Remove Due Diligence Remove Monetary Loss Remove Service Provider
article thumbnail

Refinitiv Completes Purchase Of GIACT For Fraud Prevention Expansion

PYMNTS

Finance data and infrastructure-service provider Refinitiv announced Wednesday (Dec. 9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification.

article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. If it’s not clear that your SaaS company is taking KYC seriously—or worse, it comes out due to a scandal—you risk serious reputational damage, which could lead to customer churn.