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Identity verification service Blockpass advances its KYC solution with Smart Engines
Blockpass is positioned as a fully automated cloud-based comprehensive KYC-as-a-service with no required integration or setup cost. Businesses that use Blockpass gain KYC, AML and Face Match capabilities that are simple, quick, and maintain user privacy and control. Through a one-click compliance gateway, the solution verifies identities of users that perform any activities associated with regulated transactions, such as: buying tokens, or gaining access to the public, financial, insurance services, as well as to third-party providers. The application is used to onboard users to crypto and hybrid trading platforms, including Waves, Ethfinex, or Legacy Trust.
To create a digital profile (also referred to as a unique access key), the user is required to provide their personal data, which can now be acquired automatically and instantly by its extraction from the identity document.
"We are constantly looking for ways to improve the usability of the Blockpass App," said Blockpass CEO Adam Vaziri. "With the addition of Smart Engines, verifying your identity has never been easier. This great tool allows for seamless addition of identity documents reducing the friction and complexity of completing your KYC."
The transition to Web 3.0 format, as well as the shift to the omniconnection mode, imposes special requirements on the systems that automate the personal data input in terms of how that data is being stored and processed. Smart Engines technologies allow to reduce the risks associated with data leakage to a minimum, as well as the time required to create an online profile.
About Blockpass IDN
Blockpass offers digital identity verification for businesses that participate in regulated industries, including crypto wallets and exchanges, virtual banks, traditional financial institutions and gaming. Blockpass provides an alternative process to cumbersome, repetitive and expensive Know Your Customer (KYC) and Anti-Money Laundering (AML) verification through an easy-to-use mobile application and seamless merchant dashboard. For individuals, Blockpass is a secure, user-centric gateway to financial services and other regulated offerings, allowing one click KYC submission. Blockpass alleviates the pain of opening new accounts and redoing KYC over and over. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things.
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