AiPrise Launches Token Sharing to Reduce Redundant Compliance Checks
PR Newswire
1h ago
Ai Focus
AiPrise announces the launch of Token Sharing feature, allowing two companies participating in the same transaction to securely share verified customer information while maintaining their respective compliance requirements and decision-making powers. The company states that this mechanism is designed to reduce duplicate checks between KYC and KYB, and to shorten the compliance processing time in multi-platform transactions.
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San Jose, California, USA, November 12th / PRNewswire / -- The globally leading artificial intelligence-driven compliance and validation platform AiPrise today announced the launch of AiPrise Token Sharing, a new feature that allows two companies processing the same transaction to securely share verified customer information. Each institution can still maintain full control over its own compliance requirements and decisions.

In the past year, the number of duplicate business verifications on AiPrise has increased by six times; in the history of this platform, some companies have been verified by as many as 13 different firms. This growth reflects changes in the payment process: a cross-border transaction may involve deposit channels, withdrawal partners, and local banking service providers, each with its own account opening and registration procedures.

These companies usually collect the same documents and conduct their own checks to understand your customers ( KYC ) and your business ( KYB ), even though the relevant information has already been verified by another institution. For compliance teams, this means redundant work; for businesses, it results in slower account opening and registration processes and longer transaction delays.

The design goal of AiPrise Token Sharing is to eliminate such duplication. It does not simply share a single verification result of 'pass' or 'fail'; instead, it allows participating companies to access the underlying evidence, including the information provided, the checks performed, the sources that were queried, and the supporting audit trail. With the consent of the verified party, the recipient can reuse the checks that meet their own requirements, request additional information when necessary, and make compliance decisions on their own.

Companies such as alfred, BlindPay, Conduit, dLocal, KAST, Mesta, MoneyGram, nsave, Saber Money, Tazapay, and Walapay have all participated in this network.

Dismantling Compliance Islands in Global Finance

Co-CEO AiPrise stated, "Financial services are already highly interconnected, but compliance is still carried out in isolation. The solution is not to require institutions to accept each other's decisions without question. We believe that the future of compliance is not just about faster verification, but about allowing verified information to flow between institutions, while each institution still retains its own responsibility for compliance."

Today, when one organization sends verification results to another, the compliance team has only two options: either accept the other party's verification results or start over from scratch. AiPrise Token Sharing provides an intermediate path: to reuse available information while still adhering to one's own rules, without skipping one's own checks. Organizations can reuse the KYC and KYB information that has already been collected by their partners and that complies with their own policies, and only need to perform the additional checks required by their policies, before raising follow-up questions through the same token.

Unlike a one-time transfer, this token will remain valid throughout the duration of the customer relationship. Institutions can request additional information or respond to inquiries without having to restart the account registration process or chase for documents via email. For transactions involving multiple financial platforms, such requests traditionally take three to five days to resolve. AiPrise indicates that by allowing institutions to collaborate directly around the same token, the company hopes to significantly reduce these delays, helping customers to open accounts and complete transactions more quickly.

Build a compliant infrastructure for the global economy

AiPrise envisions a financial system where the work behind each verification can be shared among institutions, products, and across borders, and built upon that foundation, rather than being repeated in each new relationship.

Token Sharing lays the foundation for this future, starting first with those transaction scenarios where institutions have already been collaborating side by side.

AiPrise CEO Chaitanya Sarda stated: "Companies should not have to start from scratch every time they join a new financial platform. We know this because we have experienced it ourselves: in the first six months, we went through KYB 27 times, with each bank, payment service provider, and supplier requesting the same documents and verifying the same registration information. The verified information should be able to be reused as companies establish new financial relationships, without depriving the compliance teams responsible for making these decisions of their control."

Availability

AiPrise Token Sharing will be available to AiPrise customers from November 12, 2026.

For more information about AiPrise Token Sharing, please visit aiprise.com / features / token-sharing.

About AiPrise

AiPrise is a globally compliant and verification platform driven by artificial intelligence. Through a single API, companies can perform KYB, KYC, and AML screenings as well as document verifications in over 200 countries and regions, across more than 500 government and commercial registration databases. The AI agents of AiPrise analyze the results and help compliance teams determine within minutes, rather than days, whether a company or individual is suitable for account opening and registration. Leading payment companies, market platforms, new banks, cryptocurrency platforms, and financial institutions rely on AiPrise to expand their compliance, risk, and fraud management operations on a global scale. AiPrise is supported by Y Combinator and is headquartered in San Jose, California. For more information, please visit aiprise.com.

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