KYC Credentials
Your data is your dataCreate your own digital self- sovereign identity with Deloitte to keep control over your data. This identity is kept under your possession. The Deloitte decentralised identity enables you to identify yourself to conduct online transactions on any service and share only the data you want.
Deloitte’s new KYC Credentials service provides reusable credentials that put you back in control of your personal data.
The product enables you to establish a digital self- sovereign identity by validating your data once with Deloitte. After we have issued your KYC credential, which is kept under your control, you will be able to share it with different online services. The provider of the website or service can rely on the shared data as it has been approved and certified by Deloitte – but you share only the minimum required data about yourself.
Visit our KYC-Credentials portal to order your certificate.
Key features
Our KYC In a Wallet service allows our clients to verify their data once with Deloitte and store it in their KYC Credentials in the Deloitte Wallet. This process makes the data reliable for all other parties. For example, if we verify that you are above 18, you can supply this information whenever needed without providing any further details, such as your date of birth, while the provider of the service that you would like to consume can rely on the information as it is already validated by Deloitte. You remain in complete control of your data. The verified information is stored in your Deloitte Wallet, which is only available on your computer and only accessible to you. Data from the wallet is shared only with your prior approval. In addition, the Deloitte KYC Credentials also provide access to a secure digital asset and Web3 ecosystems in which all participants are checked as being eligible to use the services.
- ID theft and fraud are a growing problem. With the Deloitte KYC Credentials you can demonstrate that you (and only you) are accessing content, services, shops, etc. in the digital world as only you have access to the Deloitte Wallet and the verified information.
- Do you find you are going repeatedly through ID verifications or sharing all your ID data? With the Deloitte KYC Credentials this is no longer necessary, as you can simply present the verified data from your KYC Credential, stored in your Deloitte Wallet.
- The electronic world becomes as easy as the physical world in which a physical ID card allows you to prove specific facts about yourself (such as that you are above 18) without leaving a significant data trail. In the digital world the Deloitte KYC Credentials become the equivalent of your physical ID.
- Step 1: Download the Deloitte Wallet from our Website, https://kyc-credentials.com
- Step 2: Apply for a DID in Deloitte’s KYC Credentials service.
- Step 3: Our KYC Credentials service guides you through the process (takes around 5 minutes).
- Step 4: Accept your new credentials and store them in your wallet.
The establishment of a DID as well as all related costs within the blockchain are handled by Deloitte.
- Renew your digital identity: one year after issuance of the credentials, we will ask if you would like to extend your digital identity for another year and if the KYC Credential information stored in your Deloitte Wallet is still accurate. This process will take you 2 minutes.
- Update your data: has your address or other relevant data changed? Report it to us and we will provide a change to the data certificate in your Deloitte Wallet. All free of charge.
- ID theft and fraud are a growing problem. With the Deloitte KYC Credentials you can demonstrate that you (and only you) are accessing content, services, shops, etc. in the digital world as only you have access to the Deloitte Wallet and the verified information.
- Do you find you are going repeatedly through ID verifications or sharing all your ID data? With the Deloitte KYC Credentials this is no longer necessary, as you can simply present the verified data from your KYC Credential, stored in your Deloitte Wallet.
- The electronic world becomes as easy as the physical world in which a physical ID card allows you to prove specific facts about yourself (such as that you are above 18) without leaving a significant data trail. In the digital world the Deloitte KYC Credentials become the equivalent of your physical ID.
- Step 1: Download the Deloitte Wallet from our Website, https://kyc-credentials.com
- Step 2: Apply for a DID in Deloitte’s KYC Credentials service.
- Step 3: Our KYC Credentials service guides you through the process (takes around 5 minutes).
- Step 4: Accept your new credentials and store them in your wallet.
The establishment of a DID as well as all related costs within the blockchain are handled by Deloitte.
- Renew your digital identity: one year after issuance of the credentials, we will ask if you would like to extend your digital identity for another year and if the KYC Credential information stored in your Deloitte Wallet is still accurate. This process will take you 2 minutes.
- Update your data: has your address or other relevant data changed? Report it to us and we will provide a change to the data certificate in your Deloitte Wallet. All free of charge.
Advantages
Take Control
Fraud prevention
5 minutes
Easy to follow
Find out more
Factsheet for end users
Download the PDF
Factsheet for verifiers
Download the PDF
Your Deloitte Managed Services team
We are a unique team of professionals combining Compliance, Audit, Technology and Industry expertise, using digital solutions to meet your KYC and AML obligations and resolve respective challenges.
Micha Bitterli, Head KYC
Micha has over 20 years of experience in regulation and audit and has worked with national and international regulatory bodies. «As a Big 4 firm we combine leading edge technology and information to efficiently deliver solutions, which enable our clients to stay ahead of their industry.»
Hugh Macquarrie, Head Deloitte Managed Services
Hugh leads Deloitte’s Managed Services offerings in Switzerland and the End-to-End KYC offering across our North South Europe member firms. Hugh is committed to finding creative solutions by bringing together Deloitte’s regulatory, technical and operational expertise and is convinced that with our managed services we can support the banking industry in combatting financial crime, whilst also reducing risk and increasing efficiency for our clients.
Contact us
You are interested in more information? Arrange a call with our experts to schedule a tool demonstration to learn more about our solutions. Use the form below to contact us, and we will get back to you as soon as possible.
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