Use Case #1: KYC/AML Compliance.

05 Jun 2023, 18:46

Use Case #1: KYC/AML Compliance Today, we're exploring how Shyft is simplifying and strengthening KYC/AML Compliance - these are checks to ensure financial transactions, including #crypto ones, are legal and clean. An instance of this application is Shyft Veriscope. 🔒 𝐑𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐂𝐨𝐬𝐭𝐬 The current system can be very expensive - some banks are even spending millions on it each year! 💰 Shyft is working to streamline this process, aiming to save everyone time and money. #DiscoverShyft 𝐒𝐚𝐟𝐞𝐭𝐲 𝐅𝐢𝐫𝐬𝐭 Safety is our top priority. With Shyft, we're developing systems to keep your data secure and private while still allowing it to move quickly and easily where it needs to go. Veriscope, as a use case, demonstrates this commitment. 🔒 #TrustInShyft 𝐍𝐨 𝐌𝐨𝐫𝐞 𝐒𝐢𝐥𝐨𝐬 Information that's locked away in separate places can't help anyone. Shyft is breaking down these walls, enabling data to flow freely and safely, increasing efficiency and transparency. 𝐒𝐚𝐟𝐞𝐭𝐲 We've seen data breaches in the news - it's a real risk. With Shyft, we're offering a more secure way of handling valuable data, protecting both businesses and users. Veriscope stands as a testament to this mission. 🔒 𝐓𝐡𝐨𝐮𝐠𝐡𝐭𝐬? So, what are your thoughts on Shyft Network's KYC & AML compliance use case? Like, comment, and retweet to join the conversation. 💭💬🔁