Safin: A simple approach to KYC
So happy to announce the completion of this concept project I started two weeks ago. I will also love and appreciate if you can give me a comment and a review of what you think about this project
About the Project
This project aims to make the Knowing your customer(KYC) process in Fintech and Blockchain Products seamless and easy for a user to use
The Problem
The KYC process in fintech, blockchain and banking products is taking too long for users, therefore leading to loss of new users or lack of interest from existing one.
On the other hand, fintech, blockchain and banking products face huge AML fines for non-compliance with money laundering regulations.
The Solution
My approach was to create a product that helps a user stores information required for an Identity verification. The beauty is that the information a user stores on this product can be reused on any fintech or blockchain product with a single click.