The collaboration of Stex and Ondato ease the annoying process of verification.

25 Mar, 2022
Press release
The collaboration of Stex and Ondato ease the annoying process of verification.

Since cryptocurrencies saw the light of the day, a kind of culture with its own set of rules and values was developed. Security, the economy of time, equality of opportunities, borderless and many other features constitute the newly created digital world.

Crypto trading platform Stex ensures the performance of the above-mentioned features and offers users high-quality services. To make the work smooth and the art of trading esthetically pleasing the Stex Team select the professionals that bring a wealth of experience and share it for the benefit of Stex customers.

The cooperation with the leading Know Your Customer (KYC) and Anti-Money Laundering (AML) platform – Ondato allows to automate the process of identity verification in real-time. In less than 60 seconds in a few clicks, Stex users can pass the verification and start trading immediately. The composition of modern technologies and legal regulations [crypto regulations] satisfies the fundamental needs of exchanges that respect and values their customers.

“ The partnership with Ondato empowers STEX with best-in-class remote identity verification solutions and KYC processes to facilitate its future operations in Europe. The EU is in the process of negotiating new regulations on crypto-assets. The Markets in Crypto-Assets (MiCA) regulation will require all cryptocurrency wallets to implement KYC procedures. It complements existing AML rules and aims to enhance financial stability and investor protection in Europe. Observers expect the MiCA regulation to be finalised later this year and to come into effect in 2023.” – was published in Finextra.

The full article on Stex and Ondato cooperation you may find under this link https://www.finextra.com/pressarticle/91912/crypto-exchange-stex-deploys-id-verification-tech-from-ondato

About Ondato

Ondato is transforming compliance from a hassle into a business benefit by redefining and streamlining the Know Your Customer (KYC) and Anti Money Laundering (AML) processes. The highly-experienced Ondato team, headquartered in London and located across the UK, Lithuania and Poland, has developed the Ondato OS platform, which defines a new technology category that integrates all the KYC and AML tools and services needed by online businesses to onboard customers quickly and safely. Ondato OS offers financial institutions a significantly better understanding of their exposure, with risk-based management of new and existing customers. The platform also provides enhanced process automation for greater efficiency and lower operating costs, minimizing the risk of interventions and fines from regulatory authorities.  The award-winning fintech already works with over 300 clients globally and quadrupled in size in 2021 alone.

To find out more, visit https://ondato.com

About STEX

STEX is a powerful cryptocurrency exchange, with more than 300,000 users worldwide, that makes it easy to buy, sell and invest digital currencies from one fast, and convenient platform at low competitive rates. Users can choose from more than 400+ trading pairs, purchase crypto with credit or bank cards, and exchange fiat to crypto or crypto to fiat with a few swipes on their mobile device. For more information about STEX and its partners, visit:

Website: https://www.STEX.com

Blog: https://www.stex.com/blog

Twitter: https://twitter.com/StexExchangeR

Telegram: https://t.me/stexcomtg

STEX Team, with all indifferent people, supports Ukrainians affected by the Russian invasion. If you want to join and support Ukrainian you may donate  to the International Charitable Foundation “COME BACK ALIVE” https://savelife.in.ua/en/donate or you can make a direct crypto transfer
BTC Wallet bc1qkd5az2ml7dk5j5h672yhxmhmxe9tuf97j39fm6

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