Solution introduction

Redefining KYC through secure, compliant and customer-centric data sharing

Fides is a KYC data sharing ecosystem built with innovative and secure distributed ledger and blockchain technologies to improve KYC data quality and streamline data verification

An ecosystem that works for everyone

Customer centricity and control
Your customers are front and center with full control over whom they share their data with on the ecosystem, and always with the ability to revoke data access.

Integration with integrity
Fides integrates seamlessly with existing back office and CRM systems, allowing maximum coverage and collaboration while keeping costs down.

Quality with quantity
As participants onboard new customers with existing relationships to other participants, the validations update more frequently ensuring compliance and improving data quality.

How Fides works

  • Integrates to your CRM
    Fides is an API based solution that seamlessly integrates into existing CRM systems helping reduce implementation costs. The ecosystem is built on a decentralised architecture which enables data sharing to occur without the need for the platform itself to store any sensitive information. With Fides, your customer data remains where your organization stores it today, so no time is needed to transform and migrate data.
  • Decentralised and easy
    Rather than sharing sensitive and personally identifiable information, the Fides platform enables participants to share validation stamps ensuring that customer data is safely stored in the participant’s own infrastructure. Over time, the sharing of data validations increases the quality of KYC data. The platform also allows for the monetization of KYC data verification, incentivizing participants to collaborate to build better KYC processes.
  • Empowering & incentivizing
    While the ecosystem participants benefit from increased data quality, their customers enjoy from a smoother and more frictionless KYC process. Customers can quickly and proactively share their previously submitted KYC file with other participants on the ecosystem via the Unified Customer Portal (UCP). Furthermore, data submitted by customers to the ecosystem is fully owned and controlled by them, in line with the most rigorous data privacy regulations such as the GDPR.

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