Distributed Ledger Technology freed from its chains

Blockchain, the technology underlying Bitcoin and other crypto currencies has been the talk of the town for some years now. It seems a dull day that goes past without some mention of how Blockchain is going to change the world in one way or another.

Organisations spend a lot of time and money resolving conflicting data records on their customers, accounts, transactions,

OmniPayments is taking a novel approach to Blockchain. Know-Your-Customer (or KYC) is one of the fundamental requirements of a business as new customers are registered within their systems.  One of the biggest challenges facing the modern digital bank today is speeding up the KYC element of onboarding.  The modern benchmark for onboarding of new customers is now minutes not days, meaning banks and other Financial Providers need modern and immediate microservices to complete the jigsaw of the service they are providing to their end-customer.  The modern financial institution is really an IT company that just happens to have a banking license. 

OmniPayments new KYC as a service enables governments, financial bodies, and regulators to roll-out Identity-verification as a service for the population as a whole.  As clients register their identity in the Blockchain-based OmniPayments Blockchain KYC, it is immutable data that can be verified by subscribers to the service.

Craig will be attending the upcoming NonStop Connect Worldwide event on Distributed Ledger Technology and Blockchain at Fenchurch St., London on June 12, and will be pleased to engage with you in active discussion.