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)

SWIFT Expands Global KYC For Corporates
SWIFT Expands Global KYC For Corporates
December 16, 2019  |  Security & Fraud

SWIFT is launching its global Know Your Customer (KYC) registry to more corporate groups, SWIFT announced in a press release on Monday (Dec. 16). The...

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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech
Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech
December 02, 2019  |  Blockchain

The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. The bank...

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How Cannabis Companies Can Leapfrog Into Payments Digitization
How Cannabis Companies Can Leapfrog Into Payments Digitization
November 19, 2019  |  B2B Payments

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created...

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Amid KYC/AML – And eCommerce – Biometrics Gain Support
Amid KYC/AML – And eCommerce – Biometrics Gain Support
November 14, 2019  |  Today In Data

Customers want speed and security when transacting online or with various FIs and merchants. The problem is that fraudsters have increasingly been crafting new ways...

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How SMBs’ Digital Banking Demands Change The KYC Challenge For Banks
How SMBs’ Digital Banking Demands Change The KYC Challenge For Banks
November 14, 2019  |  B2B Payments

While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is...

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Zillow: Tackling Real Estate’s $1.6T Money Laundering Epidemic
Zillow: Tackling Real Estate’s $1.6T Money Laundering Epidemic
November 11, 2019  |  AML

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Cryptocurrency companies that...

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Deep Dive: Digital ID Systems Wrestle With Ethics
Deep Dive: Digital ID Systems Wrestle With Ethics
November 07, 2019  |  Authentication

Digital identities are flexibly changing forms as they gain ubiquity. Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with...

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