iCommunity Labs expands its portfolio of services of its iBS platform for its clients with new functionalities through its API, this time oriented to the verification of identity of persons and entities (KYC/KYB).
The novelty over other similar services of the competition is that all transactions processed through these services will be “notarized” in turn in blockchain, leaving an evidence of its realization for possible audits or investigations that may be required in the future.
With this new service, iCommunity Labs offers its clients the possibility of integrating and digitizing their onboarding processes for new clients through a simple integration via API, making them simpler, faster and adapting the flow to the rules and processes of each entity. In this way, any client will be able to verify the identity of a new client in less than 60 seconds, with the added advantage of generating evidence in blockchain that can be used for possible audits or investigation of alleged crimes.
Additionally, clients who use this new service have the option of storing their users’ documents encrypted in IPFS and only accessible by the individual, which guarantees data protection while allowing the possibility of accessing them in case of a need or legal requirement.
Thanks to this new service, iCommunity Labs’ iBS platform considerably improves its performance and continues to grow in its objective of providing its clients with a complete environment with which to digitize their processes through the most disruptive technologies of the moment, guaranteeing maximum security, transparency and availability in their operations while at the same time reducing costs. Like the rest of the services provided by iBS, this new API service complies with European data protection regulations (GDPR) and with SEPBLAC and AML regulations.
Do you have a business? Would you like to validate the potential of blockchain to make it more profitable and efficient?
At iCommunity, we know that the key is not to invest to invest in revolutionary systems, but to study in depth the needs of companies, assess the possibilities and evaluate the return that each innovation will have.
Our solutions provide real benefits, which can boost your company by making it more profitable and competitive.
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