Cryptocurrency KYC/AML Service Providers
Onfido is among the leading KYC/AML service providers, meeting the needs of companies operating within the financial and other sectors. The company employs an automated AI-based technology that assesses whether a user’s government-issued ID is genuine or fraudulent and then compares it against the individual's facial biometrics. The whole process is swift and requires no more than a couple of minutes. Onfido serves over 1500 clients, some of which include Revolut, Bitstamp, Nexo, Square, etc. Onfido was founded in 2012 by Husayn Kassai, Eamon Jubbawy, and Ruhul Amin. The company has offices in London, San Francisco, New York, Lisbon, Paris, New Delhi, and Singapore. It is backed by leading investors including Salesforce Ventures, Microsoft's Venture Fund, University of Oxford, and more.
Jumio is one of the most trusted identity and authentication solutions on the market. Jumio is a payment and ID software-as-a-service company that utilizes proprietary computer vision technology to reduce mobile/online payment and ID friction and fraud. Jumio points out that half of the top 10 consumer internet companies, along with hundreds of retailers, financial institutions, marketplaces, and gaming companies have adopted its products. Jumio's financial and crypto-related clients include HSBC, Coinbase, Monzo, and Krypto Commerce. The company was founded in 2010 and is backed by top-tier investors including Andreessen Horowitz, Citi Ventures, and Facebook co-founder, Eduardo Saverin. Over the years, Jumio has received numerous innovation awards from leading industry associations.
Signicat is a pioneering, pan-European digital identity company specializing in developing products for the world’s most advanced digital identity markets. The company's digital identity platform incorporates an extensive suite of identity verification and authentication systems, all accessible through a single integration point. The platform supports the full identity journey, from recognition and onboarding, through login and consent, to making business agreements. Signicat helps its customers adhere to regulations such as GDPR, AML, and KYC for the onboarding of new users and Anti-Terrorist legislation and regulations. Signicat serves companies from industries like insurance, banking, asset management, HR, and more. During the years, the company has received a number of awards.
Trulioo is a leading global identity verification provider aimed at helping businesses meet AML and KYC requirements. Trulioo claims that its technology encapsulates the strengths of traditional ID verification and implements the latest capabilities in online tech today. The team behind the project is dedicated to building a framework of trust online, developing best privacy practices, and advancing financial inclusion. The company serves hundreds of customers worldwide, including financial services providers, banks, payment providers, online gaming, online marketplaces, remittances, asset exchange platforms, and many more. Trulioo is backed by leading investors like Goldman Sachs, American Express Ventures, Citi Ventures, Santander Ventures, BDC, Tenfore Holdings, and Blumberg Capital.
IDnow is among Europe’s leading providers of KYC and electronic signing solutions. The company was founded in 2012 and started with the development of video identification for the German market. In May 2016 the IDnow video identification process was patented by the EU. Currently, IDnow's solutions guarantee legal security and the highest level of users' data protection for top companies from a variety of industries, including banks, insurance companies, telecommunications companies, automotive producers, fintech start-ups, and more. Among IDnow's clients are the likes of Commerzbank, UBS, Sixt Neuwagen, Telefónica, and N26.
Founded in 2014 by Charles Delingpole, ComplyAdvantage has developed a suite of configurable cloud services with seamless integration to help companies and organizations deal with financial crimes and ensure their compliance with AML policies and CTF regulations. ComplyAdvantage's tools also provide real-time financial crime insights to help their clients better identify who they are doing business with. Currently, ComplyAdvantage serves over 500 customers from more than 75 countries. Among its clients are the likes of Santander, Pockit, InPay, and more. During the years, the company has received a number of awards, including one for ‘Best Onboarding’ for its work on a project by Santander. ComplyAdvantage is backed by leading investors like Index Ventures and Balderton Capital.
IDology is one of the most established companies in the digital identity verification and authentication industry. The company was founded in 2013 in Atlanta, GA. IDology's core business is centered around the provision of innovative identity solutions combined with fraud prevention tools for organizations operating in a digital environment. The IDology platform’s real-time consortium network monitors and stops fraudulent activity while also driving revenue, decreasing costs, and meeting compliance regulations for clients from a variety of industries. IDology serves financial, medical, news, publishing, and other companies.
Veriff is a global online verification company founded in 2015 in Estonia. The company is focused on developing products and providing services that protect businesses and their customers from online identity fraud while adhering to KYC/AML policies. With the help of artificial intelligence, Veriff analyses thousands of technological and behavioral variables in seconds, verifying people from over 190 countries. Veriff serves a global portfolio of internet businesses including fintech companies, sharing economy providers and marketplaces in London, New York, San Francisco, Berlin, Vienna, and other major cities. Among the company's crypto and blockchain clients are the likes of Blockchain.com and Polybius' OSOM cross-platform asset manager. Veriff operates from its offices in Tallinn and New York.
Sum & Substance (or "Sumsub" for short) started operations in 2015 with the goal of developing AI-powered solutions that help identify customers, partners, and employees online, enabling organizations to better protect their users from fraud, avoid being caught in money laundering schemes (KYC/AML), and comply with identification requirements mandated by law. The company quickly managed to grow its team and clients to an extent that it now serves over 400 top-tier clients from a variety of industries. Among Sumsub's biggest customers are the likes of Mail.ru and Avito. The company also handles the KYC/AML procedures within a variety of blockchain and cryptocurrency startups, including Cryptopay, The Token Fund, Tokenbox, CoinPayments, Open Node, Changelly, and more.
Socure is a digital ID verification provider that uses artificial intelligence and machine learning to build solutions that help its clients cut fraud, reduce friction, and work only with reliable consumers. Socure's platform combines ML and AI with digital, offline, and social identity data to deliver robust KYC, identity verification, and fraud risk predictions. The solution is deployed across email, phone, online, address, IP, physical document, and traditional offline proprietary predictors to help clients better assess identity risk and substantially increase acceptance, reduce fraud losses, and optimize manual review authentication for transactions. The company was founded in 2012 by Sunil Madhu and Johnny Ayers. It is headquartered in New York with offices in San Diego, San Jose, and Chennai, India.
Shufti Pro is an AI-powered verification and authentication service aimed at helping companies fast-track customer onboarding procedures and meet their KYC and AML compliance needs. From its 2017 launch, Shufti Pro has provided state-of-the-art identity verification services with a precision rate of 98.67% and verification results within 30-60 seconds. Shufti Pro has expanded its identity verification services to businesses in more than 230 countries and territories. The company claims its goal is to provide a fusion of artificial and human intelligence to ensure better identity verification services than those existing on the market. Among Shufti Pro's clients are the likes of Cryptology, CryptoEngine, and Blockchain.com.
Founded in 2003, Veratad Technologies is among the most established and proven providers of online identity verification services. The company's digital identity verification solutions are designed to protect sensitive personal data and promote the highest level of consumer privacy. Veratad's services are trusted by both large and small-scale companies to reduce the risk of fraud, fight chargebacks, comply with financial regulatory requirements, provide a safer online experience, and act with a greater sense of social responsibility. The firm works with clients from many industries including blockchain and fintech, finance, e-commerce and retail, healthcare, and education. Veratad holds a variety of certificates from local and international organizations and governing bodies.
Founded in 2017, Blockpass is a self-sovereign identity portal and Regtech platform that uses Ethereum and smart contracts to offer shared regulatory and compliance services for corporations and individuals. In its initial phase, Blockpass was focused on serving clients mainly from the blockchain and cryptocurrency ecosystem. Over time, Blockpass started helping companies from a variety of industries comply with KYC and AML regulations and ensure the seamless onboarding of their clients. Among Blockpass' clients are the likes of Bitfinex, Polymath, Ethfinex, Coinfirm, Infinito Wallet, Tokeny, and many others.
RiskScreen has centered its business model around the development of smart technologies that help tackle financial crimes. The company offers a variety of services, including onboarding and electronic ID verification, screening, and customer lifecycle risk management. The company offers three different products that can work together or as standalone solutions. These include RiskScreen Core (for due diligence screening and customer onboarding procedures), RiskScreen Batch (for rapid risk-based automated customer batch screening), and Panoptic (for real-time risk intelligence and data analytics). RiskScreen serves clients from a wide range of industries - from banks, financial institutions, and blockchain companies to NGOs, charities, governments, regulators, and more.
Alloy is a New York-based identity operating service provider, founded in 2015. The company is focused on helping leading banks and fintech start-ups make better decisions using a single API and dashboard to manage KYC/AML, financial fraud, and more. Alloy's platform aims to make it easy for financial services companies and fintech enterprises to quickly and safely onboard and manage more customers, automating the vast majority of decisions, mitigating fraud and high-cost financial risk, and reducing the burden on back-office and manual review queues.
IdentityMind is a Palo Alto-based company, best defined as a creator of Trusted Digital Identities (TDIs). The firm is among the top service providers in the industry and offers a SaaS platform for online risk management and compliance automation. Its main goal is to develop and provide tools that help fight financial crime efficiently and inject integrity into the digital world. IdentityMind is considered a pioneer in the building of digital identities and has received many patents, awards, and global recognition over the years. The company has serviced over 150 ICO/STO clients and blockchain projects, including the likes of BurstIQ, CRYPTO20, DataBroker DAO, Xapo, and Coinme. IdentityMind was founded in 2013 and has offices in Beijing, Toronto, Mexico City, Los Angeles, and Luxembourg.
KYC-Chain is a B2B managed workflow application that enables organizations to better manage their end-to-end KYC processes for both individuals and corporate clients. The platform is designed as a compliance dashboard and white-label customer onboarding portal that helps companies perform due diligence on their customers in accordance with all CDD/AML/KYC requirements. The company's products have helped over 40 clients onboard more than one million users globally. KYC-Chain serves all types of clients - from established financial institutions and leading organizations to ICOs, cryptocurrency exchanges, digital banks, P2P lenders, and more. Among the platform's customers are the likes of Standard Chartered, Trade.io, Gatecoin, Airswap, Global Fidelity Bank, and more.
Cambridge Blockchain is blockchain-based identity management and compliance software provider focused on satisfying the needs of companies from various jurisdictions that are required to comply with AML and KYC policies. The distributed technology is designed to resolve the competing challenges of transparency and privacy, resulting in faster customer onboarding, lower costs, and enhanced compliance through a single and trusted view of customer reference data. Cambridge Blockchain has developed two products - IDBridge, an API-enabled solution for management of sensitive data, and Confidare, a user interface for IDBridge.
ZignSec is a Stockholm based RegTech company, founded in 2015. Its products are designed with the goal to automate the process of user identification and provide a real-time user-friendly solution that meets the needs of companies from a variety of industries. ZignSec's digital identity methods ensure complete compliance with AML, KYC, GDPR, PSD2/SCA, and other policies from jurisdictions from all over the world. Among ZignSec's clients are iGaming companies, funds, brokerage houses, pension companies, banks, eCommerce businesses, and more.
Established in Hong Kong in 2015, Know Your Customer provides digital onboarding solutions to financial institutions from all around the world. The founders claim that their main goal is to bring companies a state of the art platform and revolutionize the world of KYC compliance by fully digitizing and streamlining the onboarding process for both corporate and individual customers. Know Your Customer claims that its technology accelerates the time needed to onboard a new corporate client from an industry average of 26 days to 1 day, generating considerable savings for its customers. Through its offices in Hong Kong, Singapore, Shanghai, and Dublin, the company serves clients from a variety of industries, including banking, FinTech, insurance, payments, real estate, asset management, and more.
SingleSource is a decentralized risk scoring and identity platform focused on enabling secure, frictionless business transactions and eliminating fraud. The platform's main goal is to help service providers conduct business with only low-risk customers, but not at the expense of a long-lasting onboarding and verification procedure. SingleSource's eKYC service provides a compliant, frictionless, and easy onboarding experience by offering a solution that allows clients to share information selectively and securely with whoever they need. The SingleSource scoring system is dynamically generated in real-time, encouraging individuals to adopt positive behavioral changes to improve their risk score. Among SingleSource's clients are the likes of Proof Systems, Token Generator, Centrality, and more.
Beam Solutions is a popular cloud-based anti-money laundering (AML) compliance platform. The company was founded in 2016 with headquarters in San Francisco and another office in New York. The company supports customers across the United States and around the world by developing and supporting secure, rapidly deployable solutions that help organizations safeguard the financial system against criminal activity and protect themselves from reputational risk. Designed by compliance industry veterans, Beam’s platform includes transaction monitoring, KYC, sanctions screening, identity verification, suspicious activity reporting (SAR), and more. Beam Solutions works with cryptocurrency exchanges, custodians, wallet companies, investment advisors, and institutional investors.
WorldWatch Plus, formerly International Screening Solutions, is an AI-powered global risk information exchange platform serving highly-regulated industries, including banking, insurance, gaming, corporate compliance, blockchain, and cryptocurrencies. WorldWatch Plus provides a secure and easily-integrated compliance platform solution that significantly reduces screening costs and reputation risks while mitigating legal concerns. The company was founded in 2007 and, over time, has earned various awards, including Top 10 KYC Solution Provider by Banking CIO Outlook in both 2017 and 2018 and Top Innovative Company by the Technology Association of Georgia. WorldWatch Plus was also a finalist for KYC innovation by FinTech South (US) and RegTech Insights (UK).
SmilePass is an authentication platform that uses advanced biometrics to verify users' identities and reduce fraud. SmilePass' solutions are simple and highly secure and available to customers from all around the world. Launched in 2018 in London, the company claims that it has already been tagged as one of the top biometric tech companies in the UK. SmilePass works with companies all over the world to build secure and trusted communities. During the years, the company has received several awards and was recognized as a Global Innovator in Biometrics as a Service (Markets and Markets, 2017), nominated and shortlisted for Mobile and Security Innovation of the Year (National Technology Awards, 2018), and as a finalist for Business Innovation of the Year (Best New Business Awards, 2018).
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