Cryptocurrency exchange Binance will use an automated Know Your Customer (KYC) application provided by financial software firm Refinitiv, according to an announcement published Nov. 20.
Binance personally confirmed the use of Refinitiv’s software to Cointelegraph.
Formerly the Financial & Risk business division of Thomson Reuters, Refinitiv provides markets data and infrastructure, while its portfolio reportedly accounts for over 4,000 institutions worldwide.
According to the announcement, the KYC solution will enable the world’s leading cryptocurrency exchange by adjusted trade volume, Binance, to integrate the World-Check Risk Intelligence database into their internal workflow. This will purportedly allow Binance to streamline the screening process for onboarding, KYC, and third-party risk due diligence.
CT |
https://cointelegraph.com/news/major-crypto-exchange-binance-to-use-refinitiv-kyc-solution-in-internal-workflow
