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  2. Know your customer - Wikipedia

    en.wikipedia.org/wiki/Know_your_customer

    Know your customer places a costly burden on businesses operating in the financial industry, especially smaller financial companies, where compliance costs are disproportionately heavy. [ 21 ] Customers may feel the information requested to be intrusive and burdensome, and may choose not to enter the business relationship as a result.

  3. Customer Identification Program - Wikipedia

    en.wikipedia.org/wiki/Customer_Identification...

    The Customer Identification Program is intended to enable the bank to form a reasonable belief that it knows the true identity of each customer. The CIP must include new account opening procedures that specify the identifying information that will be obtained from each customer.

  4. Anti–money laundering software - Wikipedia

    en.wikipedia.org/wiki/Anti–money_laundering...

    These software applications effectively monitor bank customer transactions on a daily basis and, using customer historical information and account profile, provide a "whole picture" to the bank management. Transaction monitoring can include cash deposits and withdrawals, wire transfers and ACH activity. Each vendor's software work differently.

  5. Axis Bank - Wikipedia

    en.wikipedia.org/wiki/Axis_Bank

    eKYC (electronic know your customer) [48] is an online, paperless Aadhaar card-based process for fulfilling KYC requirements to start investing in mutual funds without the submission of any documents. Axis Bank partnered with Visa Inc. to launch the 'eKYC' facility, and was the first organization in India to introduce biometrics-based KYC. [49]

  6. KYC - Wikipedia

    en.wikipedia.org/wiki/KYC

    KYC may refer to: Know your customer, guidelines in financial services; Kyaka language of Papua New Guinea (ISO code: kyc) Yacht clubs. Kaiserlicher Yacht Club, Kiel, ...

  7. eSign (India) - Wikipedia

    en.wikipedia.org/wiki/ESign_(India)

    The signature service is facilitated by authenticating the Aadhaar holder via the Aadhaar-based e-KYC (electronic Know Your Customer) service. [2] To eSign a document, one has to have an Aadhaar card and a mobile number registered with Aadhaar. With these two things, an Indian citizen can sign a document remotely without being physically present.

  8. Identity verification service - Wikipedia

    en.wikipedia.org/wiki/Identity_verification_service

    Identity verification services were developed to help companies comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, identity verification is now a vital component to the transaction ecosystems of eCommerce companies, financial institutions, online gaming, and even social media. Through adopting digital fraud prevention ...

  9. Financial privacy laws in the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_privacy_laws_in...

    The program must keep information safe from any unauthorized access of information, unauthorized use of information, and threats to the safety of the information. Information systems that processes, stores, transmits, and destroys information must be used in the security program. [ 8 ]