With the rapid advancement of technology, particularly AI, in recent times, the risks associated with identity fraud are on the rise. Recent user profiles are becoming increasingly sophisticated and prone to falsification. In response to this challenge, Remitano has introduced comprehensive enhancements to its Know Your Customer (KYC) procedures and methods to ensure maximum accuracy, thereby thwarting any suspicious activities and ensuring safety and trust for all its users.
KYC, or Know Your Customer, refers to the process of verifying the platform's customers. It is the initial KYC stage used to assess customers in AML processes. When a new user wants to register on the trading platform, KYC procedures are conducted to accurately verify their identity. This allows trading platforms to determine the risk value posed by customers based on their suspicious financial activities.
6 New KYC Verification Methods Developed According to International Standards
Remitano has developed 6 new KYC verification methods that are smart and accurate to every detail according to international standards, including the popular and effective eKYC method in recent years, aiming to enhance the authenticity and reliability of user profiles. These methods not only ensure effectiveness in identity verification but also establish a solid foundation for a secure trading environment.
*Application of Liveness Verification and Anti-Fraud Technology *
Remitano employs biometric recognition technology (liveness verification) and anti-fraud technology from major partners to prevent deceptive actions utilizing AI or Deepfake technology. These technologies enhance the accuracy and verification capabilities of user profiles, promptly identifying profiles with tampering and thwarting sophisticated forms of falsification.
Applying Multi-Level KYC According to Transaction Needs
We have established a KYC system with 5 different levels, making it easy for new users to access and initiate transactions. Additionally, this system ensures stricter risk management at higher KYC levels and for higher-value transactions. This strategic approach creates favorable conditions for participating in transactions while maintaining absolute safety for all users on Remitano.
With technology evolving at lightning speed, the risk of impersonation and fraud is also becoming more sophisticated. Nevertheless, the KYC team at Remitano is prepared to confront this challenge and continuously innovate to maintain the security of our trading environment.
Remitano is committed to ceaselessly improving the security and trustworthiness of its platform. Through ongoing adoption of advanced technology and collaboration with reputable partners, Remitano provides a reliable cryptocurrency trading environment where users can confidently trust the security of their information and transactions.
