Case Study: Baanx achieves faster, safer user onboarding with Veriff

Veriff and Baanx partner to ensure trusted user onboarding for online banking platform

Baanx, a Web3 fintech company, faced the challenge of mitigating rising fraud risks during user onboarding for its crypto-enabled online banking platform. To securely grow its user base while complying with global regulations, Baanx required a robust identity verification solution. They partnered with Veriff to implement its service to confirm user identities and protect against fraud and money laundering.

By integrating Veriff's AI-powered identity verification, Baanx gained the ability to verify over 12,000 government-issued IDs from 230 countries in 47 languages. This solution from Veriff enabled Baanx to significantly reduce the time of its verification process, allowing it to onboard users more quickly and safely. With this enhanced security and compliance, Baanx is now in a strong position to expand its services to more countries.

Baanx

Mark Evans

CCO & CFO