Skip to content
Know Your Customer (KYC) RSS
The new Open Banking era needs better, smarter KYC
In a new white paper, transaction security specialists Ondato explain why the rapid development of Open Banking across Europe means banks, merchants and PSPs must turn to smarter, joined-up KYC... read more
The post The new Open Banking era needs better, smarter KYC appeared first on Payments Cards & Mobile.
Radical change in payments requires a KYC revolution
A new white paper from Ondato argues the massive changes we’re seeing in the way people pay need to be matched by changes in the way we authenticate, onboard and verify... read more
The post Radical change in payments requires a KYC revolution appeared first on Payments Cards & Mobile.
The coming crisis in KYC and KYB explained
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.
Global financial institutions rack up $36 billion AML, KYC and Sanctions fines
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.
Money 2020: European FI’s losing almost 40% of applicants during digital on-boarding
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.
