Through a partnership with Amazon Web Services, Binance is leveraging Amazon's generative artificial intelligence to provide its Know Your Customer (KYC)
C) It plans to streamline procedures and process service requests more efficiently. The new KYC system will auto-populate user information, check address proof, and World Check.
With the integration of AI, Binance has improved its user data recognition rate to 95% and character recognition (OCR).
It claims to have reduced costs by 80%, increased Proof of Address acceptance rates by 6% across 107 jurisdictions and reduced the time it takes to check the World-Check KYC database by 30%.
Rohit Wad, chief technology officer at Binance, said, "We plan to expand our use of Amazon Web Services in various fields in the future," and "AWS's generative AI
"We plan to expand our technology and cloud services into various areas, including customer service, compliance and risk management."
2024/11/01 13:59 KST
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