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Rock Stable Unveils its Integration of Shufti Pro's IDV Solutions to Prevent Crypto Fraud
Rock Stable announces its partnership with Shufti Pro to enhance its IDV procedures and meet global KYC & AML regulations.
By: Shufti Pro
Rock Stable is a cross-border money transfer company that allows recipients to receive a USD-equivalent stablecoin directly into their virtual wallets. Recipients who prefer to receive USD rather than local currency can do so via stablecoin ROKS that can be converted to local currency at the tap of a button on the wallet app at any time.
Although crypto has become part of the mainstream, it is still accompanied by many risks, such as money laundering, terrorist financing, and identity theft. To detect such criminal acts beforehand, RockStable has partnered up with Shufti Pro to combat these threats.
Shufti Pro, one of the leading identity verification solution providers, has been serving companies operating in various industries since 2017. From preventing financial crimes to providing companies with useful strategies to comply with global KYC, KYB, AML, and CDD regulations, Shufti Pro has got everything an organisation would need to solidify its IDV procedures.
Carlos Tapang, the CEO of Rock Stable said, "Cryptocurrency is currently a tough business to be in, but we see recent events as part of the "cleansing phase" within the overall process of cryptocurrency adoption. There is room for DeFi, but there is also room for compliance. We at Rock Stable straddle between DeFi and TradFi and we will do this successfully with the right partners. On the compliant, TradFi side, we have partnered with Shufti Pro, which is designed from the ground up to make it easy for users to be compliant."
"Preventing financial crimes and identity theft from fintech markets is what we focus on. We will provide Rock Stable with our best IDV services to help them improve their digital onboarding & customer experience,"
About Rock Stable
Rock Stable is a cross-border money transfer company that allows recipients to receive a USD-equivalent stablecoin directly into their virtual wallets. ROKS can be converted to local currency at the tap of a button on the wallet app, at anytime.
About Shufti Pro
Shufti Pro being one of the leading identity verification service providers offers KYC, KYB, KYI, AML, and OCR solutions to keep the Fintech environment safe from fraudulent activities. The UK-headquartered firm has expanded to seven international offices and introduced a plethora of IDV products & solutions since it was created in 2017.
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