Let's review what Know Your Customer (KYC) is and why Viably asks you to complete user verification.
KYC, or Know Your Customer, is a regulatory requirement. Financial institutions or companies involved in the fintech space, like Viably, require their customers fulfill a KYC process prior to opening a Viably Acount.
When applying for funding with Viably, you are required to complete Viably's user verification (KYC) as well as your business verification (KYB). 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.
To get verified with Viably we ask you provide details about:
-your age
-SSN and government identification
-residential address
-digitally verify yourself (have a camera available!)
Completing Viably's Verification process helps us verify who you say you are during the funding application so you can access funding and it helps unlock your Viably Global Account!