Know Your Customer (KYC) RSS

Cyber Crime, Cyber Security, Daily news, Fraud & Security, Identity, Know Your Business (KYB), Know Your Customer (KYC) -

A wide range of factors are converging to make Know Your Business (KYB) a major pain point for financial institutions (FIs) in the years ahead. Banks and other FIs must... read more

The post The coming crisis in KYC and KYB explained appeared first on Payments Cards & Mobile.

Read more

AML, Anti-Money Laundering (AML), Cyber Crime, Daily news, Fraud & Security, Know Your Customer (KYC), KYC, MiFID -

Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... more

The post Global financial institutions rack up $36 billion AML, KYC and Sanctions fines appeared first on Payments Cards & Mobile.

Read more

Daily news, digital on-boarding, Know Your Customer (KYC), Money Laundering (AML), Signicat, The Battle to On-board III -

Signicat has revealed that 38% of all financial services applications in Europe are abandoned despite massive investment in digital transformation by institutions. Although the 38% figure is an improvement on 2018’s... more

The post Money 2020: European FI’s losing almost 40% of applicants during digital on-boarding appeared first on Payments Cards & Mobile.

Read more