We must prove who we are almost every day when signing up for a new products or services – whether it’s opening a bank account, betting online, online shopping or even booking a taxi.
These various requests for proof of identity stem from legal obligations that require many e-commerce entities to fulfil KYC requirements. A Bank for example, or a betting company, will be responsible to verify that you are truly who you say you are, and that you are also safe to do business with. Hence, prior to providing their full services, they request various onerous documents to be provided by yourself and checks to be made on their side – commonly referred to as KYC documentation. Examples of documentation include proof of address and identity documents.
With KnowMeNow, you can carry out a one-time KYC process and re-share your verified KYC information with multiple KnowMeNow merchant partners.