Through the agreement between LINK Mobility and the electronic money company Pecunpay, the Fintech ecosystem and neo-banks will be able to fight against money laundering thanks to a service called KYC (Know your Costumer). This complete service, allowing biometric recognition, followed by a digital signature, is included within the client validation processes that have become obligatory in order to comply with the new European standard PSD2.
An API via SMS or email
The KYC tool aims to combat financial crime and has full legal validity. It is the most complete service on the market for this purpose and is easy to implement, through an API that is integrated into the customer environment.
The process is as follows: the customer receives an SMS or an email to validate his or her identity, then an ID card capture is performed together with a biometric validation or proof of life. Then, the information collected is accepted and finally the process of advanced digital signature with a OTP is passed. Lastly, you get a signed, certified contract with all the evidence that can be uploaded to the Blockchain network to ensure its total inalterability.
In this way, people are unequivocally identified during the virtual customer registration process and, consequently, money laundering is combated.
Pecunpay, seeking to extend the offer to its customers, has also included in the agreement with LINK Mobility advanced services through SMS, coupons and mobile payment options combined with the communication options.