According to Finbold, after a proof-of-concept period in 2022, Verida, cheqd and FinClusive are about to launch their new KYC and KYB digital solutions. Their new application aims to provide a simplified and streamlined onboarding process by enabling companies and governments to use existing customer verification systems. The solution is designed to ensure the latest compliance and high data security, while helping users avoid lengthy KYC processes when trying to access new platforms. In addition, the solution also aims to solve existing problems and meet new challenges by building a solution that can handle KYC on Web2 and Web3.

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