“KYC” stands for “Know Your Client,” which is the process of verifying the identity of a financial institution's customers to determine any risks associated with financial crimes such as money laundering and the financing of terrorism.
Why does VALR need my information to open a VALR account?
VALR is committed to providing a platform that serves society and remains vigilant that our platform is not used for illicit activities. To accomplish this, we need to verify the personal identity details of all our customers.
How do I sign up for a VALR account?
A step-by-step guide on how to sign up for a VALR account can be found here
We understand that KYC processes can sometimes be cumbersome, which is why we use AI and machine learning technology to fully verify you in under 5 minutes.