2021-09-29 15:18:36
KYC PAY signs a partnership agreement with Identity Reusable KYC service to comply with regulations and fight money laundering and fraud risks. 29 September 2021: KYC PAY, a marketplace that connects more than 300 hundred financial services providers, signs a partnership agreement with Identity to provide its marketplace with breakthrough reusable KYC service to comply with regulation and fight money laundering and fraud risks.
KYC PAY being a marketplace that connects by one business profile more than 300 hundred financial services providers comes under the requirements of the AMLD5 directive and understands all benefits of KYC and AML checks. The partnership agreement between Identity and KYC PAY will commence by mid-Q1 2022, from the first day of iddt.io launch. Identity will make it possible to share the data of the verified users among the marketplace members by means of a reusable NFT token, to escape the hustle of numerous KYCs for a single client.
Commenting on this partnership, the executive of KYC PAY said: “We are delighted to partner with IDTT.IO
. We think that the product they develop is the perfect match for KYC PAY and marketplaces in general. We believe that our collaboration will improve transparency, reduce risks, and will bring us to the best compliance standards.” IDTT.IO CEO added: “Products such as KYC PAY are going to significantly benefit from the technology developed by the IDTT.IO allowing users to provide its KYC data to the number of partners on the marketplace. We are incredibly delighted to become partners with KYC PAY.” With the integration of the IDTT.IO verification service, all KYC PAY users will get a verified digital identity and will be issued a reusable NFT token. All providers of services on the KYC PAY marketplace will be able to use this data following the client’s approval without the need to verify the user again.
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ENDS—About KYC PAY:KYC-Pay TM, its Technical IT solution integrated with banks and financial companies in Europe and the Asian region. We provide by one profile access to more 300+ Banks, Fintech and Payment providers. Banks accounts or integrate an acquiring solution in one place with covering all world at KYC-Pay platform, after successfully passing the KYC-compliance procedure.
#IDENTITY Official links:
Website: https://idtt.io
Telegram: https://t.me/idttio
Medium: https://medium.com/@idtt.io/
Twitter: https://twitter.com/idtt_token
#KYC PAY Official links:
Website: https://kyc-pay.com
Linkedin: https://www.linkedin.com/company/kyc-pay-ltd/
Crunchbase: https://www.crunchbase.com/organization/kyc-pay
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