The key to transparency
How eKeyiD joins the dots
In business, it’s vital to know the people you’re dealing with. And your customers, suppliers and partners need to know about you. How much information you share depends on the type of relationship; you’ll probably reveal more to your bank than you will to your shipping agent, but it’s fair to say that openness creates trust. The eKeyiD environment is all about balancing privacy with transparency to build sound, beneficial relationships.
The eKeyiD suite is an interlocking system of codes, each of which identifies and unlocks a specific type of information.
The eKeyiD system is driven by a set of compact codes, each small enough to fit into standard messaging systems such as SWIFT or Fedwire, but with the power to unlock unlimited gigabytes of information. It’s particularly powerful in sharing AML/KYC data between financial organisations, reducing the need for requests for further information, and so speeding and securing more efficient international payments.
The PvT balance
Transparency is desirable, but not at the expense of privacy. In designing the eKeyiD suite, this was constantly at the forefront of our minds. We call it the the PvT - Privacy versus Transparency - balance. We achieve it through our unique data vault, that intelligently identifies types of data and measures access against the identity and privileges of the person or organisation attempting to view the information.
The data vault is based on our patented federated ledger technology, but is able to act as a secure gatekeeper even if you choose to hold data in your own database. Its effect is that eKeyiDs can be shared freely without compromising privacy or confidentiality.
If you’d like a demonstration of how it all works, please get in touch.