Using iSignthis’ AML/CTF KYC services, customers can now use Coinify to instantly purchase bitcoin using a major credit card. To meet AML/CTF regulations for customer due diligence and KYC guidelines, iSignthis helps end users link their identity to bitcoin transactions. According to Coinify CTO Hamed Sattari:
Using iSignthis’ services, we get a strong customer authentication and a smooth KYC process that ties cards to a specific user. This provides us a secure token that can be used onwards for making instant purchases with extended security and PIN code.
Australia-based iSignthis offers a cloud-based identity- and transaction-authentication solution for payment service providers. The company dynamically generates evidence of identity by using multifactor authentication and linking transaction parameters to the form of payment.
iSignThis went public on the Australian Stock Exchange in March 2015 (ASX:ISX). The company presented its platform at FinovateEurope 2015 in London.