norbloc provides a KYC platform utilizing distributed ledger technology to streamline customer onboarding and data validation processes. This solution reduces compliance costs and enhances data sharing among organizations, addressing the challenges of fragmented KYC information and increasing operational efficiency.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges in streamlining customer onboarding and data validation due to fragmented KYC information and data silos both within and between entities. This leads to increased compliance risks, complexity, and costs associated with KYC and KYB processes.
Solution
norbloc offers a suite of KYC and KYB solutions designed to improve customer experience and maximize the security of KYC compliance. The platform utilizes distributed ledger technology to streamline customer onboarding, internal data sharing, and external data sharing across institutions, creating a "single version of truth" for validated KYC data. By breaking down data silos and fostering collaboration between organizations, regulators, and customers, norbloc enhances KYC compliance and reduces operational inefficiencies.
Target Audience
norbloc targets organizations in financial services, payments, legal, marketplaces, trading, and shipping industries seeking to streamline KYC/KYB processes, reduce compliance costs, and improve customer onboarding.
Features
- **Sancus:** An all-in-one solution for seamless KYC onboarding, offering tools to maximize the security and robustness of KYC compliance.
- **Atlas:** Facilitates internal KYC data sharing within organizations to break down silos and improve information flow.
- **Fides:** Enables external KYC data sharing across institutions, regulators, and customers to enhance compliance and create a unified view of validated KYC data.
- Solutions for various industries including Financial Services, Payments, Legal Firms, Marketplaces, Trading, and Shipping.