KYC, or Know Your Customer, is a regulatory requirement that companies like Viably and other fintech companies and financial institutions require our customers to fulfill before opening an account.

KYC is essentially a verification process that helps us put a face and name to our customers to prevent online fraud and financial crimes, while maintaining compliance with anti-money laundering (AML) regulations.

While KYC is a verification of the applicant, KYB, or Know Your Business is the verification of the business entity.


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