ACCELERATED COMPLIANCE FOR VIRTUAL CURRENCY STARTUPS
Virtual currency is the future. You know that or you wouldn’t be in the business. And like many hot industries that are the future, virtual currency has been visited by the present - regulation. As a virtual currency company, you need to be fully-compliant with the current slate of AML and sanctions screening regulations in order to grow your business and stay away from fines. And, of course, there’s the risk of new online customers. IdentityMind can help.
IdentityMind is a risk and compliance platform that lets you see who's on the other end of the transaction. We have helped many of the top virtual currency companies automate their compliance, and reduce their fraud losses. We help you identify the good guys you want to do business with and the bad guys you want to avoid. And, we enable you to modify your risk process on the fly, adding in additional checks where merited so you can show the good guys the fast lane and the bad guys the exits. Use the IdentityMind platform as your main fraud and compliance system or use our API to layer our capabilities on your existing platform.
Our standards-based platform and knowledgable team can get can get you integrated and up and running, and processing payments as soon as possible.
Our eDNA™ technology, through machine learning, builds digital identities and analyzes them to provide a more accurate picture of risk, enabling better customer selection and fewer rejections of good customers. Our algorithms provide reputations for each entity tailored for the industry in which you do business.
We automate risk and compliance processes so that you don’t need an army to handle your high volumes. When you do need to escalate to a manual review, we’ll alert your team and create a case so that your analysts can handle it.
IdentityMind provides and integrated solution to achieve KYC, Transaction Monitoring for Anti-Money Laundering, Sanctions Screening and PCI Compliance
We'll work with you to find a starting payment plan that fits your business, even if you're just starting out.
Global identity validation
Risk scoring through machine learning
Automated, continuous transaction monitoring
Rules, alerts, cases
Configurable account dashboard for viewing reports, individual interactions and more
IdentityMind is the most powerful customer reputation source for Virtual Currency companies around the world.
One solution for Payments, and Risk+ Compliance (KYC, Transaction Monitoring, Fraud Prevention, Sanctions and PEP screening).
Expand safely as your business demands it. We worry about data storage, global coverage, performance, AML regulations, and the most flexible pricing model.
One integration gets you access to 20 partners for customer and business verification, document verification, device fingerprinting, and more.
Identity is critical to reducing risk and ensuring compliance in today’s digital financial services. Trusted digital identities help you Identify who is on the other end of the transaction and help you decide whether you should do business with them.
Ten terms that virtual currency startups need to know to stay in compliance.
AML requirements can present significant hurdles for start-up businesses... but the alternatives are worse.
Bitt uses the IdentityMind Global platform’s multiple services for validating international customers.