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What is KYC Block?

KYC Block is a blockchain-based digital identity management solution for FinTech Industry. It stores, and manages KYC documents of individuals and companies in a decentralised hyper ledger for reduced customer onboarding time.

Pricing

KYC Block Starting Price

$ 30000/One Time

Awards
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Key Features of KYC Block

Here are the powerful features that make KYC Block stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.

  • AI / Machine Learning
  • Audit Trail
  • Customer Data
  • Customer Profiles
  • Customer Segmentation
  • Data Capture
  • Data Collection
  • Data Deduplication
  • Data Management
  • Data Security
  • Document Management
  • GDPR Compliance
  • Multi-Platform
  • Roles Management
  • Version Control
  • Access Controls/Permissions
  • Anonymity Management
  • Application Security
  • Applications Management
  • Audit Trail
  • Billing & Invoicing
  • Business Process Automation
  • Certification Management
  • Compliance Management
  • Customer Segmentation
  • Dashboard
  • Data Entry
  • Data Management
  • Data Protection
  • Data Verification
  • Document Archiving
  • Document Assembly
  • Document Indexing
  • Document Management
  • Document Storage
  • Due Diligence Management
  • File Recovery
  • Full Text Search
  • ISO Compliance
  • Multi-Channel Collection
  • OCR
  • Optical Character Recognition
  • Periodic Review
  • Real Time Editing
  • Remote Document Access
  • Role-Based Permissions
  • Version Control
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  • Access Request Management
  • AI / Machine Learning
  • Application Access Control
  • Application Security
  • Audit Trail
  • Biometric
  • Check Fraud Monitoring
  • Compliance Management
  • Customer Data
  • Customer Journey Mapping
  • Dashboard
  • Data Capture
  • Data Security
  • Encryption
  • Event Logs
  • IP Protection
  • Multifactor Authentication
  • Role Management
  • Single Sign On
  • Two-Factor Authentication
  • User Activity Monitoring
  • User Management
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KYC Block Screenshots

KYC Block Pricing

Here are the pricing plans for KYC Block. Choose the plan that best fits your requirements and budget. Get Detailed KYC Block pricing as per your requirements.

KYC Block
$ 30000
One Time
  • digital data management
  • identity mangement
  • identity verification
  • identity validation
Get Pricing

The pricing information for KYC Block is sourced either directly from the software provider or publicly available materials. To get the most accurate and up-to-date costs, we advise reaching out to the vendor.

The pricing information was last updated on 19th May 2024.

Free Trial is available

KYC Block Specifications

Get a closer look at the technical specifications and system requirements for KYC Block. Find out if it's compatible with your operating system and other software.

Deployment :
Cloud Based
Subscription Plan :
Monthly
Accessibility :
API
Customization
Desktop Platforms :
Web app
Language Support :
English
Business :
Freelancers
StartUps
SMBs
Agencies
Enterprises
Available Support :
Email
KYC Block Categories on SoftwareSuggest :
Company Details :
Company Name : Alpha Fortress Private Limited
Overview Provided by : Alpha Fortress

KYC Block Description

Here's the comprehensive description of KYC Block. Gain a brief understanding of its unique features and exceptional benefits.

KYC Block by AlphaFortress is a GDPR, EU and US compliant blockchain-based digital identity management solution for reducing KYC time manual efforts to improve the customer onboarding experience and overall customer acquisition rate for the FinTech industry. 

Why do you need KYC Block?

FinTech industry has been an endless battle between the customer acquisition cost and different data security laws. The financial industry is yet to find a solution that will bring a balance between high verification cost, time period and levels of identity proofing required to assess the risk of an individual’s identity. 

The Numbers don’t lie…

The many report and survey have pointed out the failure of the current management process. The FIs have been suffering immensely by losing the customers and burning cash.

Increasing Customer acquisition cost

As per the industry report, the FIs’ customer onboarding time has been increasing from 22% in 2016, followed by 18% in 2017.  The customer onboarding cost saw a 19% increase in 2017 in comparison to 2016 and succeeded by another 16% increase in 2018.

Different AML compliance regulations

Major FIs have invested more than $3.4 billion in improving their KYC process and compliance activities. From 51% of global respondents, 17% FIs reported a significant increase in engagement with regulators.

Increasing KYC process operational cost

10% of the world’s top FIs have already spent more than $100 million annually to improve their customer verification process. Yet, increasing customer friction has shown that the industry needs a solution to address them. 

What’s so special about KYC Block?

We have designed KYC Block as per the need of the industry with many features.

Automated OCR and Transcription

No say to manual data entry! When you can easily upload the documents and our software will automatically convert these documents into an error-free format. 

Timely and automatic documents and data update

Having access to the updated and correct information is the key to a faster KYC process. Whenever a customer updates any new information, you get real-time instant document and data updates.

Duplicacy Elimination

Duplicacy of the document can lead to clutter across databases and prove harmful for your business. Be carefree from the unintentional error of duplication and automatic elimination of duplicate is the way ahead!

Digital Identity Management

KYC Block is a comprehensive system to maintain the documents and certificates consisting of individual information. It is a framework of identity management for your online transactions.

Distributed Data Repository 

A centralised database is a costly liability for the businesses, as being more prone to cyber-attacks and data duplication problems. Blockchain-based shared database provides enhanced security with a unique cryptographic key. Individuals connected to the shared database get 

Slashed Operational Cost 

Save high operational costs such as staffing, third-party verification vendor and compliance activities. 

Enhanced Customer Friction 

Increased customer friction has led to customers switching their business. Get access to all the documents in a single place with every minute details about your customers and full transaction analysis.

Decentralised Document Repository

Blockchain databases provide enhanced security and protection for FIs to customers.   

Do You Know Your Customer (KYC).....

Receive a full assurance report of your customer identity through KYC DNA, an AI-powered deep search engine. KYC documents will be analysed across AML and CTF databases for any error. 

The documents checked (included but not limited to)…..

Company Documents

World-Check, Bank Reference, Tax Certificate, Client Profile, Utility Bill, Registration Document, Application Form Account Legal Entity, Declaration Origin And Destination Of Funds, Shareholder’s Agreement

Individual Documents

Passport, Client Profile, Tax Certificate (RIF), Utility Bill, Bank Reference, Driving Licence Front Side, Driving Licence Back Side

How does KYC Block Works?

As a super admin to a decentralized blockchain-based database, you can manage your customers’ data and set roles for your teams such as Creator, Transcriber, Viewer, and Report Collator. Be part of an encrypted network, and every KYC document will analysed by KYC DNA  across different databases for easier compliance laws adherence. Real-time updates about every documents update and transactional activity will be shared across network to connected individual. 

Reduce customer friction for business growth and happier customer with KYC Block!

Overall KYC Block Reviews

Thinking about using KYC Block? Check out verified user reviews & ratings based on KYC Block's features, user-friendliness, customer support, and other factors that contribute to its overall appeal.

5/5

Based on 2 Reviews

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Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Likelihood to recommend Likelihood to recommend 100%

Likelihood to recommend

Out of 100%

KYC Block Pros and Cons

"Digital identity Management SolutionAnonymity managementData Protection - Protect documents from fraudulent activities.Data DeduplicationReal-Time EditingRemote Document Access"

"Digital identity Management Solution, Anonymity management, Data Protection - Protect documents from fraudulent activities. Data Deduplication, Real-Time Editing, Remote Document Access"

"Price is high"

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2 KYC Block Reviews

Hear directly from customers who have used KYC Block. Read their experiences, feedback, and ratings to gain valuable insights into how this software has benefited their businesses.

PiyushS.

Digital marketing

Used the software for : Free trial

Company Size :11-50 employees

5.0

Sep 29, 2020

Verified via Business email

Verified Reviewer

The reviewer either uploaded a screenshot or invoice of the last billing, confirming their status as a current user of the software.

Verified User

This review is written without any compensation or invitation from SoftwareSuggest, vendor, or affiliate.

Review Source: Organic

Automated KYC Document Management Solution for Financial Market Infrastructure

KYC Block provides self-sovereign identity, a decentralised approach in which an individual can see where and with whom their information is shared. It replaces multiple documents into a single identity. KYC Block is blockchain-based multi-factor authentication document management service that helps firm/individual to avoid data ambiguity and offers individual more control over their data.

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

What do you like best about KYC Block?

Digital identity Management SolutionAnonymity managementData Protection - Protect documents from fraudulent activities.Data DeduplicationReal-Time EditingRemote Document Access

What do you dislike about KYC Block?

Price is high

PiyushS.

Digital marketing

Used the software for : Less than 6 months

Company Size :11-50 employees

5.0

Aug 29, 2019

Verified via Business email

Verified Reviewer

This review is written without any compensation or invitation from SoftwareSuggest, vendor, or affiliate.

Review Source: Organic

Automated KYC Document Management Solution for Financial Market Infrastructure

KYC Block provides self-sovereign identity, a decentralised approach in which an individual can see where and with whom their information is shared. It replaces multiple documents into a single identity. KYC Block is blockchain-based multi-factor authentication document management service that helps firm/individual to avoid data ambiguity and offers individual more control over their data.

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

What do you like best about KYC Block?

Digital identity Management Solution, Anonymity management, Data Protection - Protect documents from fraudulent activities. Data Deduplication, Real-Time Editing, Remote Document Access

What do you dislike about KYC Block?

Price is high

Alternatives of KYC Block

Explore alternative software options that can fulfill similar requirements as KYC Block. Evaluate their features, pricing, and user feedback to find the perfect fit for your needs.

KYC Block FAQs

How much does KYC Block cost?

The starting price of KYC Block is ₹ 2160000/One Time. It has different pricing plans:

  1. KYC Block : ₹ 2160000/One Time

KYC Block also provides a free trial to users.

What are the top 5 features for KYC Block?

The top 5 features for KYC Block are:

  • Audit Trail
  • Document Management
  • Data Security
  • User Management
  • Application Integration

What type of customer support is available from KYC Block?

The available support which KYC Block provides is:

  • Email
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