KYC-as-a-service
Verify identity documents in seconds
Our document validation & verification service prevents identity fraud, reduces costs and improves the user experience while maintaining regulatory compliance.
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What we do
V-ID partners with Caltrix Consultancy to offer a tailored solution for any financial organisation.
New KYC & AML regulations require companies to critically evaluate their operating procedures to ensure compliance, but also minimize costs, retain profitability and improve the user experience.
New KYC & AML regulations require companies to critically evaluate their operating procedures to ensure compliance, but also minimize costs, retain profitability and improve the user experience.
Improve
data authenticity
Reduce costs
Reduce client
onboarding time
GDPR-compliant
Our tailored solution assists compliance teams to solve and comply with immediate and future regulatory KYC/AML challenges.
Secure digital assets with Blockchain powered validiation
V-ID is a document validation and verification service that uses blockchain technology in order to make personal data ‘self-verifiable’, thereby removing the need for third-party verification services (e.g. examining digital copies for authenticity). Conceptually, it would work like this:
Core Challenge
1. Initial validation
If a potential investor has not yet been validated, a validator (e.g. financial/governmental institution or third-party validation service) can validate the required documents of the investor. Once successfully completed, the V-ID solution can protect the authenticity of the results allowing the validation results to be re-used.
V-ID in 90 seconds
Validation
2. File protection through a digital fingerprint
V-ID protects documents by storing the extracted unique fingerprint in one or multiple blockchains without compromising privacy or GDPR laws. Validated files can be checked and verified within 5 seconds using the drag-and-drop online interface. Validated files can be renamed and sent without losing its validated status. Only when the document is edited will the validated status be lost.
Security
3. Automation and re-use of validation
The customer now has validated documents that are approved by the Validator. These validated files can be used to fast-track the KYC process at other firms; After a 5-second verification check, the new firm can assume authenticity and accept the document(s) and thereby reduce time and costs spent.
Re-use of validations make verifying documents faster, cheaper and automated through the use of APIs.
An organisation can be both a validator (i.e. seller, when a client’s data has not been validated yet by another trusted organisation) and/or a verifier (i.e. buyer, when a client has already been validated by another trusted organisation).
Learn more about: Verification & Validation
