{"id":141137,"date":"2024-11-01T15:00:48","date_gmt":"2024-11-01T13:00:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141137"},"modified":"2024-11-01T04:03:01","modified_gmt":"2024-11-01T02:03:01","slug":"binance-teams-up-with-aws-for-faster-kyc-verification","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-teams-up-with-aws-for-faster-kyc-verification\/","title":{"rendered":"Binance Teams Up with AWS for Faster KYC Verification"},"content":{"rendered":"<p>This new system automates user data entry, validates addresses, and improves screenings against World-Check reviews.<\/p>\n<p>The <strong><a href=\"https:\/\/www.binance.com\/en\/blog\/tech\/binance-leverages-aws-cloud-to-enhance-user-experience-with-generative-ai-4560371755324930260\" rel=\"nofollow\">integration<\/a> <\/strong>has reportedly led to a 95% recognition rate for user information, an 80% reduction in optical character recognition costs, a 6% increase in proof-of-address approvals across 107 jurisdictions, and a 30% decrease in screening time against the World-Check database.<\/p>\n<p>Binance\u2019s chief technology officer, Rohit Wad, indicated plans to expand the use of AWS technologies in areas like customer service and compliance.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-141072\" href=\"https:\/\/cryptodnes.bg\/en\/coinbases-25-million-political-donation-sparks-controversy\/\" title=\"Coinbase&#8217;s $25 Million Political Donation Sparks Controversy\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/coinbase-12-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Coinbase&#8217;s $25 Million Political Donation Sparks Controversy<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Despite a tough regulatory landscape, founder Changpeng Zhao expressed optimism about improving attitudes toward cryptocurrency regulation in the U.S. He referenced recent comments from former President Trump at the 2024 Bitcoin conference as indicative of a positive trend and noted growing bipartisan support for the crypto sector among lawmakers.<\/p>\n<p>Zhao\u2019s optimism is further supported by the release of Binance executive Tigran Gambaryan from Nigerian custody after seven months. He was initially arrested on charges of money laundering and tax evasion, but the remaining allegations were dropped on October 23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance announced a partnership with Amazon Web Services (AWS) to enhance its Know Your Customer (KYC) verification process through generative artificial intelligence.<\/p>\n","protected":false},"author":3,"featured_media":31350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[426,72,260,424,384,122],"coin_category":[],"class_list":["post-141137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-binance","tag-bitcoin","tag-changpeng-zhao","tag-crypto","tag-optimism","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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