KYC needs to evolve in the same way payments did
KYC is evolving beyond onboarding. As fraud grows more sophisticated, payments firms are shifting towards continuous, risk-based identity verification.
June 9, 2026
KYC is evolving beyond onboarding. As fraud grows more sophisticated, payments firms are shifting towards continuous, risk-based identity verification.
The PAY360 Awards 2026 shortlist is here. Discover which companies have made the cut across 21 categories, judged by over 70 independent industry experts.
Sumsub’s new guide explores how KYC is evolving in 2026, from AI-driven fraud prevention to reusable identities and continuous risk monitoring.
As payments accelerate, fraud prevention is becoming central to operational resilience, helping institutions keep legitimate transactions moving. For years, fraud prevention was treated as a defensive function. The job was
iFAST Global Bank has launched SEPA Instant and SCT services, expanding its European payment capabilities for businesses and financial institutions.
As digital money evolves, regulators and industry leaders are focused on preserving cash, choice, resilience, and financial inclusion.
LSEG’s Global Account Verification service helps organisations verify payee details, supporting safer cross-border payments and compliance.
Paysafe will host a London rooftop event exploring platform growth, embedded payments, and regulatory challenges with industry leaders.
UK crypto firms will need FCA authorisation by October 2027, with applications opening in September 2026 for regulated activities.
The UK’s Payments Forward Plan outlines major regulatory changes across payments, cryptoassets, Open Banking, and safeguarding through 2027.
The FCA has outlined new priorities for payment firms, focusing on innovation, consumer protection, operational resilience, and safeguarding.
HM Treasury plans to bring stablecoins into UK payments regulation as part of wider reforms to modernise digital payments.
Agentic payments could reshape online commerce, but AI-driven transactions raise new legal, regulatory, and authentication challenges for providers.
Political change, financial risk, and emerging technologies are reshaping payments regulation as firms prepare for major reforms in 2026 and beyond.
The UK’s new cryptoasset regime will regulate qualifying cryptoassets and stablecoins under FSMA from October 2027.
Torus and SRM will host a webinar on improving acquiring profitability under IC++ pricing models.
Endava, the technology-driven business transformation group whose AI-native approach combines cutting-edge technology with deep industry expertise, recently announced a strategic partnership with Tyl by NatWest, NatWest Group’s merchant-payments arm, to
Edenred Payment Solutions will host a webinar exploring how retailers can scale and optimise prepaid gift card programmes in 2026.
Stablecoins could reshape B2B payments, but adoption depends on trusted infrastructure, interoperability, and regulatory clarity.
Vivox AI is helping financial firms improve KYB and AML operations through AI-driven onboarding and compliance workflows.
The FCA’s PS26/2 introduces stricter incident reporting obligations for payment firms from March 2027.
Worldline is promoting passkeys and passwordless authentication to strengthen security and reduce fraud in banking.
Europe’s payments sector is entering a strategic shift shaped by AI, digital assets, interoperability, and payment sovereignty.
Worldline is using AI to help investors analyse annual reports faster, reducing costs and improving financial insight at scale.
Worldline has joined GASA to strengthen fraud prevention through shared intelligence, AI, and coordinated industry action.
ComplyAdvantage has launched AI-native payment screening tools to improve sanctions detection, speed, and compliance efficiency.
FCA reviews show many payments firms still have weak wind-down plans, highlighting the need for stronger governance, funding and exit readiness.
Cross-border businesses increasingly need payment platforms that combine transparency, compliance, and simplicity to build trust globally.
UK merchants expect agentic commerce to grow rapidly, but uncertainty around liability, fraud, and standards is slowing readiness.
Paymentology has secured a $175 million investment to accelerate global growth, platform expansion, and payment innovation.
Attenda is evolving into a payment orchestration platform to expand payment flexibility, control, and scalability across Europe.
For SMEs, cash remains essential for resilience, liquidity, and inclusivity as digital payments still bring costs, delays, and dependency risks.
Digital wallets, open banking, and instant payments are reshaping competition as banks fight to retain customer ownership and engagement.
The UK’s new crypto regime will extend FCA oversight to many overseas firms, reshaping how they access and serve UK customers.
Cross-border payments remain costly and unpredictable for SMEs, despite advances in payment technology and real-time infrastructure.
Dialect and RTGS.global partner to deliver 24/7 customer support for real-time cross-border settlement, enhancing reliability and client experience globally.
Payments isn’t converging on one trend. New data shows a market split between AI ambition, cross-border growth and mounting operational pressures.
DECTA earns UK FinTech Awards recognition for its hands-on partnership model, helping fintechs scale and deliver better SME payment solutions.
Fraud is not just financial loss but a confidence shock, driving lasting behavioural change, eroding trust, and quietly slowing digital finance adoption.
Financial institutions are modernising core systems in stages, using cloud-ready platforms and phased migration to scale operations while maintaining continuity and control.
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Ahead of 7 May 2026, payments firms face a shift from deadline compliance to sustained FCA scrutiny, with data-driven supervision set to reshape outcomes.
How new compliance architectures can restore trust and transparency to the correspondent banking business and create revenue opportunities.
payabl. launches Click to Pay with Visa, enabling faster, tokenised checkout that boosts approvals, reduces fraud, and cuts friction across online payments.
European Securities and Markets Authority oversight signals a shift for EMIs, as standardised reporting demands stronger data infrastructure, governance, and technical readiness.
Paysafe launches PaysafeWallet, a digital wallet with IBAN accounts and cards, connecting cash users to seamless everyday digital payments across Europe.
SRM appoints Ian Povey to its International Advisory Board, adding deep payments expertise to guide strategy as global infrastructure modernisation accelerates.
Agentic commerce is emerging as a payments strategy, with banks expected to provide trusted execution, controlled delegation, and robust fraud and consent safeguards.
