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NewProducts

Achieve AML, KYC with advanced

compliance, ID verification

• Use up-to-date tech: Passbase clients can stay up to
date with evolving global compliance requirements us-
ing solutions that Passbase crypto, regulatory and com-
pliance experts continuously vet and update.
Advanced, intuitive technology
Passbase said its identity verification technology authenti-
assbase, an identity verification infrastructure cates a user's identity by requiring them to upload govern-
company, created the Passbase policy system, ment-issued ID, and then take a video selfie that matches
describing it as a compliance and identity veri- their face with the face on the user's ID while simultane-
P fication solution with verification flows that cli- ously using liveness detection to confirm they are physi-
ents can customize in accordance with their KYC and AML cally present when seeking account access, the company
policies. The solution supports numerous industries, geog- stated. Passbase representatives pointed out that the Pass-
raphies, and risk profiles, helping all types of businesses base platform includes an intuitive self-service dashboard
stay ahead of anti-money laundering (AML) schemes and to help clients simplify compliance, and the platform is
aligned with know your customer (KYC) compliance, the easy to manage, which enables businesses of all kinds to
company stated. expand into jurisdictions that require different AML pro-
cedures. In addition, they added, the company's advanced
Dave McGibbon, CEO and co-founder at Passbase, af- technologies are continuously updated in response to ever-
firmed the company's mission of providing a privacy-first, changing threats and AML regulatory trends.
security-first online experience, stating, "[T]hat's why we've
designed our platform to be easy for businesses and end Passbase emphasized that its cybersecurity platform makes
users to use while adhering to the strictest cybersecurity it easy for clients to become and remain AML compliant in
guidelines." The Passbase policy system complements the a constantly changing regulatory environment, as the com-
company's technology suite while simplifying KYC policy pany keeps a close eye on the AML regulations and actively
management, McGibbon noted, adding that it helps compa- works to keep companies' security procedures aligned with
nies understand and implement compliance across differ- standards.
ent markets. Partnership opportunities

Simple, easy integration
Passbase works with ISOs and sales channel partners, the
Passbase representatives pointed out that Passbase's policy company noted, helping them build trust with their cus-
system and identity verification solutions are easy to in- tomers. While an increasingly digitized financial sector of-
tegrate into businesses' existing infrastructures. The plat- fers consumers huge benefits by increasing the speed and
form can be set up and customized across multiple devices efficiency of transactions, the higher risk of fraud causes
and operating systems in less than a day without coding, many individuals to hesitate before making purchases, the
they stated. company noted.

Passbase, founded by cryptocurrency entrepreneurs, has Robust security practices are key to securing consumers'
a deep understanding of web3 infrastructures and offers trust, and establishing trust will make merchants more
security services for fintech, crypto, gaming/gambling, and likely to take advantage of other services offered by ISOs
other platforms, the company noted. Describing Passbase's and sales channel partners, McGibbon stated.
policy system as a comprehensive platform, Passbase said
it holistically manages all aspects of compliance while pro- "We aim to build trust with our clients so that they can, in
viding the following features and benefits: turn, build trust with theirs," McGibbon said. "The stronger
this shared sense of trust, the sooner we will see massive
• Scale your business fast: Passbase clients can imple- positive changes to the way we conduct business online."
ment solutions without worrying about KYC. The com-
pany works with regulators and compliance officers to
help alleviate the burden from client teams. Company: Passbase
• Reduce complexity Passbase clients can focus on busi- Product: Passbase policy system
ness priorities while Passbase stays ahead of the ever- Website: www.passbase.com
moving target of compliance.
Contact: sales@passbase.com

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