Crypto Compliance: AI-Powered Biometrics for Identity Proofing
by LCX Team · September 24, 2020
AI Powered Biometrics for LCX’s Crypto Compliance Suite to Enable Real-Time Identity Proofing, Protection Against Deepfakes and Image Spoofing…
Today we are announcing a key partnership for our LCX’s Crypto Compliance Suite. Artificial Intelligence powered Biometrics enables us implement real-time identity proofing. As part of our commitment to build solutions of the next growth wave of the crypto industry, this system will improve our registration process and enable protection against Deepfakes and Image Spoofing.
BioID is a German biometrics company, founded in 2007 in Erlangen and originated from the German research institute Fraunhofer IIS.
“With more than 20 years on the identity verification market, we see great synergies with our partner LCX, who demonstrates remarkable innovative strength to cater the need for regulatory compliance in the professional crypto market,” says Ho Chang, BioID’s CEO.
LCX’s compliance suite now includes facial recognition and liveness detection technologies from BioID. The introducing of an advanced identify proofing system for our Know Your Customer #KYC identification aims to improve crypto compliance and streamline the user experience.
Why Do We Partner With a Biometrics Company?
We’ve experienced a growth of LCX Terminal, increased usage of LCX Accounts and strong interest for our STO Launchpad. In the past months we have developed a new crypto compliance suite to improve our #AML and #KYC technology system, including #KYT on-chain analytics and surveillance for all crypto deposits and withdrawals.
BioID is the leading player in face liveness detection for assured user presence and offers the best anti-spoofing technology for facial recognition by any standard camera.
Partnering with BioID, enables us to improve our due diligence processes by combining deep learning-based technologies for ID authenticity check, biometric verification and liveness detection.
Test it Yourself.
Register at LCX.com now and verify your account to experience our smooth and simple on-boarding process yourself.