View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
February 16, 2017

Nocks taps Mitek solution for AML compliance

Nocks, a European blockchain-based payments platform, has selected mobile imaging software developer Mitek’s Mobile Verify solution to achieve anti-money laundering (AML) and know your customer (KYC) compliance.

By Verdict Staff

Nocks, a European blockchain-based payments platform, has selected mobile imaging software developer Mitek’s Mobile Verify solution to achieve anti-money laundering (AML) and know your customer (KYC) compliance.

Using Mitek's algorithmic-based checks, new Nocks users can scan their passport or ID card using their smartphone for real-time identity verification.

Nocks co-founder Roel Boer said: “By integrating Mitek’s technology in the early stages of our registration process, we can ensure that all required identity verification is done upfront, allowing us to quickly and securely unlock all payment options for our customers.

“Having a fully compliant sign-up process makes our platform safer as it helps protect us and our users from potentially fraudulent transactions.”

Mitek general manager of identity business unit said Sarah Clark said: “As new digital payment platforms and innovative financial services gain acceptance; Mitek’s Mobile Verify provides the necessary tools to help them achieve compliance while delivering an exceptional user experience.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International