AU10TIX, a provider of identity verification and management, today announced that its fully automated identity verification (IDV) solution has been selected to accelerate the customer onboarding process for its Verse 3.0 multi-exchange crypto trading ecosystem.
The initial market authentication process can take up to 15 minutes, causing users to abandon the site during registration and costing significant revenue. AU10TIX’s frictionless automated solution will reduce the process to 8 seconds or less while ensuring higher accuracy.
“When we learned that our first visitors were experiencing long wait times for identity verification, we immediately looked for a more efficient solution,” said Mayur Poddar, Director of 3.0 Verse. “AU10TIX’s user-friendly technology not only drastically reduces the verification process, but also improves the user experience. Furthermore, it is in line with our commitment to prevent money laundering and comply with all relevant regulations.”
3.0 Verse is a comprehensive cryptocurrency trading platform that brings together multiple CeFi and DeFi exchanges, providing real-time prices, market analysis, news, information and a powerful blockchain and cryptocurrency data interface. In addition, it has a multimedia channel (3.0 TV) and an educational platform (3.0 University).
AU10TIX’s IDV suite includes advanced features such as document authentication, ID-to-selfie face comparison, liveness checks and address verification. Its integration into the 3.0 Verse website and mobile app will greatly streamline and improve the Know Your Customer (KYC) onboarding process.
“AU10TIX and 3.0 Verse share a culture driven by innovation, and this synergy makes us perfect partners in shaping the future of cryptocurrency,” said Dan Yerushalmi, CEO of AU10TIX. “Our technology will eliminate the friction that causes user dissatisfaction and high churn rates and ensure that customers can seamlessly engage in various activities on the platform, from trading to borrowing, lending and more.”