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)

DOJ Calls for International Cooperation to Fight Crypto Crime
DOJ Calls for International Cooperation to Fight Crypto Crime
June 08, 2022  |  Security & Fraud

The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and...

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Zil Money on the Challenges of Digital Account Verification for FIs
Zil Money on the Challenges of Digital Account Verification for FIs
June 08, 2022  |  eCommerce

No other industry has more at stake in digital identity verification than financial services, a future Zil Money’s Justin Timlin says will be driven by...

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The Future of Digital Identity Verification: Driven by Technology, Shaped by Regulators
The Future of Digital Identity Verification: Driven by Technology, Shaped by Regulators
June 07, 2022  |  eCommerce

As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than...

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Complying with Crypto Sanctions and AML Regulations Is Complex, But Not Impossible
Complying with Crypto Sanctions and AML Regulations Is Complex, But Not Impossible
May 11, 2022  |  Regulation

Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive...

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Today in the Connected Economy: Revolut Offers Loans in US
Today in the Connected Economy: Revolut Offers Loans in US
April 14, 2022  |  Connected Economy

Today in the connected economy, Revolut joins forces with Cross River Bank to build out its business in the United States. Plus, global identify verification...

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Today in FinTech: Affirm Enhances Poshmark; Veriff Expands KYC Services; Cross River Teams With Revolut 
Today in FinTech: Affirm Enhances Poshmark; Veriff Expands KYC Services; Cross River Teams With Revolut 
April 14, 2022  |  Connected Economy

In today’s FinTech news, buy now, pay later (BNPL) innovator Affirm is teaming up with digital secondhand clothing pioneer Poshmark to bring style to an...

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Today in the Connected Economy: Fashion Label Off-White Begins Accepting Crypto
Today in the Connected Economy: Fashion Label Off-White Begins Accepting Crypto
April 04, 2022  |  Connected Economy

Today in the connected economy, Off-White becomes the latest clothing brand to accept payments in cryptocurrency and stablecoins, while banking solutions company Cashfree Payments launches...

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Cashfree Payments Intros KYC Automation Tool
Cashfree Payments Intros KYC Automation Tool
April 04, 2022  |  Technology

Banking solutions firm Cashfree Payments is introducing a new verification tool as part of its know your customer (KYC) suite of authentication products, according to...

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With AML Proposal, ECB Gives Digital Euro Leg up on Bitcoin Payments
With AML Proposal, ECB Gives Digital Euro Leg up on Bitcoin Payments
March 31, 2022  |  CBDC

On Monday (March 28), EU lawmakers proposed an anti-money laundering (AML) regime that would require identification and screening for any cryptocurrency or stablecoin transaction, no...

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