Instant ID Verification for User Onboarding

The Challenge of Data Verification in the Crypto Industry

Crypto exchanges face unique challenges when it comes to data verification and ensuring the security and integrity of their platforms:

1. Preventing fraudulent account creation
2. Detecting and preventing money laundering
3. Ensuring the security of user accounts
4. Monitoring for suspicious activities

To address these challenges, crypto exchanges require a comprehensive data verification solution that can streamline processes, enhance security, and ensure compliance.

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Solutions

Brick offers a suite of data verification tools tailored to the needs of crypto exchanges:

1. Identity Verification:
   Streamline user onboarding and KYC processes, ensuring the authenticity and reliability of user information and preventing fraudulent account creation.‍
2. Liveness Detection:
   Enhance the security of user onboarding by detecting and preventing attempts to create accounts using fake or stolen identities.‍
3. Transaction Data:
   Leverage advanced analytics to monitor and detect suspicious activities, ensure compliance with AML regulations, and gain insights into user behavior and preferences.‍
4. Account Data:
   Utilize account-level insights to assess risk levels, identify potential red flags, and make informed decisions about user accounts and transactions.‍
5. Bank Account Verification:
   Verify user bank account ownership to facilitate secure fiat currency deposits and withdrawals, enhancing the overall security and reliability of the platform.

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End-to-End User Identity & Financial Account Verification

1. User Registration:
   New users provide their personal information and identity documents during the registration process.
2. Identity Verification:
   Brick's Identity Verification solution validates the authenticity of the provided information and documents, ensuring the user's identity is genuine.
3. Liveness Detection:
   Users are prompted to complete a liveness check using Brick's Liveness Detection tool, confirming they are physically present and not using a fake or stolen identity
4. Bank Account Verification:
   Users link their bank accounts, and Brick's Bank Account Verification solution validates account ownership, enabling secure fiat currency transactions.
5. Continuous Monitoring:
   Brick's Transaction Data and Account Data solutions continuously monitor user activities and transactions, flagging any suspicious behavior for further investigation.
6. Risk Assessment and Mitigation:
   Crypto exchanges use the insights provided by Brick's solutions to assess risk levels, make informed decisions, and take appropriate actions to mitigate potential threats.
7. Reporting and Auditing:
   Brick's solutions generate comprehensive reports and audit trails, supporting compliance efforts and facilitating transparency.