HKVAX to work with KYC-Chain to provide on-boarding software

By Leandra Monteiro

HKVAX, the Hong Kong Virtual Asset Exchange Limited, has announced a working partnership with KYC-Chain to facilitate the on-boarding of customers to the exchange. Using its patented technology, KYC-Chain hopes to provide HKVAX and its clients with a safe and secure on-boarding experience.

KYC-Chain is enabled to provide live API integrations to government databases with real-time data updates every 24 hours, including the authentication of business information for 139 different countries, representing more than 160 million companies, and data checks from over 10,000 data source points.

“With the world becoming increasingly involved with digital finance, identification and safeguarding security have become all the more important. We are hence pleased to be working with KYC-Chain in making sure our platform not only runs smoothly, but also securely,” said Sam Fok, HKVAX Co-founder & COO.

HKVAX is a Hong Kong-based virtual asset exchange which provides professional virtual assets trading and customized services for institutions looking to invest in the virtual assets and financial technology sectors. the company deals extensively with fiat-virtual asset trading, in turn, requirements for compliance and regulatory abidance come in higher standard, calling for more comprehensive financial licensing and traditional banking supports.

The Exchange that was named in KPMG’s “2020 China Leading FinTech 50”, plans to bring financial institutions, alliance partners and professional investors together to fast-track the path towards the virtual asset market. In addition, HKVAX is presently in the process of applying for Type 1 & 7 licenses with the Hong Kong SFC.

KYC-Chain provides compliance solutions for companies of all sizes, focusing on identification and customer on-boarding. It has been processing numerous KYC applications since 2014 in a cost-effective manner. KYC-Chain also provides algorithmic and anti-tampering validation checks for identifying fake images and documents.