Hyperledger In-depth with Instnt: Enabling Portable KYC for Financial Institutions

Recorded April 5, 2023

Anti money laundering and countering terrorist financing (AML/CTF) regulations demand that all financial institutions implement compliant know-your-customer (KYC) programs. The requirements of these programs are laid out globally by the Financial Action Task Force (FATF) and enforced in the US by the Financial Crimes Enforcement Network (FinCEN). The measures are largely prescriptive, subjecting individuals to the same checks repeatedly.

Instnt Access builds on top of our IDV/KYC/fraud prevention platform, leveraging the W3C VC framework and Hyperledger DL and W3C VC framework and HyperLedger's Indy DL, Aries Mobile Agent, AFJ, ACA-PY and URSA to provide passwordless login and portable credentials that enable users to be onboarded without friction across any service subscribing to the same governance framework and level-of-assurance definitions.