The compliance and the product team spoke to different vendors and documented their offerings. The details are here :
Compliance provider
- Onfido
Onfido’s Real Identity platform digitally proves your customers’ real identities using a photo ID and facial biometrics. So customers can verify themselves anywhere, anytime.
Features
Customer ID verification
Sanctions screening
CDD/Risk assessment
Risk rating applied
Periodic Reports
Fraud Prevention
Integration
Reduce application development costs and accelerate time to market leveraging detailed developer resources and ready-to-use functionality. Smart Capture is continuously tested and optimized to ensure compatibility with a wide range of iOS and Android devices. Built-in metrics track and measure performance to improve your verification workflows.(https://developers.onfido.com/)
Security
Onfido has been certified by BSI to ISO 27001 under certificate number IS 660122, SOC 2 Type II compliant, and data confidentiality meet the American Institute of Certified Public Accountants’ (AICPA) industry standards.
- Veriff
Veriff is a global identity verification service company. The company offers services for online businesses to mitigate fraud attempts and assisting regulatory compliance.
Features
Identity Verification Solution
AML Screening
Biometric Authentication
ID Verification Software
Assisted Image Capture
Proof of Address
SSN Verification
Integrations
All API based calls to Veriff
Security
Veriff is compliant with CCPA, GDPR, SOC2 type II, ISO 27001, and WCAG Accessibility Guidelines.
- PureFi
PureFi Protocol allows dApps to fully comply with local and global regulations while preserving decentralization and user anonymity.
Developed by AMLBot in partnership with Hacken Foundation to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures for the Web3 infrastructure.
Moreover, PureFi Protocol will not use data from just one KYC/AML data provider, but instead will be an open market for verified providers to deliver ML analysis/KYC to dApps.
Features
PureFi On-Chain AML & KYC Framework — a framework for seamless integration and provisioning of KYC and AML pre-checks for dApp users.
Multi-chain compatibility: The architecture is built to be blockchain agnostic. It is currently deployed on the BNB Smart Chain, but can easily be deployed on any other EVM-compatible blockchain such as Ethereum, Polygon or Fantom, as well as non-EVM.
Customizable: Each dApp can set up a set of unique rules.
Developer friendly: Designed for easy plug and play with minimal code changes required. Compatible with most existing smart contracts and web3 wallets.
Integrations
Verifiable Credentials format enables for selective disclosure protocol usage thus enabling credentials holders to security share the minimum required amount of data with validators.
Security
PureFi will utilise a Zero-Knowledge based approach to generate secure data proofs capable of being validated with on-chain contracts. This provides users with the unique opportunity of receiving a PureFi Certificate and getting it validated on-chain without any third parties.
- Blockpass
Blockpass is a reusable digital identity solution for any organizations that participate in the regulated and increasingly remote business environment where trust needs to be verified digitally. Blockpass offers an alternative process to cumbersome, repetitive and expensive identity document authentication, Know Your Customer (KYC) and Anti-Money Laundering (AML) screening. With Blockpass, end-users easily create a verified portable identity that they can control and reuse to onboard with any service instantly.
KYC Connect™ is Blockpass’ all-in-one flagship product - a full service, comprehensive solution for all onboarding needs.
■ Proof of Address checking
■ Face Match (matching faces with IDs)
■ Anti-Money Laundering (AML) check
■ Ongoing monitoring
■ Politically Exposed Persons (PEP) check
■ Sanctioned countries check
On-chain KYC ( in roadmap but not ready)
■ zero-knowledge product for Enterprise Customers ( not fully ready at the time of discussion)
■ Dashboard/ Support entirely managed
by Blockpass
■ Customers cannot access any KYC data on users
■ Customers check the KYC status of user
using API KEYs
Integration
Proven integrations into platforms for fully compliant token offerings and e-Wallets for compliant custody. Integrating Blockpass into virtual banks, crypto exchanges, ICO platforms, STFO platforms and Wallets.
Security
Blockpass UK is now certified to ISO 27001 by the British Assessment Bureau, a UKAS Accredited Organization. The award of this certificate (meeting the requirements of BS EN ISO/IEC 27001:2017) confirms Blockpass’ ability to provide KYC and AML tools for cryptocurrencies, Defi and other regulated industries globally, demonstrating the suitability of Blockpass for companies seeking regulatory solutions in any jurisdiction. The certificate is available to view here (https://cvs.babcert.com/babcert.asp?c=241611&v=k34q1g2c2q)
- Trulio
Trulioo offers ID document verification by scanning a list of 5 billion identities in 195 countries. The company provides access to 4,200 types of documents, from driving licenses to residency permits. Trulioo can be used to meet KYC requirements, but also to check for AML watchlists.
- Netki
Netki is a industry platform for working with enterprises and policy makers and creating standards in terms of tokens, identity, blockchain, risk and compliance. It features secure end-to-end encryption, high quality data services, fast onboarding, different levels of validation that addresses different risk levels, and developer tools.
Features
OnboardID for individuals
OnboardID for Corporations
Travel Rule Compliance
Security
As of 2022, Netki meets GDPR, IVMS 101, BIP75, and CCPA standards. We are actively working towards SOC-2 certification, and aim to achieve this by end of Q3 2022.
- KYC-Chain (SelfKey Network)
KYC-Chain lets you verify identities, run Know Your Customer and AML checks and leverage blockchain KYC. The latter is offered via its sister company, SelfKey, which allows users to store their KYC details on-chain. KYC-chain has a bank-grade compliance toolkit, which can scan more than 10,000 data sources in 240 counties with a response time of 30 seconds.
Features
ID/V (Face Recognition & Biometric Analysis, Document Authentication
ID Verification, etc.)
Enhanced Corporate On-boarding
The SelfKey Network provides a set of tools for identity owners to securely manage their data in a digital identity wallet, and ‘one click sign up’ to a relying party service in the SelfKey Marketplace.
Built on SelfKey architecture, user identity data is assigned a decentralised identity key (DID) and stored in Claims documents. The SelfKey registers contain both the DIDs and a hash to these Claims documents.
Blockchain Analytics
Crypto AML
Security
Third-party audited and our protocols are transparent, documented, and verified.