How they describe themselves: IdentityMind, the inventor of Trusted Digital Identities, offers a SaaS Platform that builds, maintains and analyzes digital identities worldwide. Our platform allows companies to perform identity proofing, risk-based authentication, regulatory identification, and ultimate detect and prevent synthetic identities, and stolen identities. We extend our platform with transaction monitoring for e-commerce fraud prevention, anti-money laundering, and the counter financing of terrorism (CFT). We continuously validate and risk score digital identities worldwide through patented our eDNA™ technology to ensure global business safety and compliance at customer onboarding and throughout their lifecycle.
How they describe their product/innovation: KYC Plug-in – GDPR-ready: A SaaS-based solution for Fintech companies, ICOs, and traditional financial services institutions looking to adopt a full identity-proofing solution that meets global KYC regulations and simplifies GDPR compliance for KYC processes. The plug-in is a pre-configured, but highly customizable SaaS solution that manages the KYC user experience using a risk-based approach, and that provides the set of reports that auditors and examiners require to assess the regulatory process along with the customer private data (PII) protection functionality required by GDPR.
Product distribution strategy: Direct to Business (B2B)