Rubique implements blockchain-based smart KYC
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Rubique, an online credit marketplace providing technology-enabled end-to-end solutions to financing needs of individuals and SMEs, announced the implementation of smart KYC, a blockchain-based central repository, enabling instant, secure and seamless customeRubique implements blockchain-based smart KYC
Rubique, an online credit marketplace providing technology-enabled end-to-end solutions to financing needs of individuals and SMEs, announced the implementation of smart KYC, a blockchain-based central repository, enabling instant, secure and seamless customer identification process.Adding a layer of security to customers' data, the central repository will not only allow easy access to Rubique's customer KYC documents for any financial institution, banks or entity, but will also ensure secure flow of data transfer, since the documents are hosted on blockchain and permissions are granted by the customers themselves.The repository will host all the prior lending details of the customer, making banks and FIs confident on the authenticity of the customers' KYC documents since they have already been scrutinised to disburse a loan. This will not only simplify and ease the complex financial procedures currently undertaken by traditional banking infrastructures enabling individuals and SMEs .. Read more