PAID Network integration of KYC3 for Ignition Platform

Partnership delivering DeFi powered SMART Agreements to make business exponentially more efficient.

KYC3 delivers real-time Know Your Customer (KYC) solutions, onboarding with 2-factor biometric authentication, reporting and research.

This partnership offers tremendous added value to our network of users;

  • KYC3 data centers’ implementation of ISO 27001 compliance (international standard on how to manage information security)
  • KYC/AML obligations being covered within the PAID ecosystem offers private investment funds the opportunity to take part in the market without legal uncertainty.

KYC3 has built a strong reputation in the complex world of regulatory compliance and protection. To further increase confidence in partnerships with key players in traditional finance and the decentralized ecosystem, KYC3 has added the technology of Peer Mountain’s patented Peerchain™ Protocol.

PAID will leverage KYC3 and Peer Mountain to identify, analyze and understand exactly who we’re doing business with. Key areas of focus will centre around — credit, loan, transaction, settlement and insurance organizations.

About KYC3 and Peer Mountain

KYC3 was founded in 2014 with the mission to deliver data mining and analysis solutions for risk management using big data. It consolidates all the required information about clients in a time and cost-effective way.

Its real-time protocol integrates risk assessments and risk scoring for anti-money laundering, counter-terrorism financing and screening of customers, including a 360° KYC/AML process (legal documentation, API documentation and follow-up enhanced KYC/AML risk assessments).

The implementation of KYC3 in use cases thus far have identified that clients have been able to streamline KYC processes resulting in; reduced costs, reduced onboarding time and safeguarding against unauthorized data acquisition.

With KYC3; you take control of compliance and effortlessly manage risk.

Peer Mountain is an application ecosystem designed to facilitate the commerce and exchange of digital and physical services. The fundamentals of Peer Mountain are underpinned by KYC3.

Peer Mountain is the first decentralized peer-to-peer trust marketplace that connects self-sovereign identity owners with service providers bound by regulatory compliance, and elicits a new concept surrounding how and where individuals and organizations conduct business.

The implementation of cryptographic protocols allow people and institutions to create (and own) a trusted record that encompasses digital identity, trust relationships, and proof of activities. In other words, members own and control their data; they decide who can access it and when they can access it.

Peer Mountain’s Peerchain™ interchain protocol enables interoperability amongst all entities. Users can share relevant aspects of their secure identity with any organization in the marketplace, regardless of the specific systems they use.

About PAID Network

PAID is a blockchain-based decentralized legal ecosystem led by serial entrepreneur Kyle Chasse which aims to reduce the complexity associated with the current legal system by using the Smart Agreement template.

It is becoming the de-facto platform for conducting business. PAID’s intention echoes the KYC/Peer Mountain ethos; to be a reliable and responsible solution to KYC that anyone in the world can utilize — even outside the world of cryptocurrency.

We look forward to working with the KYC3 and Peer Mountain team(s) through 2021 and beyond. We hope our supporters are as excited as we are!

The future is safe…and it just got a whole lot safer!

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