This unmatched solution, which is comparable to Volume's revolutionary One-Click check out, meets the urgent need for merchants in the iGaming, Money Remittance, Crypto, Fintech, and other industries to expedite age verification and guarantee the authenticity of user data in accordance with legal requirements.

Regulations currently place a high priority on merchants' ability to authenticate user financial and personal details, as well as user age. Traditional approaches lead to a laborious registration procedure, elevated rates of desertion, and elevated risks of fraud. For instance, 40% of people who start the online account creation procedure on a UK financial services or iGaming website do not complete their registration, according to YouGov UK.

One-Click Verification is a game-changing solution that offers retailers a solid framework to negotiate the challenging world of user onboarding. Through a smooth integration with their bank app, this cutting-edge technology transforms the verification process and provides a multitude of benefits for customers and businesses alike. Put another way, Volume may employ public registries, third-party identification APIs, and real-time account to account (A2A) networks.

The main advantages that Volume provides are as follows:
chance Reduction: Makes the sign-up procedure easier for users and drastically reduces the chance of fraud for businesses.

Compliance: Easily satisfies KYC requirements while guaranteeing respect to regional legal requirements.
Improved User Experience: Quickens the registration process and lowers dropout rates for an improved onboarding experience.
Perceptive Analytics: Provides more information about account balances and spending habits of users.

"Our solution leverages the data available in users' bank apps, allowing for a one-click verification process," the Volume team stated. A safe and privacy-focused approach to identity verification is ensured via reusable credentials and Self-Sovereign Identity (SSI).
Volume is transforming into a multi-product corporation and moving a new product, their pisces.

"Traditional KYC procedures frequently put customers and businesses at a disadvantage. According to Krzysztof Tarnawski, CTO at Volume, "One-Click Verification is a game-changer, offering a secure, effective, and compliant solution."

The following are Volume's One-Click Verification's primary functions:
Superior Security
Quick Onboarding
Assurance of Compliance
Flowing Integration for Programmers
Reliable Instantaneous Verification

Volume CEO Simone Martinelli expressed her excitement at the release of the One-Click Verification feature. "This solution will enable merchants to provide a more seamless and convenient verification option for their users, in complying with regulatory requirements with ease."