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Digital Identity, Security & Online Fraud

ZED Network leverages IdentityMind to deliver KYC, AML compliance to MTOs

Tuesday 31 July 2018 | 10:51 AM CET

ZED Network has announced that it will use IdentityMind Global Version 2.0 platform to meet KYC and AML compliance requirements for ZED Network Money Transfer Operators (MTOs) worldwide.

MTOs using ZED Network will be required to perform KYC validation for each remittance sender and receiver using IdentityMind. Leveraging IdentityMind Global's Version 2.0 platform, ZED Network will also target accredited investors in the US, Canada and several other countries and conduct KYC on each ZED token investor.

ZED offers a "Platform-as-a-Service" built on a distributed ledger that reduces costs and transaction friction for small-to-medium-sized MTOs. ZED Network members join a blockchain-based, peer-to-peer, global, distributed network of licensed money transfer operators to create a faster and transparent money transfer network.

IdentityMind Global provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to carry out identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. For more information about IdentityMind, please check out a detailed profile in our web fraud & e-identity company database.

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