TrustID
Entity

  • TrustID

    Created in 2017
  • BETA

    To investigate (B)
    Some signals may appear as inconsistent with a regular activity

  • Social networks

    67 132

  • Activities

    it services privacytech

  • Technologies

    A.I. Blockchain/Cryptocurrency

  • Entity types

    Startup

  • Location

    10 Rue Georges Pitard, 75015 Paris, France

    Paris

    France

  • Employees

    Scale: 2-10

    Estimated: 1

  • Engaged corporates

    3
    2 1

  • Added in Motherbase

    4 years, 8 months ago
Description
  • Value proposition

    [Automatic translation follows] Authenticate postal addresses and mobile phone numbers instantly.

    The tightening of regulations relating to KYC for financial institutions is likely to complicate their operational functioning on these subjects.
    They will continue to:
    - ask their customers for multiple pieces of information
    - keep the supporting documents received for longer
    - incur the risk of higher penalties.
    From a business point of view, it is becoming a real challenge to meet these regulatory requirements without scaring off prospects or customers.
    From the consumer's point of view, things are no simpler and the enrollment procedures are becoming very cumbersome.
    With its innovative solution, TrustID provides total simplification of verification processes by streamlining the consumer experience and optimizing operational management for the financial institution. Indeed, the consumer will simply have to name at least one biller (telecom operators or energy suppliers) with whom they are subscribed and the TrustID platform instantly verifies the truth of the information. KYC is instantaneous with a unique certificate of authenticity!
    Thus, the enrollment process is faster, the customer does not have to upload or send supporting documents by post and, for its part, the financial institution no longer has to carry out back office checks and store evidence. All this in a secure manner for everyone and in full compliance with the rules on consumer private data.

    blockchain, authentication, AI, GDPR, selfcare, and acpr

  • Original language

    Authentifier les adresses postales et les numéros de téléphone mobile de manière instantanée.

    Le durcissement de la réglementation en relation avec le KYC pour les institutions financières est de nature à complexifier leur fonctionnement opérationel sur ces sujets.
    Elles n'auront de cesse de :
    - demander de multiples informations à leurs clients
    - conserver toujours plus longtemps les justificatifs reçus
    - encourir des risques de pénalités plus élevées.
    D'un point de vue business, cela devient un véritable challenge de satisfaire ces exigences règlementaires sans faire fuir le prospect ou le client.
    Du point de vue du consommateur, les choses ne sont pas plus simples et les procédures d'enrôlement deviennent très lourds.
    TrustID par sa solution innovante apporte une totale simplification des processus de vérification en fluidifiant l'expérience du consommateur et en optimisant la gestion opérationnelle pour l'institution financière. En effet, il suffira au consommateur de nommer au moins un facturier (opérateurs télécom ou forunisseurs d'énergie) auprès duquel il est abonné et la plateforme TrustID effectue instantanément la vérification de vérité des informations. Le KYC est instantané avec un certificat d'authenticité unique!
    Ainsi, le processus d'enrôlement est plus rapide, le client n'a pas à charger ou adresser par voies postales des justificatifs et de son côté, l'institution financière n'a plus à effectuer des contrôles back office et stocker les preuves. Tout ceci de manière sécurisée pour tous et dans le respect total des règles sur les données privées des consommateurs.


    blockchain, authentification, IA, RGPD, selfcare, and acpr

Corporate interactions BETA
Corporate TypeTweets Articles
Le Village by CA
Le Village by CA
Startup accelerator & VC, Business Consulting and Services
Le Village by CA
Startup accelerator & VC, Business Consulting and Services 		Not capitalistic
Not partnership
Event

14 Sep 2018


Wavestone
Wavestone
Consulting, Business Consulting and Services
Wavestone
Consulting, Business Consulting and Services 		Not capitalistic
Not partnership
Event

11 Mar 2018


Orange
Orange
Telecoms, Law Practice, Telecommunications
Orange
Telecoms, Law Practice, Telecommunications 		Not capitalistic
Partnership
Event

12 Oct 2017


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