Similar to Know Your Customer (KYC) programs that financial institutions implement, Know Your Vendor (KYV) is used to manage vendor risk. With vendor fraud on the rise, assessment of vendor relationships is not a luxury for large organizations. Accurate reviews and assurance that vendors are legitimate are more critical now than ever before.
In this eBook, learn more about this type of program, common types of vendor fraud, and how to verify vendors and assess risk using Fraud.net's suite of AI products.
Highlights include:
- How automated Know-Your-Vendor solutions works to your advantage.
- The scope of the issue (why you're more likely to become a vendor fraud victim than you think).
- 5 steps to vendor verification in minutes.
- The problem with conventional KYV approaches.
- And more!
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