Cryptocurrency Exchange CoinZoom Selects Acuant's Mobile Solution to Meet Know Your Customer (KYC) Regulations

LOS ANGELES, Sept. 30, 2020 /PRNewswire-PRWeb/ -- Acuant, a leading global provider of identity verification, today announced that CoinZoom, a U.S. regulated cryptocurrency exchange, is using Acuant's all-in-one Trusted Identity Platform for automated identity verification and compliance to manage fraud and meet Anti-Money Laundering (AML) regulations.

CoinZoom is an institutional grade digital currency trading platform that offers services to buy, sell and trade Bitcoin, Ripple, Ethereum and other top digital currencies. The company combines decades of global exchange and trading experience with financial technology security expertise to deliver a reliable, safe, compliant and innovative digital currency exchange.

"CoinZoom makes digital assets available across the globe through a secure and compliant exchange," stated Chuck Christofilis, general counsel and Chief Compliance Officer at CoinZoom. "We prioritize the security of our customers' funds by conforming to the most rigorous industry standards. Every online and mobile app customer must pass KYC and with Acuant's deep international and blockchain experience, we have confidence in using its industry-leading KYC solution to help us stay compliant, beat fraudsters and still provide a great customer experience."

CoinZoom is integrating Acuant Compliance, formerly IdentityMind, for onboarding, sanctions screening and authorization to ensure that transaction parties are meeting KYC regulations. The KYC workflow engages Acuant Verify, and its library of 6,000 documents from more than 200 countries and territories, to provide best in class document verification. Continuous updates to the ID library ensure that CoinZoom has a solution that automatically passes more good customers globally and reduces manual review. CoinZoom also leverages Acuant's proprietary electronic DNA (eDNA™) technology to securely analyze and verify digital identities for re-use and to flag patterns that may reflect fraud.

"CoinZoom is an exciting modern exchange that is bringing new digital assets to the masses," said Yossi Zekri, President and CEO of Acuant. "With the rapid rise of online and mobile transactions occurring around the globe, CoinZoom has turned to Acuant for automated KYC to increase operational efficiency and keep pace with their growth goals, while still delivering an amazing customer experience. We are thrilled to deliver on this."

About Acuant 
Acuant's Trusted Identity Platform powers trust for all industries with automated identity verification, regulatory compliance (AML/KYC) and digital identity solutions. Omnichannel deployment offers seamless customer experiences to fight fraud and establish trust from any location in seconds. Patented technology is powered by AI and human assisted machine learning to deliver unparalleled results and operational efficiency. Acuant gives you real time, actionable insights to detect suspicious behavior while expediting trusted identities.

With leading partners in every major industry and completing more than 1 Billion transactions in over 200 countries and territories, Acuant is the leader in global coverage. To learn more please visit http://www.acuant.com.

About CoinZoom
CoinZoom is the next generation digital asset exchange that uses the team's vast experience in providing superb trade quality, customer-focused tools, and technology that help customers become successful traders. CoinZoom offers services in buying, selling, and spending bitcoin, ripple, Ethereum, and other top digital currency pairs. The team's decades of experience in financial technology security are equally important in safeguarding customer funds and customers' digital currency positions. CoinZoom is a U.S. registered Money Services Business with FinCen in all 50 states and territories. CoinZoom is also a U.S. registered Money Transmitter, available for trading in 48 states. CoinZoom also has subsidiaries in Australia and Ireland. CoinZoom Australia PTY LTD is registered as a Digital Currency Exchange with AUSTRAC and CoinZoom Europe Limited, is registered in Ireland.

SOURCE Acuant