AiPrise Launches Token Sharing Infrastructure to Streamline Compliance Verification
AiPrise has introduced 'Token Sharing,' a new capability designed to allow financial institutions to securely exchange verified customer information. The platform aims to eliminate the redundant Know Your Customer (KYC) and Know Your Business (KYB) processes that currently plague cross-border transactions, where multiple entities often require identical documentation for a single movement of funds. Unlike traditional methods that offer only a pass/fail result, this infrastructure allows institutions to access underlying evidence and audit trails with user consent. This enables companies to reuse existing checks that meet their specific regulatory requirements while only performing necessary additional steps. The initiative includes participation from several fintech players including MoneyGram, dLocal, and Tazapay, aiming to reduce onboarding delays that typically last three to five days.
Tickers: $DLO
Topics: Compliance Data Sharing Financial Technology KYC/KYB Tokenization