“KYC” stands for “Know Your Client” which is a process of verifying the identity of customers of a financial institution to determine any risks associated with financial crimes such as money laundering and the financing of terrorism.
VALR is committed to providing a platform that serves society and as such remains vigilant that our platform is not used for any illicit activities. To accomplish this, we need to verify particular personal identity details for all our customers.
We understand that KYC processes can sometimes be cumbersome which is why we use AI and machine learning technology to get you fully verified in under 5 minutes.