New cryptocurrency trading platform selects Mitek for automated ID verification

Mitek announced it will provide automated ID verification for new cryptocurrency trading platform DXE.

Mitek’s Mobile Verify solution uses advanced AI and machine learning algorithms that will help DXE provide KYC-compliant identity verification for all customers from the platform’s go live date. Using Mitek’s technology is part of DXE’s efforts to provide compliant customer onboarding ahead of the enforcement of the revised Anti-Money Laundering Directive and to ensure the company can be as transparent and compliant as possible from the start.

DXE can now verify all new customers that register for the platform in real-time. New applicants can capture an image of their ID documents using the camera on their smartphone. Mitek’s software provides data to allow our customers to authenticate the documents submitted to them. This enables fast, frictionless on-boarding that helps DXE satisfy future KYC onboarding regulations.

“We wanted to partner with Mitek to demonstrate that we are a platform that could be trusted, by both regulators and the public,” explained Ernstjan Overduin, CEO, DXE. “We pride ourselves on making cryptocurrency trading simple and accessible for the everyday user. Mitek’s Mobile Verify offers a solution that helps us be both compliant with future regulations and is compatible with our vision for a simple customer experience.”

“Pressure from regulators is growing fast so companies like DXE are right to get everything “above board” with measures in place to verify the identity of their customers,” added René Hendrikse, Managing Director for EMEA, Mitek. “At Mitek we want to ensure that the introduction of secure identity verification is seamless for the customer to speed up the registration process.”

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