Peccala is a cryptocurrency investment platform that uses tokenized crypto Robo-investor services. Moving forward, Peccala’s users will be registered via iDenfy’s comprehensive 4-step ID verification process.
iDenfy argues that anonymous crypto purchases can lead to security issues because anonymity might facilitate money laundering activities. Therefore, the company believes in the necessity of Know Your Customer (KYC) regulations for the crypto sector, advocating for customers to validate their identity before or during transactions.
This approach aligns with the increasing need among financial institutions to secure digital identities. Peccala is no different; as it expands, adhering to these compliance standards becomes a significant challenge, but partnering with iDenfy may help overcome this obstacle.
Emphasizing Strong KYC
Peccala offers an automated crypto investment platform designed for those who prefer not to navigate the complexities of the cryptocurrency world. The company aims to provide a comprehensive suite of tools needed for crypto investing, including actively managed investment strategies that let users select their risk tolerance levels.
iDenfy’s AI-driven identity verification process includes four steps: selecting document type and country, capturing ID or passport photos, and taking a selfie. This streamlined onboarding can now be completed in less than a few minutes, as noted by the press release.
The Verifying Solution
iDenfy’s integrated ID verification solution helps prevent unauthorized registrations and suspicious identities from accessing Peccala’s platform. The company uses 3D liveness detection to create a facial map of users that can be used for blacklisting or finding duplicates. Its facial recognition technology also detects masks, deep-fakes, and other fraudulent attempts during the authentication process. iDenfy’s KYC business is certified under ISO/IEC 27001 standards.
A smooth onboarding experience remains crucial for Peccala’s growth strategy. By implementing a user-friendly KYC solution, they aim to enhance their user base.