Cryptocurrency Exchange CoinZoom Selects Acuant’s Mobile Solution to Meet Know Your Customer (KYC) Regulations

Cryptocurrency Exchange CoinZoom Selects Acuant’s Mobile Solution to Meet Know Your Customer (KYC) Regulations

U.S. Regulated Crypto Exchange Turns to Acuant’s Trusted Identify Platform for Advanced, User-Friendly KYC and Identity Verification Solutions

Acuant, a leading global provider of identity verification, today announced that CoinZoom, a U.S. regulated cryptocurrency exchange, is using Acuant’s all-in-one Trusted Identity Platform for automated identity verification and compliance to manage fraud and meet Anti-Money Laundering (AML) regulations.

CoinZoom is an institutional grade digital currency trading platform that offers services to buy, sell and trade Bitcoin, Ripple, Ethereum and other top digital currencies. The company combines decades of global exchange and trading experience with financial technology security expertise to deliver a reliable, safe, compliant and innovative digital currency exchange.

“CoinZoom makes digital assets available across the globe through a secure and compliant exchange,” stated Chuck Christofilis, general counsel and Chief Compliance Officer at CoinZoom. “We prioritize the security of our customers’ funds by conforming to the most rigorous industry standards. Every online and mobile app customer must pass KYC and with Acuant’s deep international and blockchain experience, we have confidence in using its industry-leading KYC solution to help us stay compliant, beat fraudsters and still provide a great customer experience.”

CoinZoom is integrating Acuant Complianceformerly IdentityMind, for onboarding, sanctions screening and authorization to ensure that transaction parties are meeting KYC regulations. The KYC workflow engages Acuant Verify, and its library of 6,000 documents from more than 200 countries and territories, to provide best in class document verification. Continuous updates to the ID library ensure that CoinZoom has a solution that automatically passes more good customers globally and reduces manual review. CoinZoom also leverages Acuant’s proprietary electronic DNA (eDNA™) technology to securely analyze and verify digital identities for re-use and to flag patterns that may reflect fraud.

“CoinZoom is an exciting modern exchange that is bringing new digital assets to the masses,“ said Yossi Zekri, President and CEO of Acuant. “With the rapid rise of online and mobile transactions occurring around the globe, CoinZoom has turned to Acuant for automated KYC to increase operational efficiency and keep pace with their growth goals, while still delivering an amazing customer experience. We are thrilled to deliver on this.”

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