BanQu is a blockchain economic identity technology platform and network that enables a secure and immutable platform for creating economic opportunities for people around the world who are refugees and living in extreme poverty. BanQu’s platform allows financial institutions to leverage its preventive and detective capabilities to assist them with the regulatory and compliance financial issues when dealing with the unbanked such as anti-money laundering (AML), know your customer (KYC), reopening of closed economic corridors, and suspicious activity reporting by providing the institutions with the user’s global financial identity components as captured in their blockchain.
Dignity Through Identity.
BanQu is the first ever blockchain Economic Identity technology (patent pending) platform and network that enables a secure and immutable platform for creating economic opportunities for people around the world who are refugees and living in extreme poverty.
The BanQu network uses a proprietary method to create a mashup of selfie plus other key human characteristics for people with no access to technology or banking.
This Economic Identity then can be augmented by critical pieces of information such as land rights, voter registration, relationship based credit profiles and health records etc.
While the uses cases are infinite, BanQu is focused on solutions in the three areas of :
1) Refugee crisis
2) Food / medical / payroll distribution in conflict zones
3) Increasing revenue streams for social enterprises via diaspora capital participation and compliance based remittance
PRODUCTS & SERVICES:
Blockchain based identity platform to provide financial inclusion for unbanked customers.
BanQu provides services to NGOs, financial institutions, and companies.
The company is partnered with Women in FinTech, Chemonics, Opportunity International Canada, WSBA, and RippleNami - a data visualization software firm