Verified AML-related business data at your fingertips, integrated in your bank’s processes & IT systems.
Companies that start a commercial relationship with your bank, enter their data in your online onboarding environment.
Your bank’s compliance officer receives the data and verifies every field according to commonly agreed verification rules.
The KYC dataset and the verification status of each individual data field is available on KUBE for other banks to use as long as they are authorised by the company to do so.
Banks that are connected to KUBE and start a commercial relationship with a company already on KUBE can use the KYC data and the verification status of each field. In case of KYC renewal, the updated data is also shared between banks.
KUBE is based on a temper-proof blockchain platform that creates trust between banks and reduces dependency on a central actor.
KUBE is an open platform in which banks have to adhere to governance rules. Your bank is member of a governance body that guards KUBE’s future.
KUBE conforms to GDPR by design and it’s data is decentralized. Verified KYC data is only stored in your bank’s online onboarding environment. KUBE is also AML compliant and provides full auditability of all transactions.
APIs and their documentation are available to facilitate back-end & front-end integration in your bank’s own systems.
Banks are unaware of the company’s other business relationships without authorisation of that company.
Isabel Group, as operator of KUBE, provides mutualized functionalities in order to increase the trust between all parties: invoicing, reporting, security …
KUBE is extensible: new external data sources and partner offerings can be added.
You receive compensation for your KYC verification effort.