• Prove Identity, Inc has announced a partnership with Bitstamp USA to further strengthen its security and compliance controls.
• Prove’s Pre-Fill solution will prefill online application forms with verified identity information while mitigating fraud.
• The solution modernizes the account opening process by shaving off clicks and keystrokes that limit conversions and can onboard customers in under a minute.
Prove Identity Partners with Bitstamp USA
Prove Identity, Inc. has announced a partnership with Bitstamp, the world’s longest-running cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process.
Pre-Fill Solution
Powered by the Prove Identity Network (PIN), Prove’s Pre-Fill solution prefills online applications with bank-grade data from authoritative sources, and authenticates consumer identities to thwart account opening fraud, such as synthetic identity fraud. Consumers benefit from a faster, easier, and more secure sign-up process, and information is auto-filled in a privacy-enhanced fashion only with the customer’s consent.
Streamline User Onboarding Process
The Pre-Fill solution streamlines the digital onboarding process by pre-populating application forms with verified identity information tied to a phone number, while mitigating fraud through its patented industry leading identity framework. This helps expedite account openings and registrations for Bitstamp US users while meeting the highest levels of compliance and security required for crypto exchanges.
Shaving Off Clicks & Keystrokes
The solution modernizes the account opening process by shaving off clicks and keystrokes that limit conversions, which can onboard customers in under a minute. This allows users to become part of the crypto community quickly while also knowing they are being protected by secure measures taken against fraud on the platform.
Commitment to Security & Compliance
Bitstamp US Chief Compliance Officer Thomas Hook comments on their commitment to providing users a safer experience: “Our mission is to streamline each customer’s onboarding experience and accelerate the KYC process while maintaining the highest levels of platform safety.” With Prove Pre-Fill this goal is achieved as it provides “best in class user experience that is both efficient and secure” according to Joon Pak at Prove Identity Inc..