Identity Compliance, Simplified
We help financial institutions meet the strictest new data privacy rules, eliminate redundant identity compliance checks, and improve the customer experience.
Streamlining digital identity provides: user control of personal identity services; reusable multi-platform governance efficiency; trust assurance for customer privacy; and enables regulatory compliance for financial institutions, corporate clients & identity partners.
Financial institutions face growing compliance challenges related to identity, with KYC costs that can exceed $500 million annually for large banks.
Strict data privacy rules such as the European General Data Protection Regulation (GDPR) additionally limit the ability to access validated customer identity attributes, with potential fines up to €20 million or 4% of worldwide revenues.