• Prove Identity Inc. has partnered with Bitstamp, the world’s longest-running cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process.
• Prove’s Pre-Fill solution will prefill online applications with bank-grade data from authoritative sources and authenticate consumer identities to thwart account opening fraud.
• The partnership between Bitstamp and Prove will provide users a faster, easier, and more secure sign-up process, allowing customers to be onboarded in under a minute.
Prove Identity Partners with Bitstamp USA
Prove Identity Inc., the leader in digital identity, has announced a partnership with Bitstamp, the world’s longest-running cryptocurrency exchange. The goal of this partnership is to further strengthen security and compliance controls while also expediting user onboarding processes.
Prove’s Solutions Bolster Bitstamp USA’s Compliance
The integration of Prove’s solutions into Bitstamp US systems will enable users to streamline account openings and registrations while meeting the highest levels of compliance and security through its Pre-Fill onboarding solution. Powered by the Prove Identity Network (PIN), this system expedites the digital onboarding process by pre-populating application forms with verified identity information tied to a phone number, while mitigating fraud through its patented industry-leading identity framework.
Onboarding Process Streamlined for Customers
Bitstamp US customers will benefit from a faster, easier, and more secure sign up process as Proves Pre-Fill solution prefills online applications with bank-grade data from authoritative sources which allows for authentication of consumer identities to thwart account opening fraud such as synthetic identity fraud. Furthermore; information is auto filled in a privacy enhanced fashion only with customer consent resulting in an efficient onboarding process that can take under one minute per customer.
Bitstamps Mission To Curtail Fraud
Bitstamps Chief Compliance Officer Thomas Hook stated that “As the longest running crypto exchange serving millions of users; BitStamps has always been fully committed to regulatory compliance and curtailing fraud on our platform.“ With Proves Pre Fill they can now have an industry leading user experience that is both efficient and secure all while maintaining their mission of accelerating KYC processes with high levels of platform safety .
Proves Commitment To Provide Safer Experience
Head of Crypto at Proves , Joon Pak said “BitStamps adoption of Proves Pre Fill underscores their commitment to providing users a safer faster experience.“ With their solutions anyone can now become part of the crypto community quickly all while being protected by industry leading security measures .