The Know-Who starts here
Our mission is simple but not simplistic: We help build trust in financial markets through knowledge. In practice, this means offering generic KYC information compliant with a standard agreed upon by the leading Nordic banks.
For our clients, such as banks and other financial institutions, this means information they can trust and use as foundation for their own risk assessments. It also benefits their customers. Financial relationships becomes smoother and safer with a customer friendly experience.
KYC information driving both business and customer value
Today, the risk of not knowing your customer well enough can be fatal to businesses. The regulatory environment is becoming increasingly complex, both nationally and globally. High values are at stake, both in monetary terms and in reputation. Any business has a moral obligation to know their customers thoroughly to help society combat criminality associated with money laundering and terrorist financing.
Invidem provides its clients with:
- Lead time reduction
- Always aligned with current regulatory requirements
- A simplified and compliant KYC process with common data standards
- Reduced risk of being exposed to money laundering and terrorist financing
Invidem also benefits our clients’ customers by providing:
- A smoother process – provide KYC information in one place and share with multiple parties
- Better overview and easy access to own KYC information
- Automated and user-friendly interface
Founded by leading Nordic banks
Invidem was founded in 2019 by six of the major banks in the Nordic countries as a joint initiative to address challenges in AML regulations for the Nordic market:
Danske Bank, DNB, Handelsbanken, Nordea, SEB and Swedbank
Together, we have developed a common standard for KYC information, which is made available through our platform. Invidem is fully independent and accessible for everyone requiring effective and compliant KYC information.