Peccala is a cryptocurrency investment platform offering tokenized crypto Robo-investor services. Going forward, Peccala’s customers will undergo a four-step ID verification process provided by iDenfy.
iDenfy argues that the ability to purchase cryptocurrencies anonymously can pose significant security risks, as it can be exploited for money laundering purposes. As such, iDenfy advocates for robust Know Your Customer (KYC) regulations in the crypto industry, mandating identity verification for all transactions.
This approach is driven by the growing community of cryptocurrency enthusiasts and the rising number of high-value transactions, which have increased the risk of fraud. Peccala recognizes this trend and aims to align with compliance standards as it expands its operations within the sector.
Crypto investment requires strong KYC
Peccala is designed for entities seeking an automated and comprehensive crypto investment experience, bridging the gap between fintech and cryptocurrency. The platform offers managed investment strategies tailored to different risk tolerance levels, simplifying the complex world of cryptocurrencies.
iDenfy’s identity verification process consists of four steps: selecting document details, capturing a photo of the ID or passport, taking a selfie, and completing the onboarding in under a few minutes. This streamlined approach enhances user experience while ensuring compliance.
The Verification Solution
iDenfy’s AI-driven identity verification process employs 3D liveness detection to create a facial map that can later be used for blacklisting or duplicate identification. The system also detects masks and deep-fakes, enhancing security against fraudulent identities. Certified by the ISO/IEC 27001 standard, this solution is designed to protect Peccala’s user base from unauthorized access.
Peccala emphasizes the importance of a seamless onboarding process as it seeks to grow its user base. A smooth user journey through iDenfy’s verification steps is critical for achieving this goal.
