Prime Trust Teams Up With Acuant For All-In-One Trusted Identity Platform

 

Prime Trust, a blockchain-driven trust company, has teamed up with global identity verification provider Acuant for identity verification and complain to meet Anti-Money Laundering (AML) regulations, manage fraud and fight financial crime, through its All-In-One Trusted Identity platform.

Prime Trust reported it is integrating Acuant Compliance, formerly IdentityMind, for onboarding, sanctions screening, and authorization to ensure that transaction parties are meeting all Know Your Customer (KYC) regulations. Acuant’s transaction monitoring feature also provides Prime Trust with greater transparency and the ability to maintain processes in an efficient and cost-effective manner, which includes velocity alerts and historical behavior deviation, case management and built-in SAR filing should there be any issues. Speaking about the collaboration, Kevin Lehtiniitty, CPO of Prime Trust, stated:

“We were pleased to learn that IdentityMind had become part of Acuant and are excited to expand our relationship and leverage the platform’s full capabilities as part of our Prime Compliance offering to meet the needs of our customers within our API solutions. We maintain a complex smart routing platform on top of our integrations with key vendors in the compliance and risk spaces and view Acuant as an important part of that network.”

Yossi Zekri, President and CEO of Acuant, went on to add:

“Prime Trust is important to the financial ecosystem because it provides the foundation for organizations to build compliant, world-class financial applications at scale. By partnering with Acuant, Prime Trust is able to add a deeper layer of trust to its customers’ transactions. We look forward to continuing to support their business growth.”

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