Binance Cryptocurrency Exchange Picks Refinitiv for KYC
Refinitiv has traditionally provided KYC services to regulated banks and asset managers.
Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, has announced it will provide its know your customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume.
“The interesting thing about KYC and crypto is that it will force further digitization of the process,” says Caitlin Sinclair, head of proposition for KYC as a service (KYCaaS) at Refinitiv. “Banks are quite bifurcated in the sense that they do some of it manually,
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