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.
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:
Invidem also benefits our clients’ customers by providing:
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.