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: Identity Verification In Online Gaming And Gambling
Deep Dive: Identity Verification In Online Gaming And Gambling
April 24, 2019  |  Authentication

Online games are growing in popularity, and regulators are starting to worry as more players are using real-world currency for in-game purchases. To fend off...

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Taking New Approaches To Onboarding Security
Taking New Approaches To Onboarding Security
April 23, 2019  |  Today In Data

Businesses are facing greater pressure to provide robust, digital know your customer (KYC) checks and other security measures amid increased interest in mobile onboarding. In...

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Trade Finance Rejection Rates Accelerate
Trade Finance Rejection Rates Accelerate
April 22, 2019  |  B2B Payments

The massive global trade finance gap is the topic of conversation for many banks and FinTech firms looking to strengthen their position in the market....

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Supply Chain Finance Stumped By KYC
Supply Chain Finance Stumped By KYC
April 15, 2019  |  B2B Payments

The Asian Development Bank’s estimates that the global trade finance gap has reached $1.5 trillion has jumpstarted a new wave of competition between banks and...

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How Banks Can Turn Compliance Burden Into A Data Opportunity
How Banks Can Turn Compliance Burden Into A Data Opportunity
March 27, 2019  |  B2B Payments

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a...

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model
Fixing The KYC And AML ‘Horse-and-Buggy’ Model
March 25, 2019  |  Security & Fraud

Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions of dollars, even...

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