The Challenge
CryptoClear faced significant challenges with regulatory compliance across multiple jurisdictions. As a cryptocurrency exchange serving users in over 30 countries, they needed to implement robust KYC and AML procedures without compromising the seamless user experience their customers expected.
Our Solution
ThroPay implemented a comprehensive compliance solution featuring:
- Automated KYC processing with AI-powered document verification
- Multi-jurisdiction compliance framework supporting 35+ countries
- Real-time risk scoring and transaction monitoring
- Biometric verification for enhanced security
- Seamless integration with existing exchange infrastructure
The Results
The implementation delivered outstanding results across all key metrics:
- Reduced verification time from 24 hours to 3.2 seconds
- Achieved 99.5% compliance rate across all jurisdictions
- Expanded supported countries from 15 to 35
- Decreased false declines by 60%
- Improved user satisfaction scores by 85%
