ADVANCE.AI launched AdvanGuard, a unified KYC platform for the crypto and Web3 Industry.
ADVANCE.AI is a global provider of AI-powered digital identity verification, compliance, risk management, and credit information solutions. They announced the launch of AdvanGuard, a unified KYC platform for the crypto and web3 industry, to tackle the major challenge of balancing growth with trust, security, and compliance, which has never been more critical.
The company states that, with AdvanGuard, exchanges and web 3 platforms can accelerate the user onboarding process in real-time, as it consolidates digital identity verification, fraud detection, and anti-money laundering (AML) screening into a single solution, enabling exchanges, DeFi platforms, NFT marketplaces, and blockchain businesses to onboard users in seconds while meeting compliance standards.
“Our goal is to help crypto exchanges, DeFi platforms, NFT marketplaces, and blockchain businesses onboard users in seconds, detect and stop deep fakes, and build stronger security and compliance frameworks to scale with confidence,” said Dong Shou, Co-founder and Chairman of ADVANCE.AI.
As one of the first adopters, BingX, a leading cryptocurrency exchange and Web3 AI company, welcomed the launch of AdvanGuard.
“Trust and compliance are the cornerstones of building a sustainable crypto ecosystem,” said Daniel Lai, Chief Business Officer at BingX. “As a global exchange with a rapidly growing user base across multiple jurisdictions, we need a globally scalable solution that can handle diverse document types and evolving KYC risks and compliance with both speed and accuracy.”
The launch has already gained industry support, adding to ADVANCE.AI’s contributions working with leading platforms in Southeast Asia, including Indodax and Nanovest, since 2022.
