KYC
KYC means Know Your Customer. It is the process businesses use to verify the identity of customers before allowing access to regulated accounts or services.
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Clear definitions for KYC, KYB, AML, EUDI Wallets, verifiable credentials, passkeys and bank account verification.
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KYC means Know Your Customer. It is the process businesses use to verify the identity of customers before allowing access to regulated accounts or services.
Read definitionKYB means Know Your Business. It is the process of verifying a company, its ownership structure and its business risk before onboarding it.
Read definitionAML means Anti Money Laundering. It covers checks and controls used to detect and reduce financial crime risk.
Read definitionThe EUDI Wallet is the European Digital Identity Wallet framework for storing and presenting trusted digital identity credentials.
Read definitionVerifiable credentials are tamper resistant digital claims that can be presented and verified by relying parties.
Read definitionBank account verification confirms whether an account exists, belongs to the stated user or business and is safe for payments or payouts.
Read definitionLiveness detection checks whether a biometric verification attempt comes from a real live person rather than a spoof, photo or replay attack.
Read definitionPasskeys are passwordless login credentials based on cryptographic authentication that can reduce phishing and account takeover risk.
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