Also found in: Financial.
KYCKnow Your Customer
KYCKnow Your Client
KYCKeep Your Cool
KYCKansai Yacht Club (Japan)
KYCKaneohe Yacht Club (Hawaii)
KYCKirat Yakthung Chumlung (indigenous social organization; Limbu community; Nepal)
KYCKent Youth Choirs (UK)
KYCKundalini Yoga Class (personal fitness; various locations)
References in periodicals archive ?
Jumios AI-powered technologies fit with our priority of creating smooth and simple user journeys, keeping our users happy and increasing client retention by taking the complexities out of the online verification process usually associated with regulatory KYC and AML compliance.
The Indian meal card players are racing to comply with the RBI directive requires all the prepaid and wallet players to meet KYC (know your customer) norms for all their customers.
Banks and financial institutions are seeking more ways to meet KYC and AML requirements and standards.
Goldfinger added "This unified data and due diligence tool can be integrated with any existing KYC, case management or other compliance platform.
If banks need to KYC all correspondent banks--thousands of entities around the world-banks will need twice the number of staff.
It's very difficult to do KYC with so many people and so many jurisdictions," Kanakakis told IBT.
They realised that there was huge opportunity in the KYC area.
Linked2Pay, an award-winning banking and payments technology provider, has launched a white label KYC service for ODFIs to automate payments underwriting, onboarding and management, the company said.
The new KYC rule will increase the cost of acquisition.
However, this is purely because financial institutions in the Middle East are not yet in a position to go the extreme lengths in their quest for KYC as their western counterparts have been able to.
But if they want to stay with the move, full KYC wallets will be transferred as full KYC wallets into the bank and minimum KYC wallets will be transferred as minimum KYC wallets.
Under e- KYC guidelines issued on Tuesday, a customer through his/ her Aadhaar number and biometrics will online authorise UIDAI to provide demographic details such as name, address, date of birth and gender along with the digitallysigned photograph to the telco.