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Compliance, KYC
Since the same data is required and utilised by everyone, blockchain-based SSI can satisfy the demand for general service for data without creating competition while also adhering to legislation and consumer expectations around data protection.
Both CDD and EDD are part of a complete KYC process. Identity verification (IDV) at the account-opening stage is one of the most critical moments in the process, but it doesn’t end there: read on to identify when your due diligence should kick up a notch.
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The Identity, Unlocked “eKYC with Mark Haine” Podcast Now Live
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eKYC with Mark Haine” features host Vittorio Bertocci and special guest Mark Haine
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Self-Sovereign Identity Verification and Background Screening Corporate Screening
self-sovereign identity verification, one of the game-changing background screening trends of 2021. When combined with screening activities, self-sovereign identity solutions offer opportunities to obtain more accurate candidate background data and deliver it to employers faster.
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AML Risk Reports Coinfirm
Literature
The proposed solution concept, zkKYC, removes the need for the customer toshare any personal information with a regulated business for the purpose of KYC, and yet providesthe transparency to allow for a customer to be identified if and when that is ruled necessary by adesignated governing entity (e.g. regulator, law enforcement).
Working Group
eKYC & Identity Assurance WG. Among the many dots Mark is connecting on behalf of the OpenID Foundation is work with the Global Legal Entity Identifier Foundation, the Open Identity Exchange Trust Framework Initiatives and the Open Banking Implementation Entity.