Synaps verifies identities online, offering universal digital identity and reusably know your customer (KYC). They help customers meet their compliance requirements while helping users decentralize their identity to get a frictionless and borderless experience in web3.
From KYC provider
Synaps’ journey began in 2020 as a group of ambitious innovators who shared a groundbreaking idea — initiate a user-friendly KYC solution to simplify fundraising and access to investment on the Web3. The project was created with the vision to optimize and streamline the identification path, making connected communities a safer place. In addition to designing quality solutions, we are committed to providing solutions that meet the specific needs of the crypto market.
To identity enabler
In addition to designing quality solutions, we are committed to providing solutions that meet the specific needs of the crypto market. Synaps has since broadened its horizons from just a KYC provider. Besides offering a gradual ID flow for a smoother web3 experience, Synaps has launched a dID protocol. With our innovative technology, we aim to maximize the potential within communities — by finding the right balance between privacy and transparency, building valuable use cases, and addressing Sybil attacks, among other core Web3 obstacles.
Various capabilities supplied by Synaps include:
Genuine Presence Assurance
Verify realness by onboarding and authenticating customers. Unlike Liveness solutions, which offer only basic verification capabilities, GPAs are a far more thorough and secure method of establishing whether or not the business is dealing with a real person.
Identity document verification
Harness the power of AI and Machine Learning for more accurate results. Its AI-powered software reduces fraud risks by identifying forged documents.
Corporate verification - Screen business partners
Produces audit-ready documentary evidence with information that is up to date, providing users the details regarding ownership and management needed to screen business partners.
Anti-Money Laundering and Counter-Terrorism Financing solution enables users to cut off interactions with high-risk contacts before they even begin. By making use of our extensive AML and CTF databases, users can identify high-risk entities and actively prevent potential financial crimes and liabilities.
Proof of Residence
Address verification to reduce the risk of chargeback fraud to keep fraudsters at bay with a worldwide proof of residency solution.
Phone verification / phone authentification
With a single API, add authentication to any step of the user's journey and prevent fraud before it begins.