Mitek delivers digital KYC for bitcoin broker BTCDirect

Mitek, a mobile capture and digital identity verification software company today announced it will be providing digital onboarding for customers. BTCDirect acts as an agent in the buying and selling of bitcoins which has experienced rapid growth with up to 3000 onboarding requests a day.

To accommodate the surge in demand and meet increasingly stringent regulations, Mitek’s identity verification solutions are being used to onboard customers in as little as 10 minutes.

Founded in the Netherlands in 2013, BTCDirect is a user-friendly platform allowing consumers to buy and sell bitcoins and other cryptocurrencies quickly, easily and securely. Following the increase in bitcoin trading in the last year, BTCDirect wanted to ensure the onboarding process was frictionless but also compliant with regulatory demands.

Regulators have recently been keen to introduce guidance in the space and customer onboarding looks set to become tougher, and therefore slower. Cryptocurrency companies must make it a priority to implement KYC processes that are compliant and can be scaled to keep up with the surge of customer signups.

[perfectpullquote align=”full” bordertop=”false” cite=”Mike Hutting, CEO, and co-founder, BTCDirect” link=”” color=”” class=”” size=””]“Our aim is to provide a cryptocurrency brokerage that is secure and compliant and thereby staying the #1 cryptocurrency brokerage in Europe. Offering a scalable solution to customer onboarding is the first step. Mitek’s scalable identity verification solution is speeding up the registration process, enabling us to keep up with the enormous rise in requests. We chose Mitek as a trusted partner in this space to ensure we can be as prepared as possible to meet future regulatory requirements.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”René Hendrikse, Managing Director for EMEA, Mitek” link=”” color=”” class=”” size=””]“Both regulators and companies themselves are turning away from the anonymity that has often defined cryptocurrencies. BTCDirect is committed to promoting a safe and authentic experience for its customers and getting ahead of the regulatory curve. With the demand for cryptocurrency skyrocketing, Mitek’s mission is to provide compliant customer onboarding that doesn’t come at the expense of the user experience.”[/perfectpullquote]