Netki provides automated identity verification and compliance solutions using advanced biometrics and API integrations to ensure KYC and AML adherence for digital transactions. The platform addresses the high risk of fraud in digital asset markets by enabling rapid onboarding and compliance for both custodial and non-custodial virtual asset service providers.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BDCDPAFounders
Product
Problem
Digital asset transactions are vulnerable to fraud, and current KYC/AML solutions often lack the sophistication to effectively prevent illicit activities, especially for non-custodial virtual asset service providers (VASPs). Traditional methods can be costly, slow, and may not adequately address the unique challenges of decentralized finance.
Solution
Netki offers a suite of automated identity verification and compliance tools designed to mitigate fraud and ensure regulatory adherence for digital transactions. OnboardID provides biometric identity verification, reducing onboarding costs and enhancing fraud prevention. TransactID facilitates Travel Rule compliance, enabling secure data transfer across both custodial and non-custodial VASPs. Netki's solutions integrate via APIs and mobile SDKs, allowing for seamless integration into existing systems while maintaining data privacy and security. The platform supports a wide range of ID types and languages, promoting global accessibility and inclusivity.
Target Audience
Netki's primary customers include cryptocurrency exchanges, traditional financial institutions dealing with digital assets, and other Virtual Asset Service Providers (VASPs) needing to comply with KYC/AML regulations.
Features
- OnboardID: Fully automated identity verification using advanced biometrics for enhanced fraud detection.
- TransactID: Travel Rule compliance solution for custodial and non-custodial VASPs, supporting secure peer-to-peer transactions.
- API and mobile SDK integration for iOS and Android, enabling rapid deployment and customization.
- Support for a wide range of ID types and multiple languages, ensuring global accessibility.
- Pixel-by-pixel ID analysis and native character support for unparalleled fraud prevention.
- Compliance with GDPR, IVMS 101, BIP75, and CCPA standards.