Acuant and Scalable Solutions has announced their partnership to deliver Anti-Money Laundering and Know Your Customer solutions on a single platform for banks, exchanges and financial institutions to manage fraud, fulfil compliance and streamline onboarding.
Scalable Solutions, which specializes in digital asset exchange and tokenization services, will use Acuant’s complete identity verification, regulatory compliance and digital identity solutions, which leverages Artificial Intelligence (AI) with Machine Learning (ML) and human oversight, to automatically approve or deny prospects and automate transaction monitoring for secure digital exchanges. The integration will further enhance efficiency for compliance teams and enable fraud teams to analyze risk of specific identities and apply appropriate security controls in real time to provide necessary due diligence to suspicious users and ensure trusted users are shown the fast lane.
Mark Berger, Founder, Scalable Solutions, commented:
“We know how difficult it can be for financial institutions to ensure that all systems are in place to comply with regulations and prevent fraud, especially in our ever-changing regulatory environment. Our partnership with Acuant helps financial institutions and exchanges to seamlessly integrate AML/KYC compliance, digital identity verification and benefit from secure automation.”
Yossi Zekri, President and CEO of Acuant, commented:
“It is imperative that solutions are built with an understanding of the concerns and challenges that banks, exchanges and other businesses face. We are thrilled to partner with Scalable Solution’s team of experts to provide banks with a frictionless solution for securing digital exchanges.”
