Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How does a cross-border escrow service ensure the authenticity of documents involved in a transaction?

A cross-border escrow service, such as Castler’s Digital Identifier system, ensures the authenticity of documents involved in a transaction by implementing a rigorous verification process. This process involves verifying the identity of the parties involved in the transaction, as well as the authenticity of the documents being exchanged.

To verify the identity of the parties, the escrow service may require government-issued identification documents, such as passports or driver’s licenses. They may also require additional documentation, such as proof of address or business registration documents.
To verify the authenticity of the documents being exchanged, the escrow service may use various methods, such as digital signatures, notarization, or third-party verification services. These methods help to ensure that the documents are legitimate and have not been tampered with.

Overall, a cross-border escrow service plays a crucial role in ensuring the authenticity of documents involved in a transaction, which helps to protect both parties from fraud and other risks.