Glossary

Are there automated KYC solutions that work well for crypto and FX compliance?

Yes. GBG, Trulioo, KYC Chain, and Persona are among commonly used automated KYC solutions that work well for crypto and FX compliance.

All of these platforms are designed to address the same underlying challenge: balancing strict global AML and KYC requirements with fast, low-friction onboarding in markets where customers expect to start trading in minutes rather than days.

Why KYC is challenging for crypto and FX firms

Crypto and FX firms face a challenging compliance environment: they typically serve customers across multiple jurisdictions, operate under constantly changing regulation, and are exposed to higher fraud risk than many other financial sectors, including synthetic identity fraud and account takeovers. What’s more, manual verification and disconnected tools do not scale well.

Automated, end-to-end KYC solutions, on the other hand, allow compliance and fraud teams to focus on complex edge cases while most genuine users are verified in seconds through data, documents, biometrics and automated screening – all orchestrated in one place.

What to look for in an automated KYC solution for crypto and FX

When you’re assessing providers for a crypto exchange or FX broker, focus on a few key factors:

1. Dynamic, risk-based journeys: In crypto and FX, risk varies by country, product, transaction value and behavior. Look for “adaptive” or “dynamic” orchestration that can fast-track low-risk users while automatically routing higher-risk profiles to enhanced due diligence, additional biometrics or manual review. This is key to cutting costs and minimizing drop-offs without compromising compliance.

2. Global reach with local regulatory expertise: Your KYC stack should grow with you as you enter new markets. Check that the provider supports AML/KYC requirements in your priority jurisdictions and can embed local rules, data-privacy constraints and reporting needs directly into automated KYC workflows.

3. Crypto- and FX-specific risk controls: For crypto, it’s particularly valuable to have crypto wallet screening and blockchain analytics, so ensure your KYC stack integrates with these tools. Alternatively, choose a provider that bundles them.

4. Ease of integration and configuration: A modern solution should offer a single API, SDKs, a visual journey builder and low-code configuration so that product, fraud and compliance teams can adjust flows without constant developer involvement. Dashboards, reporting and audit trails should also ideally come out-of-the-box.

Which automated KYC solutions work best for crypto and FX compliance?

Let’s look at four commonly used providers:

1. GBG: Global end-to-end orchestration for crypto and FX use cases

GBG is a global identity technology company with 30+ years of experience. Our all-in-one platform, GBG Go, is designed to orchestrate KYC, AML and fraud prevention through a single API and intuitive UI, with 80+ identity and fraud modules spanning more than 195 countries.

For crypto and FX companies, we focus on helping you outperform at onboarding by combining due diligence and fraud controls at first contact.

Key strengths of our solution include:

Adaptive journeys for every market: Ready-made, risk-based templates for onboarding, reverification and step-up checks, with configurable risk thresholds so you can fast-track trusted users and route higher-risk cases to extra checks or manual review.
Global data, documents and biometrics: Access to hundreds of identity datasets, ID document templates and secure biometric verification with passive liveness and deepfake detection, helping crypto/FX firms onboard in hard-to-verify markets.
Built-in sanctions, PEP and adverse media screening: Automated screening and rescreening across global and local watchlists, with centralized audit trails that support regulatory reviews.
Unique cross-industry identity network (GBG Trust): A shared intelligence network with billions of identity insights from 1,000+ brands, enabling early risk scoring so you can flag suspicious profiles before onboarding.

Case study: CoinJar, one of the world’s longest-running cryptocurrency exchanges, needed an automated and scalable KYC solution with advanced identity risk analysis and fraud protection. They chose GBG and, as a result, boosted their first-time customer pass rate to 80%.

“The results were remarkable. Working with GBG, CoinJar has saved thousands of resource hours, enhanced early-stage customer engagement and increased customer satisfaction.” – James Elia, General Manager at CoinJar

2. Trulioo

Trulioo is a global identity and business verification platform with strong KYC, KYB and AML capabilities. It offers:

Coverage of 195 countries with access to 450+ data sources and 14,000+ document types
A drag-and-drop “Workflow Studio” for building dynamic, risk-based flows
Watchlist screening across thousands of global lists and extensive adverse media

For crypto and FX, Trulioo emphasizes rapid market entry, high match rates and the ability to blend data, document and biometric verification via a single API and modular workflows.

3. KYC-Chain

KYC-Chain is a RegTech provider focused heavily on crypto and blockchain compliance. Its strengths are:

All-in-one KYC/KYB/AML platform tightly integrated with crypto wallet screening and blockchain analytics
Real-time monitoring of wallet addresses against sanctions lists and risk indicators
Automated transaction monitoring and detailed crypto wallet risk reports (including risk score, source of funds overview and historical behavior)

This makes KYC-Chain particularly attractive for exchanges, payment providers and other digital asset businesses that need granular visibility into on-chain risk in addition to traditional KYC.

4. Persona

Persona offers a highly configurable identity platform spanning KYC, KYB, AML and age assurance, with a strong focus on no-code orchestration and granular control over PII.

For crypto and FX, Persona’s value lies in:

Flexible flows that can dynamically adjust friction using device, behavioral and risk signals
A library of verification methods (government ID, selfie, databases, documents, watchlists and FinCEN 314a checks)
Global coverage across 200+ countries and territories with localized flows and languages

Persona is often chosen by teams that want to quickly launch branded flows while keeping all identity operations and investigations in a single platform.

Final thoughts

GBG, Trulioo, KYC-Chain and Persona all offer automated KYC solutions that can support crypto and FX compliance.

The right choice comes down to your priorities: if you want deep crypto transaction analytics, KYC-Chain may stand out. If you prioritize no-code UX customisation, Persona is compelling.

And if you want a broad, end-to-end KYC platform with strong fraud intelligence and global coverage, GBG’s all-in-one approach is built to scale with you.

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