One of the leading binary options brokers regulated by the Cyprus Securities and Exchange Commission (CySEC), anyoption has just announced its latest step in the direction of automating certain aspects of its business.
The company signed a partnership deal with Keesing Technologies, that is aiming to keep the brokerage in line with EU Regulations and provide additional customer security. The new system which the binary options brokerage will use is called “AuthentiScan”.
The latest changes are putting client data security at the forefront of the operations of the brokerage as customer service representatives are not required to be actively monitoring an assessing whether a client’s ID is in compliance with existing personal documents standards.
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Sometimes clients of online companies are using fake IDs in order to engage in money laundering or fraudulent transactions. An automated know your customer (KYC) process is typically more reliable in detecting fake documents and are safer to use as they don’t require clients to send their personal data unencrypted.
The use of Keesing’s AuthentiScan software clients are operating in a fully encrypted environment where they can upload their personal documents without any involvement of email messages. According to anyoption’s announcement the procedure puts this aspect of the client offering on par with major banking institutions.
Keesing’s AuthentiScan is recognizing a vast list of personal documents such as passports, ID cards and driving licenses. The solution is already in use by some government agencies, central banks, and financial and commercial organizations worldwide.