Nocks, a European blockchain-based payments platform, has selected mobile imaging software developer Mitek’s Mobile Verify solution to achieve anti-money laundering (AML) and know your customer (KYC) compliance.
Using Mitek's algorithmic-based checks, new Nocks users can scan their passport or ID card using their smartphone for real-time identity verification.
Nocks co-founder Roel Boer said: “By integrating Mitek’s technology in the early stages of our registration process, we can ensure that all required identity verification is done upfront, allowing us to quickly and securely unlock all payment options for our customers.
“Having a fully compliant sign-up process makes our platform safer as it helps protect us and our users from potentially fraudulent transactions.”
Mitek general manager of identity business unit said Sarah Clark said: “As new digital payment platforms and innovative financial services gain acceptance; Mitek’s Mobile Verify provides the necessary tools to help them achieve compliance while delivering an exceptional user experience.”