Partnership delivering DeFi powered SMART Agreements to make business exponentially more efficient.
KYC3 delivers real-time Know Your Customer (KYC) solutions, onboarding with 2-factor biometric authentication, reporting and research.
This partnership offers tremendous added value to our network of users;
- KYC3 data centers’ implementation of ISO 27001 compliance (international standard on how to manage information security)
- KYC/AML obligations being covered within the PAID ecosystem offers private investment funds the opportunity to take part in the market without legal uncertainty.
KYC3 has built a strong reputation in the complex world of regulatory compliance and protection. To further increase confidence in partnerships with key players in traditional finance and the decentralised ecosystem, KYC3 have added the technology of Peer Mountain’s patented Peerchain™ Protocol.
PAID will leverage KYC3 and Peer Mountain to identify, analyse and understand exactly who we’re doing business with. Key areas of focus will centre around — credit, loan, transaction, settlement and insurance organisations.
Nick Fernandez, Operations Manager, at PAID Network says:
“Having the PAID Ignition platform partner with KYC3 is a game-changing addition for our PAID community. Integrating KYC3 into the Ignition platform provides ease of use, it streamlines the usually time-consuming KYC process. With KYC3 on Ignition, users only have to input their KYC information once –during their first lottery registration. After this, users just have to log on to the platform and join lotteries without having to repeat the KYC process. All the PAID community has to do now is continue to HODL their $PAID tokens to #GETPAID”
About KYC3 and Peer Mountain
KYC3 was founded in 2014 with the mission to deliver data mining and analysis solutions for risk management using big data. It consolidates all the required information about clients in a time and cost-effective way.
Its real-time protocol integrates risk assessments and risk scoring for anti-money laundering, counter-terrorism financing and screening of customers, including a 360° KYC/AML process (legal documentation, API documentation and follow-up enhanced KYC/AML risk assessments).
The implementation of KYC3 in use cases thus far have identified that clients have been able to streamline KYC processes resulting in; reduced costs, reduced onboarding time and safeguarding against unauthorised data acquisition.
With KYC3; you take control of compliance and effortlessly manage risk.
Peer Mountain is an application ecosystem designed to facilitate the commerce and exchange of digital and physical services. The fundamentals of Peer Mountain are underpinned by KYC3.
Peer Mountain is the first decentralised peer-to-peer trust marketplace that connects self-sovereign identity owners with service providers bound by regulatory compliance, and elicits a new concept surrounding how and where individuals and organisations conduct business.
The implementation of cryptographic protocols allow people and institutions to create (and own) a trusted record that encompasses digital identity, trust relationships, and proof of activities. In other words, members own and control their data; they decide who can access it and when they can access it.
Peer Mountain’s Peerchain™ interchain protocol enables interoperability amongst all entities. Users can share relevant aspects of their secure identity with any organisation in the marketplace, regardless of the specific systems they use.
About PAID Network
PAID is a blockchain-based decentralised legal ecosystem led by serial entrepreneur Kyle Chasse which aims to reduce the complexity associated with the current legal system by using the Smart Agreement template.
It is becoming the de facto platform for conducting business. PAID’s intention echoes the KYC/Peer Mountain ethos; to be a reliable and responsible solution to KYC that anyone in the world can utilise — even outside the world of cryptocurrency.
We look forward to working with the KYC3 and Peer Mountain team(s) through 2021 and beyond. We hope our supporters are as excited as we are!
The future is safe…and it just got a whole lot safer!
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