Two videos of INFINITECH project are now available on the project’s YouTube channel.
The first video demonstrates how smart contracts and Hyperledger Fabric channels work inside the INFINITECH KYC/KYB On Chain Data Governance DApp. The second one demonstrates how the KYC/KYB On Chain Data Governance DApp works.
Moreover, you can find the video “Smart Contracts Hyperledger Fabric Channels Explained in KYC Dapp”, here.
Regulatory compliance, speed and security complement the future of data sharing. The INFINITECH Know Your Customer (KYC) and Know Your Business (KYB) on chain data governance, supports financial institutions and organizations in order to securely share their clients’ data in a distributed way. In the proposed solution, the participant clientele, being either an individual or an entire corporation, need to acquire financial services that are offered by the financial institution. For the completion of this business transaction, the financial party requests that the client’s identity information is documented in a KYC/KYB data template after being legally verified.
Additionally, you can find the second video “KYC KYB On Chain Data Governance Dapp”, here.
In Anti-Money Laundering (AML) and Due Diligence (DD) processes, Know Your Customer (KYC) and Know Your Business (KYB) mechanisms ensure that the identification and validation of customer identities unfold against international policies and laws set by governments, central banks and other financial organizations. Each financial party is capable of estimating the risks involved in initiating and sustaining a new business partnership with a client. As both the customer profile data and the relevant regulations and rules are subject to changes over time, the respective maintenance and amendments of the stored information become more complex.
For more information on the INFINITECH project please:
- Subscribe to the project’s YouTube channel: https://www.youtube.com/channel/UClVeOyQyljdCpL51GSPa7Zg
- Visit the web site and consider subscribing to newsletter: https://www.infinitech-h2020.eu/