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

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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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. Get the Full...

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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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Fiverr On Fostering Trust Across Global Freelancing Marketplaces
Fiverr On Fostering Trust Across Global Freelancing Marketplaces
July 27, 2020  |  Payments Powering the Platform Economy

Work from home opens the virtual doors for gig workers and employers in need of help, including beyond their national borders. Shany Malbin, director of...

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Global Trust Meets Instant Money
Global Trust Meets Instant Money
July 22, 2020  |  Security & Fraud

Who doesn’t love fast money? But here’s the thing: Velocity adds risk in a complex equation, which includes everything from account opening to transacting across...

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