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)

Deep Dive: How Regulatory Compliance Tools Help Keep Remittances Flowing
Deep Dive: How Regulatory Compliance Tools Help Keep Remittances Flowing
September 24, 2020  |  Smarter Payments

Remittances are a lifeline for many individuals around the world, with workers overseas in developed countries frequently sending money back home to support families in...

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The Pandemic-Driven Adoption Of Digitized Remittances For Singapore’s Foreign Workers
The Pandemic-Driven Adoption Of Digitized Remittances For Singapore’s Foreign Workers
September 23, 2020  |  Smarter Payments

Mobile remittances have become a financial lifeline for households around the globe, but the giant shift to mobile amid the pandemic has also opened the...

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Report: Hanging Up The Phone On Mobile Remittance Fraud
Report: Hanging Up The Phone On Mobile Remittance Fraud
September 22, 2020  |  Smarter Payments

Cross-border remittances are a lifeline for many households who depend on family members working abroad to send funds home. These international money flows reached $689...

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FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020  |  Security & Fraud

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed, documents...

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Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands
Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands
August 18, 2020  |  Bitcoin

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. The platform said...

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Deep Dive: Offering Fast And Secure Localized Payments To Cross-Border Shoppers
Deep Dive: Offering Fast And Secure Localized Payments To Cross-Border Shoppers
August 11, 2020  |  Payments Innovation

Localized shopping and payment experiences are indispensable when selling to an international customer base. Enabling them, however, is often easier said than done. Merchants must...

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Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future
Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future
August 07, 2020  |  Digital Payments

People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew...

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Tide Collaborates With DueDil To Bolster New Account Onboarding
Tide Collaborates With DueDil To Bolster New Account Onboarding
July 28, 2020  |  B2B Payments

British business banking firm Tide has teamed with business intelligence FinTech DueDil, to bolster its experience for creating a new account, according to a Tuesday...

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Deep Dive: How Marketplaces Use Market-Based Approaches To Recruit Sellers
Deep Dive: How Marketplaces Use Market-Based Approaches To Recruit Sellers
July 28, 2020  |  Payments Powering the Platform Economy

Many shoppers who make purchases online rely on eCommerce marketplaces to discover items and connect with trusted sellers. Fifty-eight percent of worldwide eCommerce transactions were...

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