Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, announced the provision of an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume.

The solution will enable Binance to integrate the functionalities of Thomson Reuters’ World-Check database into their internal workflow, allowing them to streamline the screening process for onboarding, KYC, and third-party risk due diligence.

KYC as a service offers client identity, verification, screening, and monitoring for accelerated client on-boarding, remediation, and refresh built on a collaborative platform that streamlines KYC compliance and the distribution of due diligence documentation. The service integrates trusted legal entity information from authoritative sources in over 200 countries and 60 languages.

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