7 KYC Best Practices to Reduce Risks
Know Your Customer (KYC) is critical for protecting businesses from fraud and other financial crimes, including risks tied to cryptocurrency activity. Strong KYC programs look past the paperwork to uncover […]
8 Biggest KYC Challenges (and How to Overcome Them)
KYC (Know Your Customer) might sound simple, but compliance teams are dealing with a number of significant challenges. If you’re on the front lines and see KYC firsthand every day, […]
Corporate KYC: Verify and Onboard Businesses Effectively
Corporate KYC (Know Your Customer) is the core of every reliable onboarding program. It helps compliance teams determine who owns a business and how it operates before taking on any […]
KYC vs. KYB: What’s the Difference?
KYC and KYB follow some similar processes, but they solve different problems. KYC focuses on people, while KYB focuses on companies. Both KYC and KYB are core parts of fraud […]
8 Ways KYC Prevents Fraud
Fraud starts where the checks are the weakest, which is why bad actors often target the onboarding process. Strong KYC eliminates blind spots and gives analysts a clear view of […]
KYC Fintech: Crafting a Risk-Based Verification Strategy
KYC (Know Your Customer) in fintech needs to move fast, but it also needs to be smart. Most customers complete the KYC onboarding process from a phone or laptop, and […]
KYC Risk Assessment: Why It Matters for Ongoing Monitoring
KYC risk assessment is the foundation of every comprehensive KYC (Know Your Customer) compliance program. It shapes how companies onboard new customers and how they’re monitored over time, starting with […]
Perpetual KYC: Benefits, Risks, and Compliance Advantages
Traditional KYC (Know Your Customer) review cycles can’t keep up with customers’ constantly evolving risk profiles. By the time a compliance team runs a scheduled refresh, the customer’s profile may […]
KYC Checklist: 10 Essential Steps for Compliance Success
KYC (Know Your Customer) compliance is a vital process for banks, fintechs, insurers, and other regulated organizations. By verifying the identities of your customers and assessing their risk profiles, you […]
AML and KYC: Compliance Guide for Banks and Financial Institutions
AML (Anti-Money Laundering) and KYC (Know Your Customer) risk management have long been at the core of banking. In fact, financial institutions risk liability and missing business opportunities if they […]
What is Know Your Customer (KYC), and Why is It Important in Banking?
Know Your Customer (KYC) is the process by which banks and other regulated institutions verify their customers’ identities and information, in order to prevent fraud and comply with AML/CTF regulations. […]
KYC Integration: Step by Step Guide for Financial Institutions
Financial institutions face growing pressure to authenticate customer identities, detect financial crime, and comply with shifting KYC and AML regulations, all without slowing down onboarding or harming customer experience. But […]