Waves African Exchange , a Fiat gateway solution for the Waves Platform Blockchain Decentralized Exchange(DEX) has partnered with Civic to revolutionize digital identity with its Blockchain-based technology.
The deal will allow Waves African Exchange to verify user accounts and comply with strict KYC policies, as well as provide secure multi-factor user authentications for user accounts.
According to Waves African Exchange Director and CEO, Monika Van Zyl, “We are very excited to announce this new partnership as it greatly improves our service offering to our clients, by providing a more secure, and safer way to share sensitive information. It gives us a great sense of relief knowing that we are protected from data breaches associated with traditional centralized customer information management.”
Waves African Exchange says by outsourcing its KYC services to CIVIC, it mitigates the risk of attracting hackers and identity thieves that are usually associated with traditional data management services in centralized systems that serve as a single point of failure.
The firm says the deal also assures it of the authenticity of customer data via the immutable and secure blockchain information management services, making identity verification more reliable and cost effective.
“We are pleased to welcome Waves African Exchange to Civic’s Partner Network. This collaboration marks another milestone for Civic’s ecosystem and for on-demand, secure, and low-cost access to identity verification services,” said Civic CEO, Vinny Lingham.
Civic will help enable Secure Sign-On and Reusable KYC services across the fiat gateway services. This will help with identity protection and identity theft prevention and the associated risk management and enable us to customize access control for specific gateway services based on age and country to comply with individual geographic restrictions and future regulations.
