Bright Union announces partnership with Fractal ID
For the effective implementation of KYC procedure
For the effective implementation of Know Your Customer procedure, we are pleased to announce that we have joined forces with Fractal, a German-based company developing solutions for identifying customers. Appliance of Fractal ID technology will enforce KYC/AML compliance while making it easy for users to verify their identity.
Next to bank-grade compliant ‘Know Your Customer’ (KYC), Fractal’s identification solution will bring Anti-Money Laundering (AML) capabilities to Bright Union’s operations. These practices not only prevent illegal manipulations by malevolent users, but also confirms that the platform operates in the legal field.
Fractal ID is a plug and play KYC provider specialized on the crypto and DeFi environment. Fractal ID provides verification for the highest compliance needs. Fractal ID is built for regulated industries with global user bases — a KYC/AML platform delivering fast and accurate global verifications at a conversion rate 40% higher than the industry standard. Fractals mission is to bridge the gap between data privacy and data integrity, on to provide multi-chain compatible ID-proof for blockchain purposes.
KYC/ AML is the crucial part of the Bright Union project to provide security and a safe environment for both investors and the community. The deal is signed for the IDO phase to provide the highest quality standard of KYC/AML for the project.
Fractal ID will support Bright Union in areas such as:
- Verifying Identities and Addresses
AML Check
- Source-of-Wealth
- Wallet Check
Liveness Verification
Links
Website: https://protocol.fractal.id/
Twitter: https://twitter.com/fractalprtcl
Medium: https://medium.com/frctls
About Bright Union
Bright Union is building the world’s leading aggregator and accelerator for DeFi crypto risk markets. Our mission is to make the crypto risk markets work. On our Decentralized Crypto Coverage Platform, our future community can compare and buy coverage, stake and earn by covering the community and last but not least join the Bright Union staking pool.
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