A Guide to KYC for FinTech Startups

Posted by Kelvin Chandran on 2/18/19 11:56 AM

Launching any startup involves a lot of challenges and opportunities. Businesses in the FinTech sector have to think about all sorts of metrics: customer acquisition costs, churn, monthly cash burn rates, and many other factors.

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Topics: KYC, FinTech

KYC and AML Explained

Posted by Henry Hirsch on 1/20/19 3:40 PM

Know your Customer (KYC) and anti-money laundering (AML) are probably terms you’ve heard before, especially as discussions around consumer privacy and security increase. However, sometimes the meanings of KYC and AML can become confusing depending on who you speak to or the application they’re being used for.

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Topics: AML, KYC

Using Blockchain to Improve Identity Management in Finance

Posted by Kelvin Chandran on 11/14/18 8:03 AM

Identity and Access Management (IAM) is increasingly important in finance for quite a few different reasons. First, we have continued to see an increase in the number of regulations surrounding data privacy. Initiatives like GDPR are being passed by various legislative bodies from around the world, ensuring that businesses establish better data privacy measures.

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Topics: KYC, Digital identity

How Is Blockchain Changing Financial Services?

Posted by Kelvin Chandran on 11/5/18 5:21 PM

In a manner of just a few years, blockchain has already begun to emerge as a technological game-changer for the financial services industry. The positive impact of this relatively new technology is only just beginning.

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Topics: KYC, FinTech

Managing Digital Identities for Crypto Exchanges

Posted by Kelvin Chandran on 9/28/18 7:57 AM

Crypto exchanges have an increasingly important responsibility to ensure that services remain compliant with various government regulations. As policies begin to mandate more transparency in the cryptocurrency market, exchanges must implement procedures to perform thorough KYC checks on crypto traders.

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Topics: KYC, crypo investment, Digital identity

KYC Requirements for ICOs

Posted by Kelvin Chandran on 8/12/18 10:02 AM

As most investors and cryptocurrency project teams are aware, know your customer (KYC) compliance plays an important role in making sure that ICOs meet regulatory compliance standards. But why exactly is KYC becoming increasingly common?

In this article, we examine some of the top reasons why KYC is crucial for both current and future cryptocurrency projects.

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Topics: KYC, crypo investment

Knowing Your Customer in New Zealand

Posted by Henry Hirsch on 7/24/18 9:46 AM

Note that this article does not constitute legal advice and is opinionated based on self-review of New Zealand requirements.

The Anti-Money Laundering (“AML”) Countering Financing of Terrorism Act 2009 ("Act”) requires reporting entities in New Zealand to undertake Know Your Customer (“KYC”) processes (commonly referred to as “customer due diligence”). The New Zealand AML Supervisors (e.g., Financial Markets Authority, Department of Internal Affairs) have done a great job of providing guidance to reporting entities to understand how to perform KYC processes for natural persons (individuals) and legal persons (legal entities).

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Topics: AML, KYC

Know your customer in the blockchain ocean

Posted by Henry Hirsch on 7/10/18 4:14 PM

Whether you're buying cryptocurrencies, investing in blockchain companies, or your blockchain company performs an Initial Coin Offering (ICO) - all of these situations would require a Know Your Customer (KYC) processes.

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Topics: RegTech, KYC

4 ways blockchain technology prevents fraud, reduces risk, and helps consumers with ownership of data

Posted by Kelvin Chandran on 6/25/18 6:00 AM

Innovations in blockchain technology have already begun to change the way the global economy works. Blockchain not only allows for the creation of new digital currencies but also vastly improves the future of consumer protection.

In this article, we feature four major consumer benefits created by the development and adoption of blockchain.

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Topics: Blockchain technology, AML, RegTech, Fraud prevention, KYC, Data ownership

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