Glossary

Glossary

KYC (Know Your Customer)

Identity and background verification processes required before financial transactions.

Know Your Customer (KYC) refers to the identity verification and due diligence procedures that financial institutions and regulated market participants must perform on clients and counterparties. In private capital markets, KYC extends to verifying founders, investors, and fund managers before capital changes hands. SEBL digitizes KYC workflows — including Fayda ID verification — so participants meet compliance expectations with consistent, auditable records.

See also