes Strict Rules For Crypto Transactions; Messari Report Says US Last Hurdle...
December 08, 2020  |  Bitcoin

France could propose stricter regulations on cryptocurrency firms, according to The Block. Simon Polrot, president of French crypto association ADAN, told The Block that the...

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Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML
Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML
December 08, 2020  |  AML

Money laundering is a pervasive phenomenon around the world, with the estimated amount of money laundered in a given year totaling 2.7% of the global...

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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs
Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs
December 08, 2020  |  Authentication

  Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. These...

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Slice Uses APIs To Take A Bite Out Of Address Verification
Slice Uses APIs To Take A Bite Out Of Address Verification
December 04, 2020  |  Digital Onboarding

Onboarding customers and easing checkout processes are key issues for eCommerce companies. Not getting this right can cost online merchants as much as $4 trillion...

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Virtual IBANs Remove Friction From Cross-Border, B2B Payments
Virtual IBANs Remove Friction From Cross-Border, B2B Payments
November 06, 2020  |  Digital-First Banking

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to...

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