Pre-screen
your customers
for maximum risk management
Mitigate bad actors from your services whilst protecting your business reputation.
Conduct Know Your Customer (KYC) and Customer Due Diligence (CDD)
before your customers engage with your business.
ShareRing Use Case
How It Works
99% less riskier
if you pre-screen
your customers
KYC and CDD processes traditionally rely on manual data gathering, collation, verification, and management processes, which are also extremely time consuming and reliant on manpower.
A significant portion of these traditional KYC and CDD tasks can be replaced with pre-screening technology.
Leverage ShareRing's institutional grade verification technology to pre-screen your customer's KYC documents before the information reaches your compliance team.
Save time and costs associated with KYC, whilst remaining in compliance with Australian and UK KYC and CDD regulations.
Choose what documents
your institution needs
pre-screened
Each type of customer has their own unique KYC mandates, and thus requires a different set of documents and credentials.
Through our digital identity web-based platform, your institution can determine the exact type of information, documents and credentials needed by each category of customer. You can also choose the degree at which the information is pre-screened and verified before it reaches your compliance team.
Once you've set this information up, it is generated into a QR code for you to embed on your digital and physical touch points. All your customers have to do is scan the QR code, and share the pre-set KYC and CDD information required by your institution.
Digital identities
for improved risk management and regulatory compliance
Pre-screening is achieved through the use of digital identities, which are simply explained as verified pieces of digital information about a customer.
Your customers will create their digital identities inside the Identifi Me application.
Their digital identities are verified with institutional grade verification technology, and backed by blockchain technology for proof of immutability. This ensures the utmost security and confidence that your customers are who they claim to be.
Your customers also self-custody their digital identities, meaning your institution only receives access to selective information authorized by the customer.
Fraud Proof
Institutional Grade
Verification Technology
We combine advanced ID verification technology to ensure that users and their digital identities are who they claim to be. Achieve the ultimate fraud proof environment.
We leverage the use of:
E-Credentials
These are documents or ID cards that have been issued by authorised bodies, such as the government, and contain technology that allow for authenticity and verification checks.
Traditional Credentials
Some documents and ID cards may not contain electronic chips, but these can still be verified. We match different elements of the user's identity and match it against their non-electronic credential to ensure they are who they claim to be.
Facial Identification
We use a combination of live video, still imagery, and facial matching technology to determine whether a user is who they claim to be.
Active and
Passive Checks
We deploy a series of checks to ensure that e-credentials are issued by the correct and authorized body (like a specific government agency), and that the e-chip in the e-credential is authentic.
ShareRing Values
ShareRing never stores information from identity checks.
Our database never retains identity information, not even for a second.
Immutability
on the blockchain
When a customer has successfully verified their identity inside Identifi Me, a proof of this is anchored to the ShareLedger blockchain.
By linking a private, and non-decryptable version of the user's identity proof to ShareLedger, businesses or other 3rd parties can verify whether a user's identity remains unchanged, or untampered with throughout it's lifetime.
The proof is a string of letters and numbers, and does not reveal any actual information about the user's identity.
Think of it as your DNA - if someone read your DNA they wouldn't be able to identity anything about you as a person, except that this DNA is unique to an individual - and as long as this DNA is not contaminated (untampered with) then it's source can be trusted.
ShareRing for Your Business
Pre-screen your customers
with a QR code
Generate a QR code with the specific KYC and CDD information your institution requires.
Share this QR code with your customers, and ask them to scan it with their digital identity app, Identifi Me.
Contact us
Schedule a demo with our team
We will get back to you as soon as possible