[DevDojo] KYC In Action

When Merpay provides payment services, we conduct identity verification for customers engaging in transactions. In this course, we will explain the fundamentals of Know Your Customer (KYC), the different types of KYC, and their application in Merpay.

Transcript

1. 1 KYC In Action Manpreet Kaur Merpay KYC Team / Software Engineer
2. Agenda 01 About KYC 02 KYC Types 03 KYC in action (at Merpay)
3. About KYC
4. KYC - A Guideline Risk Identification Identity verification Prevention from Money Laundering/ Frauds
5. Why KYC? • Regulatory Compliance ◦ To verify customer identity based on the Act on Prevention of Transfer of Criminal Proceeds (犯罪による収益の移転防止に関する法律 ) • Risk management and Fraud prevention • Enhanced security ◦ Thereby improved customer experience • To prevent business from damages: ◦ Financial Loss. ◦ Company’s reputation.
6. Why KYC? (continued..) Maintain Mutual business trust
7. KYC Types
8. Ways to do KYC Legally compliant to open FTA Legally non-compliant, not sufficient for opening FTA *FTA = Funds Transfer Account
9. KYC Types at Merpay
10. KYC in Action At Merpay
11. KYC and other Components
12. The platform KYC
13. KYC in and out
14. IDKYC
15. IDKYC (continued..)
16. eKYC
17. eKYC (continued)
18. KYC Requirements (FTA) • Full Name* • Date of Birth • Residence • Job Occupation • Purpose of the Transaction ( “Payment” => 商品・サービス代金決済のため ) *Full Name has to be written exactly like on the ID document.
19. 19 Thank you!