Binance Partners with IdentityMind to Enhance Compliance and Security of Exchange

IdentityMind, a risk management and RegTech compliance platform with Know Your Customer (KYC) and Anti-Money Laundering (AML) services (‘Digital Identities You Can Trust’), announced its partnership with Binance, the world’s leading cryptocurrency exchange by trading volume and users.

“The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it,” said Samuel Lim, Chief Compliance Officer of Binance. “We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.”

IdentityMind’s platform enables digital currency exchanges to comply with KYC and AML regulations worldwide. IdentityMind’s risk and compliance platform is the only real-time onboarding, transaction monitoring, and case management solution built for digital currency exchanges.