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Identity Mind Global Review – Initial Coin Offering KYC & AML Regulation?

IdentityMind aims to help you protect your ICO from regulators using a plug-in software solution for KYC/AML. Find out more today in our review.

What Is IdentityMind?

IdentityMind is a service catered towards companies launching an ICO. The goal of the service is to help companies conduct a regulation-friendly initial coin offering.

Today, regulations for ICOs are a grey area around the world. However, many companies have implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements in anticipation of stricter regulations in the future.

With that in mind, IdentityMind provides a plug-in software solution that handles the necessary AML/KYC requirements needed to conduct an ICO anywhere in the world.

“It ensures that your ICO meets the existing legal requirements, demonstrating to regulators you’re doing the right thing,” explains the official website. “With our extensive digital currency, regulatory, and risk management knowledge, we can make this part of your ICO a whole lot easier.”

IdentityMind is a Palo Alto-based company founded in 2013. The company has offered trusted digital identity (TDI) verification since launching, but just recently began offering specialized TDI services to ICOs.

How Does IdentityMind Work?

If you work with IdentityMind, you’ll receive a preconfigured plugin that can:

  • Tell you where your contributors are coming from; you also have the ability to block certain geographies or regions that you cannot work with, or don’t want to work with
  • Perform risk-based KYC to comply with the regulations of various governments, including the United States, China, and Canada

Ultimately, IdentityMind lets you know where your customers are coming from. You can access real-time risk scoring provided by machine learning platforms. You can manually review suspicious transactions. You can also create a ready-made report for regulators.

Benefits Of IdentityMind

IdentityMind’s official website,, advertises all of the following benefits:

It’s Easy To Do The Right Thing:

IdentityMind has a pre-configured plugin that takes into consideration all published guidance. The plugin stays updated on all regulatory information worldwide, making it easy to comply with the latest requirements worldwide.

Avoid Penalties:

Regulators are already following ICOs. With that in mind, IdentityMind provides real-time KYC and risk analysis of your contributors using proprietary data. IdentityMind also has 20+ services integrated into the platform for enhanced risk analysis, including sanctions screening, name and address validation, phone verification, device analysis, IP analysis, document validation, and facial matching.

Broaden Your Contributor Base:

Today, some ICOs exclude certain countries – not because ICOs are illegal in these countries, but because the regulatory hurdles are too difficult, complicated, or unknown. IdentityMind uses digital identities to help ensure the same person is not making multiple purchases. You can understand the reputation of each contributor, which means you can accept as many contributions as possible while still remaining fully compliant.

Simple Setup And Faster Processing Times:

IdentityMind has Swagger documentation, a RESTful JSON API, and a staging environment, which means integration can take less than 24 hours. The rules, case management, and alerts allow you to authorize contributors based on specific thresholds.

IdentityMind Features

IdentityMind’s core features include all of the following:

  • Know where contributors are coming from
  • Automated, risk-based KYC
  • Software plugin comes pre-configured with regulations for each individual country
  • ICOs can validate contributors worldwide
  • 20+ data services in one API
  • Enhanced due diligence
  • Real-time risk scoring using machine learning
  • Velocity analysis to prevent illegal behavior
  • Risk scoring on source of funds to prevent contributors that will bring regulator attention
  • Easily manually review suspicious transactions
  • Pre-built reports for regulators
  • Queue management

About IdentityMind

IdentityMind is a platform from IdentityMind Global, a Palo Alto, California-based company. The company was founded in 2013.

Before catering their services to ICOs and blockchain startups, the company focused on created trusted digital identities (TDIs). Today, their SaaS platform builds, maintains, and analyzes digital identities worldwide and allows companies to perform identity proofing and risk-based authentication.

IdentityMind Conclusion

IdentityMind is a trusted digital identity platform that recently began offering ICO-related services. IdentityMind’s platform consists of updated regulatory requirements for countries worldwide. Companies can conduct a trusted ICO based on the latest regulatory requirements. Thanks to the IdentityMind platform, companies can access a trusted identity network to ensure they truly know the customers involved in the ICO.

To learn more about IdentityMind, visit the platform online today at

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