KYC Solutions
How Businesses Can Save Time & Money Using Blockchain-based KYC?
KYC is a cumbersome, time consuming, arduous and expensive process in the banking sector, financial institutions and other businesses. There are many challenges in KYC processes, which primarily involve huge costs, effort and time. Hence, with centralized databases, the process has become quite a sort of headache to banks and other businesses. So, let’s see how blockchain-based KYC can solve these problems:
- Jan 03
- 2 mins read
Key Use Cases of Blockchain
Limitations in current technologies have led to the rise of blockchain technology. The technology finds plenty of use cases across almost all the industries. So, let’s look into some of the key use cases of the blockchain technology:
- Dec 08
- 2 mins read
Problems & Challenges in Traditional KYC Systems
Ever since the global financial crisis in 2008, KYC regulations have become very strict in many countries. This gave rise to a lot of issues, ever since. It turned out to be more of a…
- Dec 07
- 2 mins read
How Blockchain can solve KYC problems globally
KYC is important for FinTech companies & Blockchain can solve the major problem in KYC system. There are many flaws in the current KYC system including the cost & regulations. Blockchain can reduce the cost of the the KYC 7 also reduce the turn around time for the service providers.
- Dec 06
- 2 mins read
Use Cases of Blockchain Technology
Blockchain is a revolutionary technology that is sure to change the whole world a few years from now. It compares to what the internet was like in the early 90s. Nobody knew what the internet was going to be or what we were going to do with it. Twenty years later, the internet is just about everything. The same is said of Blockchain technology, which is still in its infancy.
- Nov 30
- 9 mins read
What are Records in RecordsKeeper?
Documents or Records in RecordsKeeper are the digital copy of any document, record, transaction, agreement, file, page, image etc. Anything that can be converted into a PDF, JPEG, PNG, ZIP or GIF can be called document or record. In Rec In RecordsKeeper, an account can have multiple lockers and each locker can have zero or more categories associated with each locker. Again these categories can have zero or more documents associated with it as shown in the below diagram.
- Nov 15
- 2 mins read
What are streams in RecordsKeeper?
Lockers are virtually the collection of documents & categories of an entity. You can also call it a place where you will keep your documents stored for an individuals or a business. One account can have multiple lockers for multiple purposes. For example, Alice can have 3 lockers to have better arrangements of her documents or records.
- Nov 15
- 2 mins read
What is a use case for Large Businesses with Intra-Businesses setup?
Let’s say, for example, Kotak Bank has implemented our solution in-house to save time & money avoiding redundancy in KYC within the Bank. Below steps will result in saving cost & time through Intra-Bank KYC Blockchain model.Let’s say Kotak Bank has implemented our solution in-house to save time & money avoiding redundancy in KYC within the Bank. Below steps will result in saving cost & time through Intra-Bank KYC Blockchain model.
- Nov 10
- 2 mins read
How can financial institutions use RecordsKeeper Blockchain ?
Using the blockchain technology, banks can effortlessly deploy an intra-bank application within the same banking group. For example, if a savings account customer wishes to avail credit card services from the same bank, the card division can look up the ledger using the unique reference number and easily ascertain the customer’s KYC status.
- Nov 10
- 2 mins read
What is the Use Case of RecordsKeeper for Government Regulations ?
Use Case : Government Regulation Polices over RecordsKeeper Blockchain Identification documents or licenses verification is a tedious but mandatory job for all citizens. These documents can easily be faked, which has a direct impact…
- Nov 10
- < 1 min read
Recent Posts
Archives
Categories
Subscribe to Solvemint
I want the latest update in...
Latest Post
RecordsKeeper Token Distribution Cancellation Announcement
- November 16, 2018
- 2 mins read
Finding work in Blockchain Space
- October 10, 2018
- 3 mins read
Digital Identity Platform on RecordsKeeper
- October 1, 2018
- 3 mins read
How RecordsKeeper Blockchain Can Prove to be a Boon for the Telecom Industry?
- September 27, 2018
- 2 mins read
Recent Comments