[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
   

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2. Agenda
   01 About KYC
   02 KYC Types
   03 KYC in action (at Merpay)
   

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3. About KYC
   

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4. KYC - A Guideline
   Risk Identification
   Identity verification
   Prevention from Money
   Laundering/ Frauds
   

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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.
   

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6. Why KYC? (continued..)
   Maintain Mutual business trust
   

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7. KYC Types
   

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8. Ways to do KYC
   Legally compliant
   to open FTA
   Legally non-compliant, not
   sufficient for opening FTA
   *FTA = Funds Transfer Account
   

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9. KYC Types at Merpay
   

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10. KYC in Action At Merpay
    

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11. KYC and other Components
    

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12. The platform KYC
    

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13. KYC in and out
    

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14. IDKYC
    

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15. IDKYC (continued..)
    

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16. eKYC
    

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17. eKYC (continued)
    

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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.
    

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19. 19
    Thank you!
    

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