- A further milestone in PXL Vision’s international expansion
- Industry-leading process for automated customer identification includes document verification via NFC checks, facial biometric recognition and a passive liveness detection, all within just 30 seconds
Zurich/London, 09. November 2021. BCB Group, Europe's leading provider of business accounts and trading services for the digital asset economy, has chosen PXL Vision to digitally verify customer identities. PXL Vision's technology enables customers to be remotely identified and onboarded seamlessly in just 30 seconds.
Michael Born, CEO of PXL Vision, highlights the importance of the deal: "The fact that BCB Group has chosen our service underlines our technology leadership in customer identity verification. This represents an important milestone in our successful ongoing international expansion."
Oliver von Landsberg-Sadie, Founder and CEO at BCB Group, says, "We want to expand our business in Switzerland, which is increasingly becoming a central marketplace for crypto-finance companies. As a crypto-finance service provider, we need a registration process that not only complies with Swiss financial regulator FINMA's strict rules but is also easy to use and intuitive for our customers. PXL Vision's service ensures a fast, compliant know-your-customer-process with a seamless user experience."
With a dedicated focus on institutional payment services, BCB Group provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken. BCB Group is the only multi-regulated institution of its kind to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.
PXL Vision, the Swiss market leader in artificial-intelligence-based identity verification, provides BCB Group with an accredited, FINMA-compliant process for identifying end customers online. It allows for a fully automated end-to-end solution, leveraging PXL Vision’s certified data centre in Switzerland to ensure industry-leading data security and integrity.
PXL Vision’s proprietary technology uses the smartphone camera to extract personal data from identity documents and determine its authenticity by reading and verifying the biometric chip, where available. It uses visual recognition of facial biometric features to check that the ID photo matches the presenting customer's smartphone video selfie. In addition, the technology determines the presence of a real live person (liveness detection), ensuring she or he is not masked and not just running a video or holding a printed photo of another person up to the camera. The whole process, powered by artificial intelligence, takes no more than 30 seconds.
About PXL Vision
PXL Vision is the Swiss market leader and a premium provider of enterprise-grade identity verification. Based on artificial intelligence, PXL Vision provides a highly flexible, modular, and configurable software platform for secure and fully automated identity verification to meet complex requirements worldwide. PXL Vision helps businesses to lower their cost of customer onboarding and compliance, boost online sales and prevent identity fraud. The seamless 30-second verification process minimises dropout and drives sales conversion. PXL Vision is active in seven verticals and trusted by industry leaders such as Swisscom, BCB Group, Swisslife, Migros and the SwissID. The company is headquartered in Zurich, Switzerland and operates across Europe and in North America.
Further information at pxl-vision.com
About BCB Group
BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in 30+ currencies, FX, cryptocurrency liquidity and digital asset custody.
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.
BCB’s mission is to connect and bank the global crypto industry.
Further information about BCB Group at www.bcbgroup.io