Bitstamp USA Pairs with Prove to Bolster Security and Streamline Onboarding

• Prove Identity Inc. and Bitstamp USA have partnered up to further strengthen security and compliance controls.
• Prove Pre-Fill will enable users to open accounts quickly with bank-grade data from authoritative sources, while mitigating fraud through its patented identity framework.
• This partnership will streamline the customer’s onboarding experience and accelerate the KYC process while maintaining the highest levels of platform safety.

Prove Identity Partners With Bitstamp USA

Prove Identity Inc., a leader in digital identity, has announced a partnership with Bitstamp, one of the world’s longest-running cryptocurrency exchanges, to bolster its security and compliance controls while also expediting its user onboarding process.

Pre-Fill Onboarding Solution

Powered by the Prove Identity Network (PIN), Prove’s Pre-Fill solution prefills online applications with bank-grade data from authoritative sources, and authenticates consumer identities to thwart account opening fraud such as synthetic identity fraud. Consumers benefit from a faster, easier, and more secure sign-up process that can onboard customers in under a minute only with their consent. The solution modernizes the account opening process by reducing clicks and keystrokes that limit conversions.

Benefits for Bitstamp Users

Bitstamp US users now have access to streamlined account openings and registrations that meet high levels of compliance and security through Prove’s Pre-Fill onboarding solution. This partnership allows users to reduce fraudulent activity on their platform while accelerating the KYC processes while maintaining high levels of safety on their platform.

Joon Pak Comments

Joon Pak, Head of Crypto at Prove commented on this partnership saying “Bitstamp’s adoption of Prove Pre-Fill underscores their commitment to providing users a safer, faster experience…With our solutions, anyone with a smartphone can now become a part of the crypto community in under a minute, while also knowing they are being protected by the highest levels of security and compliance.”

Thomas Hook Comments

Thomas Hook Chief Compliance Officer at Bitstamp USA said “As the longest running crypto exchange serving millions of users, Bitstamp has always been fully committed to regulatory compliance and curtailing fraud on our platform…Our mission is to streamline each customer’s onboarding experience and accelerate the KYC process while maintaining the highest levels of platform safety.”