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Victoria, Seychelles, June fifth, 2024, Chainwire
Bitget, the world’s main cryptocurrency trade and Web3 firm, is thrilled to announce an upgraded partnership with Sumsub, a full-cycle KYC verification supplier. This collaboration goals to safe Bitget’s 25 million customers worldwide with an over 99% accuracy fee in figuring out and combating deepfake scams.
This collaboration corresponds with Bitget’s mission to foster crypto evolution and create a extra equitable world, the place even unbanked populations have entry to digital finance. With the assistance of Sumsub’s product, Bitget goals to make sure secure, environment friendly and good crypto transactions for his or her world clients, staying totally protected against advancing AI-generated id fraud evading crypto.
From Q1 2023 to Q1 2024, the variety of deepfakes detected globally within the crypto sector elevated 217%, because the latest evaluation of Sumsub verification knowledge suggests. Throughout all industries, the variety of deepfakes soared 245% YoY. Bitget actively collaborates with varied platforms, adopting the most recent applied sciences to fight evolving fraud ways. This highlights the significance of Sumsub’s enhanced deepfake detection capabilities to Bitget.
The primary options Sumsub offers to Bitget are Id Verification, Liveness (facial biometrics examine), Non-Doc Verification together with Database Validation. Mixed with AI-powered applied sciences enabling deepfake detection and fraud prevention, in addition to a complete checklist of certifications and attestations obtained by Sumsub, the collaboration is ready to additional assist each corporations adhere to the best safety requirements.
“Whereas new applied sciences like AI deliver optimistic modifications to the world, they’re more and more getting used for deepfake scams. Subsequently, our verification applied sciences must maintain tempo with these developments. Sumsub is our high supplier for person verification, and we respect our partnership for the excellent high quality of Sumsub buyer providers and product selection. As a centralized trade person knowledge safety is of utmost significance and we’re glad to have a companion to help us within the course of and establish attainable loopholes, making our platform safe for all customers,” says Gracy Chen, CEO at Bitget.
“We’re grateful to supply our full-cycle verification resolution to Bitget, one of many world’s largest crypto exchanges. Combating AI-driven threats with AI-powered options is a should for web3 corporations these days, and we’re completely happy to assist Bitget on this path of eliminating deepfake scams. Collectively we share the imaginative and prescient of a blockchain-based future freed from fraud, and we goal to keep up a long-term collaboration with Bitget to make that imaginative and prescient a actuality,” feedback Jacob Sever, co-founder and Chief Innovation Officer at Sumsub.
About Bitget
Established in 2018, Bitget is the world’s main cryptocurrency trade and Web3 firm. Serving over 25 million customers in 100+ nations and areas, the Bitget trade is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling function and different buying and selling options. Previously referred to as BitKeep, Bitget Pockets is a world-class multi-chain crypto pockets that gives an array of complete Web3 options and options together with pockets performance, swap, NFT Market, DApp browser, and extra. Bitget conjures up people to embrace crypto by way of collaborations with credible companions, together with legendary Argentinian footballer Lionel Messi and official eSports occasions organizer PGL.
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About Sumsub
Sumsub is a full-cycle verification platform that secures the entire person journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention options, you may orchestrate your verification course of, welcome extra clients worldwide, meet compliance necessities, cut back prices, and defend your enterprise.
Sumsub has over 2,000 purchasers throughout the fintech, crypto, transportation, buying and selling, e-commerce and gaming industries together with Bitpanda, Wirex, Gate.io, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.
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