IdentityMind Global is a fellowship that bargain amongst Bitcoin inward a less straight agency that is all the same of import nonetheless. Instead of introducing a novel Bitcoin technology, IdentityMind Global industrial plant on issues that come upwardly amongst accepting Bitcoin similar money laundering and KYC issues. “We are impacting too neutralizing around of the nearly pressing issues facing our gild too the fiscal ecosystem including Money Laundering, Transactional Fraud too boarding risk/Know Your Customer (KYC).” IdentityMind Global inward a press unloose May 26, 2015, announced version 1.19 of their Fraud Prevention too Risk Management platform that, amidst other products, is their flagship.
According to MicroMarketMonitor, such a marketplace for products similar IdentityMind’s that tin assistance trouble concern foreclose fraud too discourage anti-money laundering is increasing amongst an increasing number of transactions occurring online cheers to the evolving stair of technology.
“MicroMarketMonitor expects the global fraud detection & prevention too anti money laundering marketplace to grow from $9,622.8 1000000 inward 2014 to $21,441.4 1000000 past times 2019, at a CAGR of 17.4% during the catamenia nether consideration.”
Version 1.9 of this platform also brings amongst it the IdentityMind dominion engine 2.0, which allows lead a opportunity analysts to spot too conform to real-time potentially risky situations. What’s nearly of import for users interested inward Bitcoin is that the novel engine uses a characteristic laid upwardly based on sense working amongst digital currencies on move past times of the traditional fiscal institutions such every bit banks too payment service providers.
“Digital Commerce continues to progress, too these businesses too fiscal institutions are facing an evolving spectrum of lead a opportunity challenges… Digital commerce at ane time combines money transfers, trouble concern human relationship creation for digital wallets, choice payment methods, provisioning, too remittances, to cite merely a few. We’ve stepped ahead to practise the platform these professionals require to educate cutting border programs, give away unseen lead a opportunity across all applications too channels, too adjust their programs to protect both their establishment too customers inward existent time.”
Additional features introduced inward version 1.19:
- Ability to segment policies based on the consumer’s lead a opportunity profile too the inherent lead a opportunity of the application.
- Separate controls for the mobile channel, including designated fraud prevention too lead a opportunity administration capabilities designed specifically for Mobile applications.
- Data prioritization – Redesigned analysis tab layout improving information review efficiency past times 35%
- Enhanced automated review processes to cut manual reviews past times 20%
With digital currencies legality inward a gray area, solely at ane time are nosotros seeing the slightest trickles of rule seeping in. IdentityMind Globals platform is a solution that may jibe your needs if y'all are looking to remain 100% AML and KYC compliant spell looking to maintain an border past times integrating cryptocurrency into your company.
Original Press Release seen here Media Source: IdentityMind Global