KYC-Chain is proud to announce several exciting developments, including our new Ongoing AML feature and partnerships with digital asset market makers Darkpool Ventures and blockchain-based MMORPG ForgottenChain.

Switzerland has long been associated with banking and finance and has recently adopted progressive legislation for regulating crypto companies. Crypto companies seeking to do business in the country need to comply with its national FINMA regulations, which include stringent AML and CFT measures. By using advanced automated KYC solutions like KYC-Chain, crypto companies can do business safely and efficiently in this global crypto hotspot.

Signing up for a bank account or healthcare service is not what most people would describe as “fun”, but something that they simply need to do. The challenge for businesses is to make the process as coherent, simple and intuitive as possible, in a way that doesn’t frustrate customers to the point of abandonment. By using a KYC onboarding platform that has been designed with Customer Experience in mind, businesses can go even further – building trust and appreciation among their customer community while decreasing dropout rates.

Businesses waste countless hours and resources carrying out KYC using fragmented, manual processes. By using an integrated approach to KYC, businesses can quickly gain access to uniform and clearly understandable data on their potential customers and their risk profiles.

Passive Liveness determines whether a single frame in a captured and/or submitted selfie image or video is genuine. It brings some key advantages for KYC processes, including more robust fraud prevention and seamless customer experiences.

We’re happy to announce an exciting range of new partnerships: companies from industries as diverse as private wealth management to crypto projects and remittance companies are using customized KYC-Chain workflows to secure their onboarding process and scale efficiently.

ICOs have presented a new and powerful way for companies and projects to raise funds to fuel their growth. However, the space is also highly vulnerable to fraud and exploitation by financial criminals. Implementing effective and efficient KYC on potential ICO investors can build trust, expand investor pools and ensure compliance with fast-evolving regulations.

The emerging PropTech sector is revolutionizing real estate investment by leveraging blockchain technology to tokenize real estate assets. Although the new approach is opening up the sector to new investors, it may be especially vulnerable to exploitation for money laundering and other illicit financial activity – if robust KYC and AML measures are not properly implemented.

Passive Liveness is a new verification technology that can accurately identify if a person undergoing a selfie or video screening is the same individual presented on the ID document they upload. KYC-Chain is excited to announce the introduction of Passive Liveness in our end-to-end onboarding tool, further strengthening the anti-fraud and compliance toolkit.