2. x
2
Current onboarding L E G A L E N T I T Y K Y C O N - B O A R D I N G
L E G A L E N T I T Y K Y C O N - B O A R D I N G
L E G A L E N T I T Y K Y C O N - B O A R D I N G
Bank A scoring
Bank B scoring
Bank C scoring
Bank A KYC processes
Bank B KYC processes
Bank C KYC processes
Bank A data providers
Bank B data providers
Bank C data providers
Duplication of effort
Error-prone
No common digital identity
No agility
No transparency
Frustration
G M T
F e d h a
B C B
3. x3
E F F I C I E N C Y
I D E N T I T Y & T R U S T R I S K
T R A N S PA R E N C Y
4. x5
AML-related fines in last 10 years
23.56bn 1.7bn 609m 9.5m
N O R T H A M E R I C A E U R O P E A PA C M I D D L E E A S T
• 1.71 billion USD fines through 17 Regulators across
15 countries
• 84 separate fines
• Europe = 6,3% of global AML fines in the last 10 years
• 905 million USD fines in 2018 – 3x more than 2017
• 20.3 million USD – the average AML fine regionally
5. x
KYC / AML compliancy requires constant investments
3 options to enhance internal controls and reduce risk on flaws
Reinforce compliance
procedures and extend headcount
Digitize & automate KYC
processes to shorten onboarding
time and increase controls
Tap into 3rd party solutions
providing state of the art KYC tools
and/or services, i.e. KUBE
6
7. x88
G M T
F e d h a
B C B
L E G A L E N T I T Y K Y C O N - B O A R D I N G
L E G A L E N T I T Y K Y C O N - B O A R D I N G
L E G A L E N T I T Y K Y C O N - B O A R D I N G
Bank A scoring
Bank B scoring
Bank C scoring
Bank A KYC processes
Bank B KYC processes
Bank C KYC processes
Bank A data providers
Bank B data providers
Bank C data providers
No duplication of effort
Higher efficiency
Better risk control
Common digital identity
Agility
Transparent process
Less frustration
L E G A L E N T I T Y X
Mutualize the
common effort
KUBE, a KYC Utility
for Banks and
Enterprises based on
blockchain
Create trust and a
single truth
9. x10
High-level KUBE flow: 1st on-boarding at bank
KUBE ONLINE
KYC FORM
CONSORTIUM
C O M PA N Y
T H I R D PA R T I E S
B A N K
+ O T H E R S
D ATA P R O V I D E R S
10. x
High-level KUBE flow: next on-boarding at different bank
KUBE ONLINE
KYC FORM
C O M PA N Y B A N K
CONSORTIUM
T H I R D PA R T I E S
+ O T H E R S
x
12. x
Added-value for corporates
17
02 OW N E R S H I P O F DATA
03 C O R P O R AT E I D
04 R E D U C T I O N T I M E & E F F O R T01 G UA R A N T E E D C O M P L I A N C Y
( G D R P, A M L , … )
05 A C C E S S TO V E R I F I E D DATA
O F OT H E R S ( W I T H C O N S E N T )
x
13. x
Added-value for banks
18
02 I N T EG R AT I O N W I T H OW N
SY S T E M S
03 A C C E S S TO V E R I F I E D DATA
04 R E D U C T I O N T I M E & E F F O R T
01 G UA R A N T E E D C O M P L I A N C Y
( G D R P, A M L , … )
05 H A R M O N I S E D A D D - O N S
+ N E W R E V E N U E S P O S S I B L E
x
