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 FIs Can Secure Mobile Onboarding Without Adding Frictions
Deep Dive: How FIs Can Secure Mobile Onboarding Without Adding Frictions
June 10, 2020  |  Digital Onboarding

The need to stay at home and minimize person-to-person contact during the COVID-19 pandemic has pushed mobile banking use into overdrive. Customers are unable or unwilling...

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AML/KYC Fast-Tracked In Open Banking Boom
AML/KYC Fast-Tracked In Open Banking Boom
June 09, 2020  |  Digital Banking

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of...

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New Report: Home Closings Go Digital With Remote Online Notary Services
New Report: Home Closings Go Digital With Remote Online Notary Services
June 09, 2020  |  Authentication

Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent...

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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters’ Open Banking Attacks
Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters’ Open Banking Attacks
June 08, 2020  |  AML

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or...

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Mastercard’s New President Of Europe On EU’s Digital Payments Transformation
Mastercard’s New President Of Europe On EU’s Digital Payments Transformation
June 08, 2020  |  Digital Payments

The pandemic has introduced new variables into innovations, payments and commerce — setting up headwinds in some cases as businesses shutter, and tailwinds as consumers...

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What Banks Can Learn From Amazon About Digital Onboarding
What Banks Can Learn From Amazon About Digital Onboarding
June 08, 2020  |  Digital Onboarding

The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect...

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Fostering FinTech-FI Trust With Data-Driven Security
Fostering FinTech-FI Trust With Data-Driven Security
June 05, 2020  |  AML

Open banking can unlock seamless payment experiences for legitimate customers, but also for money launderers as well. As a result, many financial institutions (FIs) are...

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NEW REPORT: FinTech’s Role In Keeping Open Banking Secure
NEW REPORT: FinTech’s Role In Keeping Open Banking Secure
June 04, 2020  |  AML

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. Small- to medium-sized business...

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Why Digital Identity Verification Is Crucial Post-COVID
Why Digital Identity Verification Is Crucial Post-COVID
May 19, 2020  |  Digital Identity

Set in motion by the pandemic, a dangerous chicken-and-egg conundrum is arising, caused by the confluence of store closures, the shift to digital retail and...

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