Know Your Customer RSS

biometrics, Cyber Security, Daily News, Fraud & Security, Identity, Issuing & Acquiring, Know Your Customer, KYC, Mobile Banking -

The required procedures for Know Your Customer (KYC) have finally broken free of branch-based face-to-face meetings, and now enable banks to use videoconferencing and biometrics to verify a customer’s identity remotely. This is a big deal; early implementation of new KYC processes can seriously enhance the mobile banking customer user experience, making services more attractive [...]

The post Remote KYC: A competitive advantage for mobile only banking appeared first on Payments Cards & Mobile.

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AMLD IV, Anti-Money Laundering Directive, Daily News, financial institution, Know Your Customer, Regulation, regulatory compliance, Risk & Compliance -

Fenergo, a provider of Client Lifecycle Management solutions for institutional banks, has published key findings from new research commissioned from the Aite Group which suggests that financial institutions are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions. The research finds that the Anti-Money Laundering Directive IV (AMLD IV) is perceived by [...]

The post Banks struggle with cross-jurisdictional regulatory compliance appeared first on Payments Cards & Mobile.

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