Onboarding

Decentralized identity apps transform Know-Your-Customer (KYC) and Know-Your-Business (KYB) procedures used by large online platforms to verify their platform users or companies, effectively replacing tedious manual document verification with a swift, secure exchange of verified digital credentials. This process leverages decentralized identity apps that not only provide essential credentials like passports and ID cards but also enable direct integration with governmental identity databases globally. With regulations such as eIDAS 2.0 and DMA on the horizon, our solution is poised to meet official credential requirements, offering a future-proof method for identity verification.

Key Benefits

Efficiency: Eliminate manual processing bottlenecks. Our solution accelerates the onboarding process, significantly cutting down the time and resources spent on KYC and KYB verifications.

Enhanced User Experience: We prioritize your customers’ convenience, streamlining the verification journey to boost satisfaction and minimize dropouts.

User Sovereignty: Your customers hold the reins to their data, sharing only what’s necessary through selective disclosure. This ensures adherence to data minimization principles.

Fraud Prevention: Leverage the robust security features of decentralized identity apps to enhance your fraud detection measures, protecting your business and your users.

Regulatory Compliance: Our platform is designed to keep you in line with evolving KYC, KYB, and other regulatory mandates, safeguarding your operations against legal risks.

How it works

Initiation: Customers start by clicking an onboarding button on your platform.

Method: They’re redirected to our platform to choose their identity app, which generates a QR code.

Verification: Upon scanning the QR code with their identity app, customers’ identities are authenticated, and credentials are shared.

Completion: The process concludes once your platform has processed the verified information, granting customers access.

Remarks

Our platform signifies a leap forward in onboarding, leveraging decentralized identity technology to offer an efficient, secure, and user-first verification experience. This method not only eliminates traditional manual document processing but also aligns with the digital age’s demands for speed, security, and compliance.

For more insights on revolutionizing your onboarding process with our decentralized identity solution or to discuss your specific needs, don't hesitate to reach out to our team. Together, we can redefine the onboarding experience for your platform.