Gemini Taps Alloy to Streamline Identity Decisioning for Credit Card with Crypto Rewards
Uses API Service to Automate Risk Decisions and Onboard Crypto Customers
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NEW YORK, April 7, 2021 /PRNewswire/ -- Alloy, the leading identity decisioning platform for banks and fintech companies, today announced Gemini, a leading cryptocurrency exchange and custodian, will be leveraging its platform to automate identity decisions and verification for the new Gemini Credit Card.
Gemini will use Alloy to facilitate its onboarding process for credit card customers and help to ensure the right systems are in place to capture and review customer data to reduce exposure to non-compliant account openings. Gemini's recently announced novel crypto rewards credit card is regulated under the same KYC/AML protocols as traditional credit cards, meaning there's a critical need to balance approval speed with the ability to meet stringent compliance requirements.