Spanish-based crypto-currency specialist Krypto Commerce has chosen Jumio to provide know your customer (KYC) and anti-money laundering (AML) verification services for its new product, the PoolMiners Card.
The PoolMiners Card is a prepaid debit card that uses crypto-currencies such as Bitcoin. The new card can be used at more than 100,000 merchants that accept crypto-currencies worldwide.
The card is an online-only product, with no physical branches, are IDs are checked prior to the opening of an account. Jumio’s Netverify solution will help validate IDs and fulfil the required KYC and AML laundering checks. Customers must scan their passport with their mobile device to verify themselves.
Ruben Arcas, project director at Krypto Commerce, said: “Compliance and security are critical to our proposition, but equally, we don’t want to have a clunky verification system that doesn’t provide a good user experience. Netverify is absolutely perfect for our needs and will provide the level of customer service and experience that we want our cardholders to enjoy at every stage of their relationship with us.”
Latest News
-
Financial Data Exchange becomes first US Open Banking standard setting body
-
BlackRock quits climate alliance as Wall Street retreats from environmental stance
-
Nomura names new international wealth management operations chief in Singapore
-
Latin American payments platform dLocal wins UK licence
-
British financial sector optimism falls at fastest rate since 2022 amid Budget concerns
-
TransUnion to buy Monevo
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories