Customer Due Diligence

Fintech Explainers

What Is Know Your Customer (KYC)? Definition, Process & Risks

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One-Sentence Definition Know Your Customer (KYC) is a regulated set of identity verification, risk assessment, and ongoing monitoring processes that financial institutions use to establish,...
Fintech Explainers
FintechLaunches
Know Your Customer (KYC) process showing customer identification, identity verification, risk assessment, screening, approval, and ongoing monitoring in regulated financial institutions

What Is Know Your Customer (KYC)? Definition, Process & Risks

One-Sentence Definition Know Your Customer (KYC) is a regulated set of identity verification, risk assessment, and ongoing monitoring processes that financial institutions use to establish,...