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KYC/Identity Management

Bluzelle along with a consortium of Asian banks developed a new identity management system powered by the Blockchain and Bluzelle's technologies.

There are many issues with the current KYC process that lead to excessive financial burden, error prone audit trails, and long customer on-boarding times.

Our blockchain-enabled KYC shared ledger platform addresses challenges and benefits all stakeholders

  • Shared ledger: Private and immutable ledger that enables sharing of KYC information across banks in a transparent and secure manner
  • Common KYC standard: A common standard for performing KYC checks and screening reduces operational inefficiencies for banks and enhances overall banking experience for individual and corporate customers
  • Up-to-date customer data: A single source for customer data reduces potential for fraud by inhibiting data ambiguity
KYC Identity Management