KYC-Chain

blockchainekyc/aml/cftregtech

FOUNDING YEAR: 2013
LOCATION: Hong Kong
Last Update: 01/05/2020

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About

KYC-Chain is a novel platform built over the conveniency and security of blockchain and smart contracts technology, allowing banks and financial institutions to manage KYC (Know Your Customer) data in a reliable and easy manner.KYC-Chain provides consensus on identity of individuals at the highest level of trust, bringing a new level of ease and simplicity to the process of onboarding new customers for businesses and financial institutions, while securing the verification of compliance standards.

MEDICI Analysis

KYC-Chain offers a blockchain-powered platform that enables banks and financial institutions to manage their KYC (Know Your Customer) data in a secured manner. It offers Quick-KYC that helps financial institutions, intermediaries such as lawyers or accountants, FinTech startups, and anyone requesting KYC from companies or individuals to onboard new customers, manage their customer lifecycle, sanction screening against regulatory watch lists. Additionally, it enables users to search for company registry data in over 100 countries and maintain compliance with regulatory laws in collaboration with leading compliance firms.

Focus

PRODUCTS & SERVICES

KYC-Chain's main product Quick-KYC helps financial institutions, intermediaries such as lawyers or accountants, FinTech startups, and anyone requesting KYC from companies or individuals to: - Quickly onboard new customers. - Manage the customer lifecycle including off-boarding and review. - Sanction screen any persons, companies, or beneficial owners (and text in all forms) against regulatory watch lists. - Securely audit and maintain a pristine audit trail backed with blockchain hashes. - Search for company registry data in over 100 countries. - Search for Credit Bureau information. - Maintain compliance with regulatory laws, in collaboration with leading compliance firms including Compliance Asia and Chappuis Haulder (regulatory rules, consumable via API & chatbot). - Verify identities and extract data from identity documents via optical character recognition (OCR) and biometric comparison (via selfie video). - Connect to a variety of different blockchains and distributed ledgers including Bitcoin, Ethereum, Eris (now Monax), Hyperledger (indy), and R3 (Corda). - Fully Robust E-Signature module (compliant with European & US standards) with E-Notary, E-Stamp, E-Signature via x509 certificates. - Enable self-sovereign identity and true ownership of data to the identity owner (end-customer). - Transfer data across business lines or borders in compliance with even the strictest data privacy regimes, and with the consent and control of the identity owner.

MAIN CLIENTS

The company has clients from financial services (including FinTech & cryptocurrency startups) and the professional services sectors.

EXISTING PARTNERSHIPS

RHT Compliance Solutions

C6 Group

Dow Jones

AWS

Hashcom

RegPac Revolution

KoSAC

Shentilium

Handshakes

PRIMARY PROBLEM SOLVED

KYC-Chain Ltd., a Hong Kong based company with offices in HK and Thailand has been building identity technology leveraging distributed ledgers and blockchain. KYC-Chain is on its 3rd generation platform, built with help and collaboration with Standard Chartered Bank. KYC-Chain is used by a variety of global financial participants to eliminate the pain of KYC. KYC-Chain's main product Quick-KYC helps financial institutions, intermediaries such as lawyers or accountants, fintech startups, and anyone requesting KYC from companies or individuals to: -Quickly onboard new Customers -Manage the Customer Lifecycle including off-boarding and review -Sanction Screen any persons, companies, or beneficial owners (and text in all forms) against regulatory watch lists -Securely Audit and maintain a pristine audit trail backed with blockchain hashes -Search for company registry data in over 100 countries -Search for Credit Bureau information -Maintain compliance with regulatory laws, in collaboration with leading compliance firms including Compliance Asia and Chappuis Haulder (regulatory rules, consumable via API and chatbot) -Verify identities and extract data from identity documents via optical character recognition (OCR) and biometric comparison (via selfie video) -Connect to a variety of different blockchains and distributed ledgers including Bitcoin, Ethereum, Eris (now Monax), Hyperledger (indy) and R3 (Corda). -Fully Robust E-Signature module (compliant with European and US standards) with E-Notary, E-Stamp, E-Signature via x509 certificates -Enable self Sovereign identity and true ownership of data to the Identity Owner (end customer) -Transfer data across business lines or borders in compliance with even the strictest data privacy regimes, and with the consent and control of the Identity Owner.

People

FOUNDERS

Edmund John Lowell

BOARD MEMBERS AND ADVISORS

Brian Elders

company provided insights

Momentum

FUNDED

NO

LISTED

NO

Innovation Programs

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KYC-Chain

About

KYC-Chain is a novel platform built over the conveniency and security of blockchain and smart contracts technology, allowing banks and financial institutions to manage KYC (Know Your Customer) data in a reliable and easy manner.KYC-Chain provides consensus on identity of individuals at the highest level of trust, bringing a new level of ease and simplicity to the process of onboarding new customers for businesses and financial institutions, while securing the verification of compliance standards.

Focus

PRODUCTS & SERVICES

KYC platform for enterprises & banking institutions using blockchain

TOP PROBLEM SOLVED

KYC-Chain Ltd., a Hong Kong based company with offices in HK and Thailand has been building identity technology leveraging distributed ledgers and blockchain. KYC-Chain is on its 3rd generation platform, built with help and collaboration with Standard Chartered Bank. KYC-Chain is used by a variety of global financial participants to eliminate the pain of KYC. KYC-Chain's main product Quick-KYC helps financial institutions, intermediaries such as lawyers or accountants, fintech startups, and anyone requesting KYC from companies or individuals to: -Quickly onboard new Customers -Manage the Customer Lifecycle including off-boarding and review -Sanction Screen any persons, companies, or beneficial owners (and text in all forms) against regulatory watch lists -Securely Audit and maintain a pristine audit trail backed with blockchain hashes -Search for company registry data in over 100 countries -Search for Credit Bureau information -Maintain compliance with regulatory laws, in collaboration with leading compliance firms including Compliance Asia and Chappuis Haulder (regulatory rules, consumable via API and chatbot) -Verify identities and extract data from identity documents via optical character recognition (OCR) and biometric comparison (via selfie video) -Connect to a variety of different blockchains and distributed ledgers including Bitcoin, Ethereum, Eris (now Monax), Hyperledger (indy) and R3 (Corda). -Fully Robust E-Signature module (compliant with European and US standards) with E-Notary, E-Stamp, E-Signature via x509 certificates -Enable self Sovereign identity and true ownership of data to the Identity Owner (end customer) -Transfer data across business lines or borders in compliance with even the strictest data privacy regimes, and with the consent and control of the Identity Owner.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Standard Chartered : Customer and helped build 3rd version

Compliance asia : uses our app for compliance onboarding

DollarSmart : Money remittance company

Traction

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

CHANNEL STATUS

MULTIPLE CHANNELS

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Apr 2016
USD100 K
at a USD2 Mvaluation