KYC-Chain

KYC-Chain is a comprehensive workflow solution designed to streamline the KYC onboarding process and manage the customer lifecycle. According to the vendor, it is suitable for businesses of all sizes, from small startups to large enterprises, and caters to various professions and industries, including financial institutions, banks, cryptocurrency exchanges, compliance advisory firms, OTC trading desks, and RegTech companies.

Key Features

Flexible and Scalable: According to the vendor, KYC-Chain can be customized to meet specific requirements, including GDPR compliance. It offers integration with applications through RESTful API and claims the ability to handle a high volume of checks per day.

Individual and Corporate KYC: KYC-Chain provides a partner network for identity document verification from over 240+ countries and territories. The vendor states that it enables KYC and AML checks for individual, corporate, and institutional clients. It also claims to offer real-time screening for associated criminal activities using global sanctions and watchlists, politically exposed persons (PEPs), and adverse media databases.

Crypto Wallet AML: KYC-Chain utilizes technology to analyze historical transactions of a crypto wallet. According to the vendor, it checks against known risk indicators to identify suspicious activities and ensure compliance with anti-money laundering regulations.

Access SelfKey Network: KYC-Chain collaborates with sister company SelfKey to provide access to the SelfKey Network. The vendor claims this partnership supports a blockchain approach and introduces a tokenized KYC approach called SelfKey.iD.

Comply with Regulations: According to the vendor, KYC-Chain allows businesses to set up the system to comply with global, local, and future regulations. It claims to provide a comprehensive solution for GDPR, KYC, AML, CRS, MiFID, and FATCA laws globally.

Operate Your Business Globally: KYC-Chain claims to authenticate a wide range of documents from over 240+ countries in local languages. The vendor states that businesses can use it to onboard and verify customers worldwide, facilitating global operations.

Reduce Operational Costs: According to the vendor, KYC-Chain helps reduce operational costs by streamlining the compliance team workflow and automating screening and verification processes. It claims to efficiently review and process incoming customers, saving time and resources.

Streamline Onboarding: KYC-Chain offers a web-based application or API integration for quick customer onboarding. According to the vendor, it continuously analyzes the onboarding process for adaptation and improvement, aiming to provide a smooth and efficient onboarding experience.

World-class Customer Support: KYC-Chain offers dedicated account managers to guide and support businesses throughout the process. According to the vendor, comprehensive support services, including setup, training, maintenance, and ongoing assistance, are provided.

Secure Customer Data: KYC-Chain prioritizes data security with bank-grade security measures. The vendor claims that it ensures the protection and privacy of customer data while allowing businesses to maintain ownership of their information.