Korbit Introduces ID Copy and Forgery Detection Solution to Enhance 'Identity Verification System'

Virtual asset exchange Korbit announced on the 26th that it has completed improvements to its customer identity verification system by introducing an ID copy and forgery detection solution.

Korbit had previously signed a contract with regtech specialist Usebi to implement the ID copy and forgery detection solution in order to strengthen the identity verification process for its subscribers.

This solution was introduced to enhance security against identity forgery and theft, following a recent increase in fraudulent cases exploiting non-face-to-face registration procedures at domestic virtual asset exchanges.

The ID copy and forgery detection solution analyzes paper copies, images taken by smartphones or PCs in real time to determine whether an ID has been forged or altered. This effectively blocks fraudulent registrations using copies or forged IDs instead of genuine identification.

A Korbit official stated, “With the introduction of this solution, we expect to contribute to the prevention of financial crimes involving identity theft, which have been frequently occurring in recent non-face-to-face transactions,” adding, “We will continue to strive for technological innovation to establish a safe trading system.”

This content was produced with the assistance of AI translation services.