Focus Area: Know Your Customer (KYC)

What is Know Your Customer (KYC)

In order to improve and tighten business relationships, today’s connected businesses need to communicate, collaborate and interact with their customers in a way that’s faster and suppler than ever before. Knowing consumers and their identities spot on also allows to optimally serve them.

To use this key to success in the era of digital transformation, enterprises today often think about employing Customer Identity & Access Management (CIAM), complementary to traditional IAM for employees and business partners. They often forget however that, forced by regulation authorities, they already use the strong tool KYC (Know Your Customer) in order to prevent, among others, money laundering.

KYC done right encompasses Customer Tracking & Marketing Automation as well as Analytics (Big Data) and Privacy & Information Protection and goes much further than CIAM. The term KYC is yet not really accurate, since it helps not only with knowing the customer, but also optimally serving him. Better would be the term Know & Serve Your Customer (KSYC), a proper evolutionary step of doing CRM and CIAM.

It requires a string of key enabling technologies, e.g. security and privacy enhancements, secure access to mobile and social logins, identity relationship management to understand how different identities are connected to each other, big data, up to blockchain, distributed ledgers and Life Management Platforms (LMPs). 

Latest Research, Upcoming Webinars and Events From
Know Your Customer (KYC)

Webinar

The Evolution of Identity Governance: From Basic Compliance to Federated Security Assurance

Whenever people are talking about the Digital Transformation, they usually think about modern technologies like cloud computing. However, although adopting new technologies is important for staying relevant and competitive in the rapidly changing market, this transformation primarily reflects the growing volume of digital information that is powering key business processes and unlocking new business models. In many cases, digital data even becomes a company’s primary product and most valuable asset.

Executive View

Executive View: RSA SecurID® Access - 70323

RSA SecurID Access is an integrated offering for Adaptive Authentication, supporting a broad range of different authentication methods on virtually any type of endpoint and integration to a large range of on-premises applications and cloud services. It supports context-aware authentication and uses machine learning to assess user risk and simplify the user experience.

Webcast

Authentication & Authorization for the Microservices World

Microservices architectures, where applications comprise multiple loosely coupled components, which can be developed using different languages frameworks, and platforms, have become one of the most popular alternatives to traditional monolithic enterprise applications. Since these modules are deployed independently and only communicate over standard protocols or APIs, they lend themselves to continuous delivery and continuous integration processes, reducing costs and risks of developing new features. However, with an increasing number of microservices, the complexity of adding security and...

Conference

Consumer Identity World Tour 2018

The Consumer Identity World Tour is the place where you get input for your perfect CIAM Strategy. Learn more about Privacy by Design, Consent Life Cycle Management and the needs of your customers. Get to know how to secure their personal information in a strategic and user-friendly way.

Latest News From Know Your Customer (KYC)

Conference

Consumer Identity World Tour 2018

The Consumer Identity World Tour is the place where you get input for your perfect CIAM Strategy. Learn more about Privacy by Design, Consent Life Cycle Management and the needs of your customers. Get to know how to secure their personal information in a strategic and user-friendly way.

Blog

EBA Rules out Secure Open Banking?

On January 30th in London I attended a joint workshop between OpenID and the UK Open Banking community that was facilitated by Don Thibeau of OIX. This workshop included an update from Mike Jones on the work being done by OpenID and from Chris Michael Head of Technology, OBIE on UK Open…

Executive View

Executive View: RSA SecurID® Access - 70323

RSA SecurID Access is an integrated offering for Adaptive Authentication, supporting a broad range of different authentication methods on virtually any type of endpoint and integration to a large range of on-premises applications and cloud services. It supports context-aware authentication…

Blog

Obsession? Hype? Revolution? It Might Be a Bit of Everything: Moving Into the Age of Blockchain in Cybersecurity, Identity and Privacy

In looking at the current investor craze mainly around the primary use case of blockchain, the Bitcoin, it sometimes gets a bit difficult to think beyond the bubble and track those blockchain projects, which indeed are on their way to becoming useful in changing the way we do things like…

Webcast

Authentication & Authorization for the Microservices World

Microservices architectures, where applications comprise multiple loosely coupled components, which can be developed using different languages frameworks, and platforms, have become one of the most popular alternatives to traditional monolithic enterprise applications. Since these modules…

Executive View

Executive View: ERPScan Smart Cybersecurity Platform for SAP - 72510

ERPScan Smart Cybersecurity Platform for SAP is an Al-driven enterprise level solution for SAP that leverages machine learning. By addressing predictive, preventive, detective and responsive capabilities, and by leveraging vulnerability management, source code security and the analysis of…

Blog

Administrative Security in Security Products

At KuppingerCole, cybersecurity and identity management product/service analysis are two of our specialties. As one might assume, one of the main functional areas in vendor products we examine in the course of our research is administrative security. There are many components that make up…

Executive View

Executive View: STEALTHbits® Products Overview - 70270

Securely governing access is increasingly important to ensure compliance as well as to defend against cyber-crime. STEALTHbits’ products provide a comprehensive set of solutions to address IT security risks covering Active Directory, Data Access Governance, Privileged Access…

Whitepaper

Whitepaper: Airlock: Datenschutz-Grundverordnung (DSGVO): Mehr als nur Consent Management! - 70327

Die DSGVO oder EU GDPR (General Data Protection Regulation), die ab dem 28. Mai 2018 voll wirksam ist, wird derzeit vor allem mit den Zustimmungsregeln zur Nutzung personenbezogener Daten (Consent) und den Rechten der Betroffenen wie beispielsweise dem „Recht auf Vergessen“ in…

Webinar

Dec 05, 2017: Authentication & Authorization for the Microservices World

As businesses are expanding their presence in the cloud, they are increasingly looking into innovative approaches towards software development and operations that allow them to bring their applications to the market faster, to make them more adaptable and scalable to the ever-changing…

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Blog

Blog

EBA Rules out Secure Open Banking?

On January 30th in London I attended a joint workshop between OpenID and the UK Open Banking community that was facilitated by Don Thibeau of OIX. This workshop included an update from Mike Jones on the work being done by OpenID and from Chris Michael Head of Technology, OBIE on UK Open Banking. [...]

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