London, October 8, 2024 — ComplyCube, a leading provider of cutting-edge Identity Verification (IDV) and compliance technology, has partnered with IXO World, the pioneer of the Internet of Impacts. This collaboration will integrate advanced crypto KYC/AML solutions into IXO World’s Spatial Web Platform, helping to streamline Identity Verification and compliance processes for its global user base. The partnership comes as regulatory demands in the digital asset space become increasingly stringent.
Choosing the Right Compliance Partner for Growth
IXO World’s Spatial Web Platform is a groundbreaking solution that facilitates coordinating, funding, and verifying real-world impact initiatives. Working with renowned organizations such as UNICEF, IXO World has made a meaningful impact in sectors such as clean energy, healthcare, education, and youth skills development. The platform provides decentralized infrastructure and services, enabling sustainable economic networks to flourish across both physical and virtual domains.
By utilizing ComplyCube’s technology, IXO World has developed the iID Oracle, a service that enables platform users to meet their KYC and AML requirements seamlessly. This component is a vital part of IXO’s decentralized Web of Trust, ensuring secure, scalable, and compliant IDV processes as global regulations evolve.
Building Global Trust Through Technology
Founded over ten years ago, IXO World sought a KYC provider that could not only support its rapid expansion but also integrate seamlessly into its Web of Trust, a foundational aspect of its self-sovereign identity framework. After evaluating several options, IXO World chose ComplyCube for its user-friendly interface, flexible pricing model, and robust verification capabilities. ComplyCube’s automated IDV solutions — including document verification, video selfie checks, and enhanced screening — empower IXO World to meet stringent compliance requirements without compromising user experience.
ComplyCube allows us to integrate key Identity Verification services into our Spatial Web of Trust, which is critical as we scale our efforts.
Dr. Shaun Conway, Founder and CEO of IXO, commented on the partnership: “The ComplyCube team has been fantastic to work with. They understand both our immediate needs and long-term vision of creating a compliant and trusted Internet of Impacts. Their platform allows us to integrate key Identity Verification services into our Spatial Web of Trust, which is critical as we scale our efforts.”
As IXO World continues to grow and regulatory demands tighten, integrating ComplyCube’s automated verification processes ensures ongoing compliance while delivering a smooth user experience.
This collaboration reflects our mission to build trust at scale, empowering organizations to create safer, more transparent digital ecosystems that benefit society.
Dr. Tarek Nechma, CEO of ComplyCube, emphasized the partnership’s broader impact: “By working with IXO World, we are not just delivering compliance solutions – we are empowering a platform that can drive real, positive change on a global scale. This collaboration reflects our mission to build trust at scale, empowering organizations to create safer, more transparent digital ecosystems that benefit society. Together with IXO World, we are proving that advanced technologies can drive progress while ensuring the highest standards of security and compliance.”
Ensuring Future-Ready Compliance
ComplyCube’s technology strengthens IXO World’s compliance and onboarding procedures and aligns with its broader objective of establishing a trusted, self-sovereign identity ecosystem. By automating KYC and AML checks, IXO World can uphold the integrity of its projects and maintain trust while navigating the intricate regulatory environment of digital assets.
As global regulators increasingly advocate for AI-powered solutions to combat financial crime, ComplyCube remains well-positioned to advance its mission of building trust at scale in a rapidly evolving digital economy.
Mohamed Alsalehi, CTO of ComplyCube, emphasized: “Emerging technologies are reshaping the global landscape, but they also present challenges in terms of fraud and financial crime. Platforms like IXO must have strong tools in place to prevent illegal activities. ComplyCube’s identity verification and AML solutions enable IXO World to achieve this, adding an essential layer of trust in the digital ecosystem.”
With regulatory frameworks such as the EU’s Markets in Crypto-Assets (MiCA) regulations, which are set to take effect soon, the importance of robust KYC and AML measures becomes increasingly critical. MiCA will soon enforce stricter compliance requirements on digital asset platforms like IXO World. By integrating ComplyCube’s advanced compliance technology, IXO World ensures it remains ahead of these regulatory changes, offering users a secure and compliant platform to meet evolving legal standards.
About ComplyCube
ComplyCube is a RegTech100 global leader in Identity Verification (IDV), Anti-money Laundering (AML), and Know Your Customer (KYC) compliance solutions. Offering flexible SDKs and APIs, ComplyCube’s solutions are trusted by businesses across various industries to navigate complex compliance landscapes. The UK DIATF and ISO-certified company is committed to helping businesses enhance client acquisition and meet evolving regulatory challenges.
About IXO World
The IXO Spatial Web Platform provides the world’s most intelligent operating systems for coordinating, financing, verifying, governing, and gathering data in real-world Impact domains. Over the past decade, IXO World has been the pioneer of the Internet of Impacts and is now being used to scale impacts in domains such as clean energy, youth skills development, education, and healthcare.
