ZED Network Partners with IdentityMind Global to Deliver KYC and AML Compliance to Money Transfer Operators Worldwide
July 30, 2018
IdentityMind Version 2.0 Platform Will Help ZED Network Meet Compliance Requirements for MTOs
PALO ALTO, CA. July 30, 2018 – Integrated global payments platform ZED Network today announced a strategic partnership agreement with IdentityMind Global™, Digital Identities You Can Trust, whereby ZED Network will use IdentityMind Global’s Version 2.0 platform to meet know your customer (KYC) and anti-money laundering (AML) compliance requirements for ZED Network Money Transfer Operators (MTO) worldwide.
“We’re pleased to work with an innovative company like ZED Network that has created a comprehensive money transfer platform for global, small to medium-sized MTOs so that they can effectively compete against larger MTOs,” said Garrett Gafke, CEO, IdentityMind Global. “We have a successful track record of working with ‘breakthrough’ companies like ZED Network to help them grow rapidly and scale while remaining compliant.”
“Partnering with IdentityMind helps streamline the KYC and AML process for MTOs, regardless of their jurisdiction,” said Alan Safahi, Founder and CEO of ZED Network. “We look forward to a successful collaboration with IdentityMind.”
MTOs using ZED Network will be required to perform KYC validation for each remittance sender and receiver using IdentityMind. Leveraging IdentityMind Global’s Version 2.0 platform, ZED Network will also target accredited investors in the U.S., Canada and several other countries and conduct KYC on each ZED token investor.
IdentityMind was recently named the recipient of two top industry awards: CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.
- Video: IdentityMind 2.0 Intro Video
- June 6 Webinar: IdentityMind 2.0: How Our Clients Helped Us Shape Transaction Monitoring
- Web: Superior AML
- Guide: KYC Compliance Fundamentals
- Guide: Identity Proofing and Corroboration
About ZED Network
ZED is a compliance-friendly solution enabling Money Transfer Operators (MTOs) to join a global blockchain powered remittance internetwork to rapidly scale their businesses. ZED offers a “Platform-as-a-Service” built on a distributed ledger that reduces costs and transaction friction for small-to-medium-sized MTOs. Unlike the current centralized bank-dependent SWIFT system, ZED Network members join a blockchain-based, peer-to-peer, global, distributed network of licensed money transfer operators to create a faster, cheaper, and more transparent money transfer network. For more information, please visit https://www.zed.network/.
About IdentityMind Global
IdentityMind Global, Digital Identities You Can Trust, provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. Built-in transaction monitoring enables e-commerce fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF). Our patented eDNA® technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google+.
© 2018 IdentityMind Global. All rights reserved. IdentityMind Global and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
IdentityMind Media Contact:
Dan Rampe, Director of Corporate Communications
Email: [email protected]
ZED Network Media Contact:
Email: [email protected]