BERLIN/LONDON, November 30, 2021 – Authenteq, a leader in the identity verification space, has announced a strategic partnership with Coinfirm, a leading blockchain AML and analytics firm, in a move to help increase the safety and security of crypto exchanges and platforms along with other key industries.
Authenteq offers an AI-powered identity verification system. Their eKYC platform empowers any company that needs to verify the identity of their customers to do so in a fully automated way during an onboading process that takes just 35 seconds. While Authenteq serves customers in a variety of industries including mobility, recruitment platforms, online education, and financial services, the crypto space presents a unique opportunity to support Anti-Money Laundering (AML) regulations while improving the onboarding process for end users alike.
Coinfirm is at the forefront of innovation in crypto AML, compliance and analytics. Coinfirm’s industry-leading risk management offerings helps cryptocurrency protocols and Virtual Asset Service Providers scale sustainably. Authenteq will now be able to provide their customers with Coinfirm’s best-in-class offerings.
“We’re thrilled to be partnering with Coinfirm,” says Katarzyna Kazimierczak-Mrowińska, CEO of Authenteq. “Being able to offer our customers an extra layer of security and compliance through Coinfirm’s AML and blockchain analytics is going to set a new bar within the industry.”
“Authenteq is already uniquely positioned within the identity verification space,” says Mircea Mihaescu, CEO of Coinfirm. “At Coinfirm, we’re committed to making blockchain a safer environment, and through this partnership we will be able to extend that even further. Together, I believe we can not only help companies remain compliant, but also keep more bad actors out of the crypto space in a very tangible way.”
Authenteq’s original product in 2015 was a self-sovereign identity solution stored on the blockchain. They won several accolades in the start up’s early days but since 2020 — partially triggered by COVID-19’s influence and the need for contactless, virtual forms of authentication — the company shifted their focus to better serve the masses through their eKYC pricing and SaaS business model. While their target market changed, Authenteq’s mission to make the internet a safer place has always remained.
“There has been huge market adoption within the blockchain and crypto space this past year which has been really exciting to watch,” says Kazimierczak-Mrowińska. “We were too early in 2015 but our background and expertise in blockchain has come full circle and partnering with a blockchain-based regulatory technology firm such as Coinfirm is a logical and really exciting step forward.”
Coinfirm currently works with market leaders and protocols including Binance, Cardano, and major financial institutions, offering not just the AML Platform for holistic crypto compliance but also other innovative AML/CTF products such as Liquidity Pool Risk Reports for DeFi compliance.
Authenteq is the world’s first fully automated identity verification platform. Their AI-powered eKYC system allows companies and services to onboard users in just 35 seconds with a verification process that requires only one piece of government-issued ID, a selfie, and a liveness check. Built on the seven key principles of Privacy by Design, fully GDPR compliant, and ISO 27001 certified, Authenteq offers a safe and secure approach to identity verification at scale.
Coinfirm is the world leader in blockchain analytics and regulatory technology solutions. The company specializes in blockchain AML services and fraud investigations and offers the industry’s largest blockchain coverage, supporting 5,600+ crypto assets. Founded in 2016, Coinfirm’s solutions are now used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like ADA, to major financial institutions and governments, with over 250 entities having trusted the company’s RegTech solutions.