Scopic professionally developed a trusted repository for digital KYC in cooperation with Commercial Passport. The team carefully crafted the software architecture and outlined a concept that would revolutionize the way personal documentation was shared, certified, and stored in financial institutions around the globe.

The platform provided fully digital and analytical solutions to streamline business processes. The Universal KYC Solution reviewed, fully documented, and analyzed KYC data for legal entities and complex structures in an inherently efficient reusable digital master record format.

Scopic focused on ensuring the KYC was as user-friendly and effortless as possible, through a few steps that included: 

1. Easy specification of beneficial ownership and control for the legal structure, choosing from clearly defined legal entities – ensured by a sophisticated rules engine

2. Smooth and easy process of document verification

3. Electronic exchange of passwords, making the KYC experience both efficient, paperless, and healthier for the planet!

One of the most innovative aspects of this custom financial software developed by Scopic was the use of blockchain technology to maintain secure and verifiable records of document transaction histories. This – in addition to 2-factor authentication, data encryption, and document lifecycle history – would ensure that Commercial Passport offered the highest level of security available.

Check out the full project here - scopicsoftware.com/portfolio/web/commercial-passport/