What is Know Your Customer - Solidgate

Know Your Customer


Know Your Customer (KYC) is a regulatory requirement and process employed by financial institutions and businesses to verify and authenticate the identity of their customers. The primary objective of KYC is to prevent financial crimes such as money laundering, fraud, and terrorist financing by ensuring that businesses have a thorough understanding of their customers.

KYC involves collecting and verifying customer information, including personal details, identification documents, and proof of address. This information is used to assess the risk associated with a customer and to comply with regulatory obligations. KYC processes are an integral part of customer onboarding, account maintenance, and transaction monitoring.

Leveraging technology, businesses implement robust KYC procedures to enhance security, maintain regulatory compliance, and contribute to the overall integrity of the financial ecosystem.


Start accepting payments today

Let’s discuss your business needs and we'll give you better fees and conversion rates than you have with your current payment provider.

    By clicking "Get in touch" you agree to our Privacy Policy

    Thank you

    Thank you

    We will contact you shortly. If you have any further questions, please contact us at sales@solidgate.com