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ParallelChain Blockchain Selected by Paywiser for KYC

Digital Transaction’s ParallelChain blockchain has been selected by global fintech Paywiser for its KYC and business operations. ParallelChain, the only enterprise blockchain able to fully maintain current enterprise governance protocols, transcends the enterprise blockchain space, and is quickly becoming a compelling choice for enterprises looking for state-of-the-art blockchain solutions.

Paywiser is a global payment solutions company with offices in Asia, Europe and the United Kingdom. Paywiser will deploy eKYC-Chain on ParallelChain to perform Know Your Customer (KYC) verification on their applicants. eKYC-Chain, through 2D/3D anti-spoofing, can distinguish prints and fakes in realtime, thus enabling Paywiser to strengthen the process of identity verification during the onboarding process, but also reduce potential risks of fraudulent activities. ParallelChain will also bolster and support multiple areas of Paywiser’s business operations, including card issuance onboarding service and compliance review enhancement.

Ian Huang, Chairman and CEO of Digital Transaction, said, “Digital Transaction is committed to ensuring enterprises have access to the latest blockchain technology available to empower their business operations. Our collaboration with Paywiser is a testament to the enterprise blockchain market evolving towards a demand for much higher performance blockchains with no compromise. ParallelChain is the leader in that category.”

“Blockchain is an integral part of fintech and has demonstrated its capability to facilitate instant, secure and low-cost transactions and KYC processes, and introducing the latest blockchain technology into our operations will ensure that we remain at the cutting edge of the global fintech industry,” said Louie Ho, Asia COO of Paywiser. “ParallelChain and eKYC-Chain match our vision and commitment of reducing onboarding risks while leveraging blockchain products in delivering the most optimal, efficient and userfriendly financial solutions to our valued customers.”

Paywiser provides PaaS and OEM solutions in their acquiring and issuing business. As part of this collaboration, Paywiser will also become a reseller partner for Digital Transaction’s blockchain products, software and services.

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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