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    AKcess Case Study

    Uploaded by

    Nehme Abouzeid
    AKcess provides a digital ID solution that streamlines KYC processes for banks and other organizations. It digitizes ID documents, builds KYC profiles, and facilitates sharing and updating this information. This helps reduce costs and keeps KYC data up to date throughout the customer lifecycle. AKcess is working with various central banks, universities, money transfer companies, insurers, and other clients to implement its digital ID solution.

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    AKcess Case Study

    Uploaded by

    Nehme Abouzeid
    42 views4 pages
    AKcess provides a digital ID solution that streamlines KYC processes for banks and other organizations. It digitizes ID documents, builds KYC profiles, and facilitates sharing and updating this information. This helps reduce costs and keeps KYC data up to date throughout the customer lifecycle. AKcess is working with various central banks, universities, money transfer companies, insurers, and other clients to implement its digital ID solution.

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    AKcess provides a digital ID solution that streamlines KYC processes for banks and other organizations. It digitizes ID documents, builds KYC profiles, and facilitates sharing and updating this information. This helps reduce costs and keeps KYC data up to date throughout the customer lifecycle. AKcess is working with various central banks, universities, money transfer companies, insurers, and other clients to implement its digital ID solution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    42 views4 pages

    AKcess Case Study

    Uploaded by

    Nehme Abouzeid
    AKcess provides a digital ID solution that streamlines KYC processes for banks and other organizations. It digitizes ID documents, builds KYC profiles, and facilitates sharing and updating this information. This helps reduce costs and keeps KYC data up to date throughout the customer lifecycle. AKcess is working with various central banks, universities, money transfer companies, insurers, and other clients to implement its digital ID solution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    AKcess Case Study

    Digital ID - Unified KYC

    Digitizing ID Documents, KYC profile building, sharing and updating


    AKcess not only achieves time and cost saving for the initial onboarding, KYC and AML checking, but also
    keeps it up to date. It manages the update process efficiently, thus becoming integral to your customer
    lifecycle.

    Nehme Abouzeid
    CTO

    AKcess Labs Ltd.


    265 Kingston Road
    Wimbledon SW19 3NW
    London - UK
    Background
    KYC has become a mainstream buzzword. In recent years, Know Your Customer, also
    know as user profile or user account, is and has always been a key part of the
    customer’s lifecycle. Requirements for processing KYC data and meeting financial
    crime (AML) regulations, has become a critical component of banking functions. Both
    Banks and customers are, however, struggling with time-consuming KYC
    requirements, often including many merchants, banks, utilities and formats. Inefficient
    processes also impact merchants negatively, slowing down transaction processes, and
    increasing administration costs and risks.

    At the same time, the banking community is continuously facing more regulations and
    requirements related to KYC processes. There is hence a need for a consolidated,
    efficient and accurate way to serve customers, banks and society.

    The AKcess solution contributes to ensuring a healthy financial environment,


    preventing financial crime and protecting customers and society.

    At a glance

    FUNCTIONALITY

    ● Digital ID Solution
    ● Secure Identity & Documents Storage
    ● KYC Profile and personalised platform
    ● Peer-to-Peer Contacts Management System
    ● Login & Password Manager
    ● Push Notifications — Managed by the user
    ● Merchants & Account Integration

    TECHNOLOGY

    ● AKcess Mobile App for Users


    ● AKcess Mobile App for Verifiers
    ● AKcess API for Viewers
    ● AKcessChain BlockChain and DLT
    ● AKcessDB
    ● AKcessCloud
    What is AKcess Doing?
    AKcess Labs has been very busy acquiring customers from the various sectors. Below is a
    quick snapshot of the ecosystem that AKcess is building. How do you fit in? Contact us so
    we can show you how AKcess can help.

    Central Banks

    African Central Bank Enabling cashless society. AKcess will be used as the main ID for
    delivering the CBE's digital bank as well as for KYC and compliance requirements for all banking
    accounts. The solution will also solve the issue of managing blacklists. So bad accounts and
    transactions will be identified in near real time.

    ME Central Bank Catering for a unified banking identity for all consumers and companies.
    Anyone wanting to open a bank account or operate a bank account must apply for a banking identity.
    We are working with the central bank to put in place the process, Digital ID solution, and ways to
    utilise this ID for KYC, AML and transaction monitoring.
    AKcess will be positioned to manage this new banking ID, the central bank will be automatically
    notified of the client's KYC and AML details. Thus removing the need for a lot of paperwork and time
    wasting.

    Universities

    UK Student ID replacement and working with the Mechanical Engineering department on IoT
    devices.

    UK Alumni ID in a digital format so that they can access the Alumni lounge and passwordless
    login to the portal.

    Lebanon Using AKcess as their Student Digital ID and working on a UN funded national
    unified library project. All students to have universal entry access to libraries in all universities..

    Money transfer eKYC solution. A major money transfer operator will integrate our Viewer API into
    their mobile application to scan consumer’s ID for identification, transaction logging and storing.

    Insurance A local insurance reseller to use AKcess Digital ID and eKYC solution for client
    onboarding, claims and statement management, and to identify customers and share KYC data.

    Facilities Management A luxury property developer and the appointed facilities management will
    deploy AKcess ID to all residents, employees and security personnel. All residents and and visitors will
    download the AKcess app, register and have their details and IDs validated. After being verified once,
    security personnel will be able to scan a resident’s ID and check/log their entry into the building.
    Residents will also be able to add Visitors – and set their allowed entry and time allocation to enter the
    building. Residents will also be able to submit eForms directly for any facility management requests.

    Parking Operator Using AKcess Digital ID for all their staff and members (parking management
    solution) including the Security and geo-location restricted time attendance.
    AKcess Ecosystem

    What we can do?


    AKcess complements your existing processes and technology and work with you to provide a
    unified KYC solution for your entire ecosystem. Being a complete KYC and Digital ID
    solution it can be used by all corporates and governmental institutions.

    For the last two years, AKcess has been fine-tuned and continually enhanced. Learning from
    the market and other initiatives. We are using the best fit-for-purpose technologies to deliver
    a state of the art solution. Immediately start using our BlockChain driven digital ID and
    integrate it with your existing infrastructure.

    The aim is not only to have a POC or a Pilot, but to release a working solution, in a live and
    production environment. Already DLT and BlockChain technologies have been proven fit for
    purpose, AKcess is about making it real.

    With AKcess ID, our go-to-market time will be very quick. Our platform, consisting of the
    app, network and backend, is in place and ready to be launched. The client’s AKcess identity,
    will be self-shared between different banks and institutions, in a consistent, secure, standard
    and GDPR-compliant way.

    ______________________________________________________________________________________________________

    Contact: Nehme Abouzeid, CTO, AKcess Labs +44 7398 492617 or [email protected]

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