The company has two offerings. The first is “identity underwriting,” which validates the identity of a potential user by pulling key data about them for AML and KYC (know your customer) requirement compliance. For crypto-native firms, identity can be validated using Parallel’s PID identity token, a full on-chain token that preserves anonymity. The tool also provides sanction monitoring for both individuals and business entities globally.
Source: https://www.coindesk.com/layer2/2022/10/14/parallel-markets-looks-to-bridge-identity-verification-across-platforms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines