How the our platform works
Achieving standardized and compliant KYC information has always been a great challenge due to the vastness of the financial system and the sheer number of companies and financial institutions affected. This is the problem Invidem aims to solve: creating a single point of entry for reliable and compliant KYC information.
How does this work? One can compare Invidem to a clearing house for KYC information. Invidem is the central point where KYC information is gathered in a pre-agreed set of data that meets the already set standard, developed together with our founders. This ensures that the data set meets the needs of the market.
The service flow in short
The benefits
With the introduced solution, the end customer can efficiently manage their KYC data and grant permissions that enable the sharing of their information with the selected financial institutions that are clients to Invidem. This reduces complexity and effort for end customers and reduces cost for clients in ensuring that their customer related KYC information is compliant with regulations.