Prove Signs Multi-Year Agreement with Binance.US to Enhance Customer Verification Process
New York, NY, July 13, 2021 – Prove, a leading phone-centric identity provider, today announced that it has entered into a multi-year agreement with Binance.US, a leading digital asset marketplace in the United States, to incorporate Prove’s mobile phone-based technology into Binance.US’ user verification and onboarding processes. This will bolster Binance.US’ customer onboarding process and enable Binance.US to continue to accommodate new customers quickly and securely.
“At Binance.US, our goal is to democratize access to digital asset ownership and facilitate simple and safe participation in cryptocurrency markets for all Americans. We selected Prove to help us achieve this goal after a rigorous evaluation and proof-of-concept test demonstrating Prove’s pass rates and ability to deliver seamless customer experiences,” said Brian Reisbeck, Chief Compliance Officer at Binance.US.
Binance.US will be able to enhance its verification process with Prove’s Phone-Centric Identity™ technology, allowing users to get fully verified in under 10 minutes with proper identification. Prove’s technology rapidly verifies a potential customer using three key checks: possession, reputation, and ownership. Together, these factors deliver a powerful signal for more accurate identity verification and higher pass rates.
“Cryptocurrency moves fast and is on 24/7—traders shouldn’t have to wait days or even hours to be able to trade,” said Rodger Desai, Founder and CEO of Prove. “We applaud Binance.US for enabling the speed and customer experience their users are looking for by leveraging Prove’s solutions to make identity verification faster and easier.”
To learn more about Prove’s identity solutions, visit www.prove.com.
About Prove
Prove is the modern way of proving identity with just a phone number. With 1 billion+ consumer and small business identity tokens under continuous management, Prove’s Phone-Centric Identity™ platform helps companies mitigate fraud while accelerating revenue and reducing OPEX across mobile, desktop, tablet, contact center, and in-store channels. 1,000+ companies and 500+ banks trust Prove to secure their onboarding, digital servicing, call center, e-commerce, payments, and compliance experiences. For the latest updates from Prove, follow us on LinkedIn.
About Binance.US
Binance.US is America’s home to buy, trade, and earn digital assets, including Bitcoin. Delivering some of the lowest fees to move USD into over 50+ different cryptocurrencies instantly, Binance.US’ mission is to bring financial confidence and crypto literacy to more Americans. To learn more about Binance.US’ institutional support, visit: institutions.binance.us.
Press Contact:
For Prove:
Emily Riley
pr@prove.com
914-330-1128
For Binance.US:
Carissa Felger/Sam Fisher
Gasthalter & Co.
(212) 257-4170
Binance-us@gasthalter.com
Keep reading
Read the article: How Prove’s Global Fraud Policy Stops Phone-Based Fraud Others MissLearn how Prove’s Global Fraud Policy (GFP) uses an adaptive, always-on engine to detect modern phone-based threats like recycled number fraud and eSIM abuse. Discover how organizations can secure account openings and recoveries without increasing user friction.
Read the article: Prove Supports Safer Internet Day: Championing a Safer, More Trustworthy Digital WorldProve proudly supports the goals and initiatives behind Safer Internet Day, a worldwide effort that brings together individuals, organizations, educators, governments, and businesses to promote the safe and positive use of digital technology for all, especially young people and vulnerable users.
Read the article: Prove’s State of Identity Report Highlights the New Rules of Digital TrustProve’s State of Identity Report explores why traditional point-in-time verification is failing and how businesses can transition to a continuous, persistent identity model to reduce fraud and improve user experience.
