Description
Norbloc's Fides is a revolutionary blockchain platform designed to transform the KYC (Know Your Customer) processes for financial institutions and their customers. Established to tackle the inefficiencies and redundancies of traditional KYC methods, Fides offers a secure, compliant, and immutable solution for the storage and real-time sharing of KYC data among participating entities. By enhancing transparency and reducing the time and costs associated with KYC compliance, Norbloc facilitates a streamlined onboarding experience, increases customer satisfaction, and promotes a collaborative ecosystem among banks, financial services, and other regulated industries. Fides stands out by enabling GDPR-compliant sharing of validated customer data and introducing a novel monetization model for KYC services, ensuring data integrity and offering benefits of a centralized system through decentralized architecture. This approach not only addresses the regulatory demands and operational challenges faced by financial institutions but also alleviates the burden on customers by eliminating the need to submit the same information multiple times across different platforms.
Norbloc's Fides is a revolutionary blockchain platform designed to transform the KYC (Know Your Customer) processes for financial institutions and their customers. Established to tackle the inefficiencies and redundancies of traditional KYC methods, Fides offers a secure, compliant, and immutable solution for the storage and real-time sharing of KYC data among participating entities. By enhancing transparency and reducing the time and costs associated with KYC compliance, Norbloc facilitates a streamlined onboarding experience, increases customer satisfaction, and promotes a collaborative ecosystem among banks, financial services, and other regulated industries. Fides stands out by enabling GDPR-compliant sharing of validated customer data and introducing a novel monetization model for KYC services, ensuring data integrity and offering benefits of a centralized system through decentralized architecture. This approach not only addresses the regulatory demands and operational challenges faced by financial institutions but also alleviates the burden on customers by eliminating the need to submit the same information multiple times across different platforms.
