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

Using The Blockchain To Bring Banking To Everyone
Using The Blockchain To Bring Banking To Everyone
May 10, 2017  |  Ecosystems

Refugees are among the most unique groups of people for whom to enable mobile payments and other financial services. Clearly an acute need is there,...

READ MORE >
IDology: Taking A Broader View On Identity
IDology: Taking A Broader View On Identity
April 25, 2017  |  Security & Fraud

Identity isn’t static — authentication shouldn’t be either. In the latest installment of PYMNTS Commander In Chief Series, John Dancu, president and CEO of IDology, shares...

READ MORE >
Banks/FinTech — The Long And Winding (Regulatory) Road
Banks/FinTech — The Long And Winding (Regulatory) Road
April 25, 2017  |  Fintech Investments

In an age where FinTech upstarts, payments companies and banks vie for the same customers, might regulations force them to collaborate? In an interview with...

READ MORE >
Pegasystems Eyes RegTech Shortcomings
Pegasystems Eyes RegTech Shortcomings
March 02, 2017  |  B2B Payments

RegTech is here, but while major FIs are working with FinTech innovators to get a jumpstart on innovation in areas ranging from lending to P2P payments,...

READ MORE >
Rapid SMB Credit Decisions, Via The Cloud
Rapid SMB Credit Decisions, Via The Cloud
January 13, 2017  |  B2B Payments

The paper-based income statement and balance sheet models for SMB lending are inefficient at best and may not be the best arbiters of credit risk. Provenir...

READ MORE >
The Real-Time Fraud Intelligence Factor
The Real-Time Fraud Intelligence Factor
November 07, 2016  |  Security & Fraud

It’s getting harder for merchants to know who they are really doing business with because it’s gotten easier for fraudsters to disguise themselves as legitimate...

READ MORE >
Regulation, Corporate Demands Force Banks To Hustle
Regulation, Corporate Demands Force Banks To Hustle
September 22, 2016  |  B2B Payments

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new...

READ MORE >
Misys Places Its Blockchain Bets
Misys Places Its Blockchain Bets
August 04, 2016  |  B2B Payments

With the overexcitement of blockchain technology beginning to quiet down to talk of more practical use cases of the technology, some industry analysts are betting...

READ MORE >
The Authentication Crack In Bureau Data
The Authentication Crack In Bureau Data
July 05, 2016  |  Security & Fraud

Canada just said that it was OK for FIs to use “non-traditional” data sources to validate a consumer’s identity. It’s seen as a big victory...

READ MORE >