HBUS bitcoin exchange to use Onfido for level 2 identity checks

Popular Asian crypto platform Huobi’s U.S. strategic partner HBUS, which went live today, announced it has partnered with Onfido to perform mandatory Customer Identification Program (CIP) checks on traders attempting to obtain level 2 verification status on the platform. Onfido’s machine learning technology automates identity verification to enable speedy, secure and scalable access to HBUS’s exchange platform. With just a smartphone, HBUS users can take a selfie and a photo of their identity documents to start the level 2 CIP process.

HBUS is committed to bringing higher ethical standards to virtual currencies, and was impressed with Onfido’s use of Artificial Intelligence to deliver the most granular and accurate results, without compromising on speed or conversions. Onfido’s deep expertise on US regulatory requirements and commitment to turning compliance from a cost centre into a competitive advantage were also deciding factors.

“We needed a partner that would help us not only meet with compliance requirements, but go above and beyond them to provide the most secure experience possible to our customers. Onfido gives us that. Their machine learning technology gives us the confidence we need in our CIP/KYC processes, without compromising on the speed that’s essential to our platform as we continue to scale.”

Harry Zhou, Chief Compliance Officer at HBUS

“We’re excited to be supporting HBUS in their aim to make cryptocurrencies more mainstream. In the digital age, trust and security are crucial, and we’re proud to help deliver that to HBUS’ growing community of investors around the world.”

Husayn Kassai, CEO and co-founder of Onfido

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