Case Study: Binance achieves 55% faster KYB processing with FrankieOne

Binance cuts KYB processing time by 55% with FrankieOne

Binance, one of the world's largest cryptocurrency exchanges, faced significant challenges in its Know Your Business (KYB) onboarding process. The manual and fragmented procedures were time-consuming, created compliance inconsistencies across 55 countries, and threatened to slow their rapid global expansion. To overcome these scalability constraints, Binance partnered with the vendor FrankieOne.

The FrankieOne solution provided a unified KYB orchestration layer via a single API, connecting to over 165 global registries to automate workflows. This eliminated manual data entry and UBO chain retrieval, ensuring jurisdiction-specific compliance. As a result, Binance reduced its KYB processing time by 55%, with 80% of reports now generated in under one minute, turning compliance into a competitive advantage.

Binance