Phone-centric identity provider Prove has just entered into a multi-year agreement with Binance.US to improve Binance.US’ user verification process.
Prove’s mobile phone-based technology will be integrated into Binance.US’ user verification and onboarding processes. This strengthens the customer onboarding process and allows Binance.US to keep accommodating new customers swiftly and securely.
At Binance.US, our goal is to democratize access to digital asset ownership and facilitate simple and safe participation in cryptocurrency markets for all Americans. We selected Prove to help us achieve this goal after a rigorous evaluation and proof-of-concept test demonstrating Prove’s pass rates and ability to deliver seamless customer experiences.
Brian Reisbeck, Chief Compliance Officer at Binance.US
With Prove’s Phone-Centric Identity technology enhancing Binance.US’ verification process, users can become fully verified within 10 minutes with proper identification.
Prove’s technology verifies a potential customer using three key checks: possession, reputation, and ownership. These factors can altogether deliver powerful signal for more precise identity verification and higher pass rates.
Cryptocurrency moves fast and is on 24/7 – traders shouldn’t have to wait days or even hours to be able to trade. We applaud Binance.US for enabling the speed and customer experience their users are looking for by leveraging Prove’s solutions to make identity verification faster and easier.
Rodger Desai, Founder and CEO of Prove
The Phone-Centric Identity platform aids companies in fraud mitigation when accelerating revenue and lowering operating expenses (OPEX) across mobile, desktop, tablet, contact center, and in-store channels. Over 1,000 companies and over 500 banks trust Prove to keep their onboarding, digital servicing, call center, e-commerce, payments and compliance experiences secured.
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