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

Opus Accelerates KYC Automation For Banks
Opus Accelerates KYC Automation For Banks
January 30, 2019  |  B2B Payments

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. A press release on Tuesday (Jan. 29)...

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How To Keep Investment Platforms AML-Compliant
How To Keep Investment Platforms AML-Compliant
January 30, 2019  |  AML

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. At the same...

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Onboarding Tech Taps Into Banks’ KYC Burden
Onboarding Tech Taps Into Banks’ KYC Burden
December 28, 2018  |  B2B Payments

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity...

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R3 Puts Blockchain KYC Tool To The Test With French Treasurers
R3 Puts Blockchain KYC Tool To The Test With French Treasurers
December 06, 2018  |  B2B Payments

Blockchain company R3 is putting its Know Your Customer (KYC) solution to the test with dozens of French companies and corporate treasurers, according to BTC...

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Moving Data With Money The Key To Faster KYC: identitii
Moving Data With Money The Key To Faster KYC: identitii
October 26, 2018  |  B2B Payments

With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of...

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Onboarding And Authenticating A Global User Base
Onboarding And Authenticating A Global User Base
October 24, 2018  |  Security & Fraud

Verifying the identities of new users during onboarding is only part of the authentication challenge. Many consumers — particularly younger, tech-savvy ones — want access...

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A Look Inside Switzerland’s Plans To Bank Crypto Businesses
A Look Inside Switzerland’s Plans To Bank Crypto Businesses
October 18, 2018  |  B2B Payments

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to get ahead of...

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China Central Bank Creates AML Regulations For Online FIs
China Central Bank Creates AML Regulations For Online FIs
October 11, 2018  |  Regulation

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to Reuters, the new...

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Bank Fines On Money Laundering Spotlight KYC Urgency
Bank Fines On Money Laundering Spotlight KYC Urgency
October 10, 2018  |  Security & Fraud

Danske Bank is among only the latest headlines tied to money laundering. However, according to one recent report, 90 percent of Europe's biggest banks have...

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