Fincy App Education: User Verification/KYC In the first of a series, we take a look at the initial steps before using your wallet on Fincy - user verification. Have you been Verified? Fincy, like many other digital transfer applications, requires users to verify their identity on our app before they’re able to transact. It’s a commonplace compliance process not just by apps but by banks, financial institutions, and regulatory bodies globally. This is similar to sharing your passport or identity card when you’re creating a bank account - except this verification is done digitally. Dubbed “KYC”, this procedure is usually made painless and with haste, acting as the first line of protection for determining the risk of each user and their funds. The KYC (Know-Your-Customer) identity verification in Crypto and digital transfer apps are mandatory for us for Combating-Financing-of-Terrorism (CFT) and Anti-Money Laundering (AML). These are just some of the reasons why a KYC is necessary for Fincy. If you’re keen to find out more about the nuts and bolts, head on over to Onfido (https://onfido.com/use-cases/kyc/), where they dive deep into the specificities of the process, and how this translates into the Crypto sphere. We'll be posting more tutorials, tips, and tricks to get you started on Fincy. Subscribe, and stay tuned. For now, happy KYC-ing - and get trading! Download Fincy today: https://Fincy.com