TrakInvest partners with VeriMe to ensure transparent and socially responsible trading
With a continuous vision to uplift our services for our potential investors, we have partnered with Verime, a blockchain-based digital identity verification service to streamline verification and authentication processes for customers trading on the TrakInvest platform.
Know your customer (KYC) is the process of identifying and verifying the identity of your clients. The traditional way of pursuing KYC processes is cumbersome, slow and outdated increasing the friction between the service providers and customers. Such identity verification methods cause a rise in customer drop off rates, costing service providers their potential revenue. Secondly, for the customer, the task of proving his/her identity to every organisation that demands a KYC check is tedious as well as boring. Last but not least, customer’s identity traits submitted during verification, either online or offline are always susceptible to identity theft.
Verime’s fast and decentralized verification services, known as D-KYC will enable TrakInvest to verify the identity of its users remotely and without the need to collect documents. Customers will be able to make use of VeriME's instant verification system to bypass the traditional KYC process that take days or weeks to complete. Apart from the benefit that KYC will be done in seconds, there are some more benefits such data protection through encryption, no physical document or form filling and the process being cost effective. Apart from implementing VeriMe's D-KYC solutions, TrakInvest will also use the company's D-SECURE technology, allowing for secure online transactions via payment gateways.
TrakInvest wanted to ensure transparent and socially responsible trading practices where the users are held accountable for their trades. At the same time, it is important to ensure that we are not breaching our user’s privacy and making our platform more user-friendly. Now users can verify their identities on TrakInvest's online trading platform within seconds, thanks to VeriME's decentralized, paperless authentication services. This partnership fortifies the outstanding efficiency of our platform and our user-centered approach.
To build on future vision, TrakInvest is conducting an ICO sale presently ongoing on its website at www.trakinvest.ai. Download our whitepaper and read our FAQs to find out more. For questions, write to us on [email protected]. To engage with our management team, join us on telegram here.
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