21:32 (GMT +7) - Wednesday 25/04/2018

Business

VeriME links with three leading Asian fintech companies

Released at: 16:49, 16/01/2018

VeriME links with three leading Asian fintech companies

Photo: VeriME

Identity verification and payment authentication solutions provider working with, among others, Vietnam's Cement Finance Company.

by My Van

VeriME, a blockchain-based identity verification and payment authentication solutions provider under the NextTech Group, has recently cooperated with three leading financial technology (fintech) companies in Asia: TrakInvest, the Cement Finance Company (CFC), and MC Payment.

Given the rising cost and challenges of KYC and payment authentication processes, the tech startup’s D-KYC and D-SECURE solutions are quickly being adopted by many Asian fintech companies.

“VeriME’s efficacious and secure digital identity verification solutions have leveraged blockchain technology to ensure thorough and foolproof identity verification in seconds,” said Mr. Sanjeev Kumar, Co-Founder of VeriME. “Our approach to digital identity verification will enable fintech organizations with high volume requests for identity verification and payment authentication to conduct these processes securely, while ensuring compliance with local data sovereignty and PDPA laws.”

VeriME’s cooperation with TrakInvest, CFC, and MC Payment comes shortly after it partnered with NganLuong, Vietnam’s largest payment gateway, Weshop, a leading online marketplace in Southeast Asia, and Moin, a South Korean cross-border remittance services provider.

TrakInvest, a Singapore-based virtual social equity trading platform, aims to streamline verification and authentication processes for customers trading on the TrakInvest platform by integrating VeriME’s solutions into its system. “TrakInvest wanted to ensure transparent and socially-responsible trading practices, where users are held accountable for their trades,” said CEO Bobby Bhatia. “At the same time, it is important to ensure user privacy and ease of use. Users can now verify their identities on TrakInvest’s online trading platform within seconds, thanks to VeriME’s decentralized, paperless authentication services. This partnership fortifies the outstanding efficiency of our platform and our user-centered approach.”

Vietnam’s Cement Finance Company specializes in mobilizing funds in money and capital markets, and believes this cooperation will help it benefit from the efficiency gains of Blockchain.

Founded in Singapore in 2005, MC Payment is a fintech and business platform services provider that specializes in supporting non-cash payments across Asia-Pacific. Its comprehensive suite of products provides solutions for in-store, mobile, online, and digital payments across the region and across a variety of industries, ranging from non-profit to financial services. “Compliance with local data sovereignty and PDPA laws cannot be ignored,” said Mr. Anthony Koh, Founder and CEO of the company. “We are well aware of the gravity of the issue and, hence, we are ready to take the best measures possible to ensure our complete compliance.”

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