GBTC Finance, a leading cryptocurrency exchange and retail network with over 20 physical locations in Spain, serves 30,000+ clients by offering crypto trading solutions and merchant adoption tools. Their commitment to regulatory compliance—particularly with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations—posed significant operational challenges.
The Compliance Challenge
Operating within Spain’s stringent legal framework, GBTC Finance faced:
- High costs tied to manual Know Your Customer (KYC) and AML screenings.
- Slow verification processes impacting user onboarding.
- Rising support tickets due to inefficient identity checks.
Didit’s Integrated Solution
By partnering with Didit, GBTC Finance deployed an AI-powered identity verification platform featuring:
- Document Verification: Authenticate IDs from 220+ countries with fraud detection.
- Biometric Face Recognition: Liveness tests to thwart deepfakes and impersonation attempts.
- Real-Time AML Screening: Instant checks against global PEPs, sanctions, and risk databases.
- Regulatory Compliance: Full adherence to AML/CTF laws without sacrificing speed.
- Seamless Integration: APIs that cut verification time to seconds.
👉 Discover how top exchanges streamline compliance
Client Testimonial:
"Didit reduced our verification costs by 90% and freed resources for core business growth. Their system’s efficiency transformed our compliance operations."
— Guillem Medina, COO of GBTC Finance
Tangible Outcomes
- 90% reduction in compliance-related operational expenses.
- Fewer support tickets due to smoother KYC/AML workflows.
- Faster onboarding, enhancing user experience and trust.
This success underscores how automated identity verification can drive scalability while ensuring legal conformity.
FAQs
1. How does Didit ensure compliance with local regulations?
Didit’s platform dynamically adapts to regional AML/CTF requirements, incorporating jurisdiction-specific checks and audit trails.
2. What makes Didit’s fraud detection superior?
Combining AI-driven document analysis with liveness tests, it identifies sophisticated forgeries and synthetic identities.
3. Can small exchanges afford Didit’s solution?
Yes. Its pay-per-verification model scales cost-effectively for businesses of all sizes.
4. How long does integration take?
Most clients deploy Didit’s APIs within 1–3 business days.
5. Does Didit support non-crypto businesses?
Absolutely. Its solution applies to fintech, e-commerce, and any sector requiring robust identity checks.
👉 Learn why crypto exchanges trust Didit for compliance
Become Our Next Success Story
Whether you’re a centralized exchange (CEX) or fintech startup, Didit simplifies regulatory compliance while cutting costs. Contact us today to explore partnership opportunities!
Let’s innovate together—your success case awaits.
### **SEO Keywords**:
- Cryptocurrency compliance
- KYC/AML solutions
- Identity verification
- Cost reduction
- Didit success story
- Exchange regulatory tools
- Biometric authentication
- Fraud prevention