Satisfy your company’s KYC requirements with Civic’s easy-to-use, private, and secure Reusable KYC solution.
The Civic mobile app enables your users to scan and verify their identity documents so you can satisfy your company’s KYC requirements. Leverage trusted 3rd parties in the Identity.com Marketplace to validate personal information with blockchain attestations and store everything locally on the user’s mobile device.
Civic Reusable KYC reduces the overhead costs related to compliance and fraud prevention controls as a user only needs to be verified once.
Civic allows for a simplified user onboarding experience as users only need to submit their data once in the Civic app to get verified.
With Civic Reusable KYC, organizations easily have proof of identity information being authenticated by a trusted institution, thus, eliminating the sharing of unnecessary data.
The Civic app stores a user’s personally identifiable information (PII) securely on his or her device using high-level encryption and biometrics. The user chooses whether to approve or deny all requests for information.
As the world leader in KYC, the policies and procedures implemented here are usually taken as the basis for KYC guidelines worldwide. Known in US regulations and practice as a Customer Identification Program, it consists of: name matching against lists and determining a customer’s potential risk for money laundering, identity theft, and terrorism financing as it stacks against similar customer profiles.
The European Parliament & Council passed the 4th AML Directive in 2015, introducing a framework for prevention of the abuse of the financial system, which extends to both banks and insurers. Member states must take appropriate steps to assess, comprehend, identify and mitigate the risks of money laundering by establishing a security mechanism to coordinate the national response to these risks.
Asia has vastly differing levels of KYC practices depending on countries and even regions. Particularly, inquiries on individuals in China are severely restricted, thus, investigations into individuals and corporate entities is problematic, along with resistance to CTF. In India, the Personal Data Protection Bill 2018, is a new law in India in response to the sheer number of data breaches affecting its citizens.
While governments throughout South America are taking steps to implement anti-money laundering rules and regulations, enforcement remains an issue. There is a focus on raising the expertise level and improving the communication of these regulatory bodies to ensure better enforcement of laws and to drive quicker responses to high-risk situations.
The Africa continent is very disparate and diverse bureaucratically with limited availability of official records deeply. Continuous civil unrest and volatile privacy laws also restrict the level of information that is available. The perception of higher risk puts Africa’s banks under pressure to show they are aligning with global standards.
The AML and CTF Act 2006 gives effect to KYC laws in Australia with compliance being governed by the Australian Government agency AUSTRAC. In New Zealand, updated KYC laws were enacted in 2009 and enforced in 2010. KYC is mandatory for all banks and various financial institutions.
User logs in with the Civic Secure ID
A QR code appears, scannable with the Civic app
User opts to scan the QR code with the app
User verification process begins
User enters a primary email address
User enters a primary mobile number
User inputs the code received via SMS to verify his or her phone number
User selects an identity document for verification
User scans identity document
User verifies legibility of the identity document
Civic verifies identity document against trusted records
User undergoes a selfie comparison and liveness check on the Civic app
User takes a selfie for the comparison and liveness check
User completes the selfie comparison and liveness check
Users opt in to verify their details on the Civic Marketplace
User identity is confirmed, attested on the blockchain and reusable
User is verified via the Civic app
Civic is another high-profile company working in this area, enabling users to share and manage their verified identity data via a blockchain.
As we release Hilo to a global audience, we want to have systems in place to verify the real identities of our users. Civic provides a way to authenticate all our community members with ease.
Kastle is excited to partner with Civic, not only for Know Your Customer (KYC) services during our token sale, but as a key part of the Kastle identity verification system for all users.
Through its decentralized architecture with blockchain and biometrics, the Civic platform will provide us with the most secure multi-factor authentication process to control and protect the identities of our users.
Civic is the logical choice. The reusable KYC solution pretty much takes on the heavy lifting of verifying potential founders on our company creation platform.
With Civic Technologies, our platform will make it easier for everyone, so mortgages can be approved and funded faster.
We are very proud to announce a partnership with Civic and share their commitment to creating a world where people decide how they share personal information.
We are looking forward to bringing the benefits of decentralized identity to our developer community.
Migrating to Civic was the natural thing to do for a blockchain startup such as ours. Trust and security are extremely important in the fintech space and we believe that logging in with a simple password or seed is simply not enough.
Civic is one of those rare blockchain projects that has its act together. And fills a real need. We’re glad to be working with them.
We’re looking forward to our partnership with Civic to explore solutions that leverage the best of blockchain-based identity and mobile security to create a safer, private user experience that will benefit our telecom partners users across the globe.
Civic shares our values around privacy and protecting user information, and we’re excited to work with them to offer Civic Reusable KYC, which will be key to ensuring security and privacy on our publisher network.
Civic is keeping user data safe in a way which provides higher accuracy for businesses at lower cost
We’re happy to offer Civic login to provide a better user experience for the 150 million people a month who visit wikiHow.
We are fanatical about user security and are happy to be able to provide further protection for our customer’s identities and financial assets from the growing trends of cyber fraud and identity theft.
The Civic team have a peerless reputation when it comes to providing tangible solutions that correspond with the ever-changing threats to personal data online.
Votem was founded to improve free and fair elections around the globe and with our partnership with Civic, we know that we have a solid partner to help us achieve our mission.
By outsourcing our KYC services to Civic, we mitigate the risk of attracting hackers and identity thieves that are usually associated with traditional data management services in centralized systems that serve as a single point of failure.
Civic is recognized by OWI as a ‘Featured Company’ in our Solution Providers category because of its unique application of blockchain technology in the identity space. Civic’s multi-functional, decentralized identity ecosystem has earned numerous partnerships and distinctions since the company debuted in early 2016.
CapLinked is excited to be offering Civic as a seamless integration to our customers and to be working closely with Civic to develop innovative, secure identity verification products as we move forward with our blockchain project.
One of the many benefits of working with Civic is that their protocol actually allows for the verification of, for instance, high school diplomas and other certificates associated with user profiles.
Civic became the first company to turn identity theft protection into truly warning you before the identity theft truck hits you.
The bottom line is that Americans are not in control of when and where their personal information is being used and we plan to change that.