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KYC & Identity Verification

Reliance Model​

With this model, your business takes responsibility for performing KYC & identity verification. You then share this data with NOAH when performing operations meaning your customers are not required to go through further onboarding steps. To use the Reliance Model, your business must be a regulated entity and complete our KYB & compliance onboarding in order to use this model. As per our T&Cs it is critical that you disclose to your customers that NOAH is a recipient of their data.

Key Requirements​

  • KYC & Identity Verification: Your business is responsible for conducting KYC and identity verification of customers.
  • Regulatory Compliance: Mandatory regulation compliance is required.
  • KYB & Compliance Checks: Completing KYB and compliance checks with NOAH is necessary.
  • Data Sharing Disclosure: Transparent disclosure of data sharing practices with NOAH to customers is crucial.

Advantages​

  • Streamlined Customer Onboarding: Reduces redundant onboarding procedures.
  • Control Over Customer Data: Retain autonomy over customer KYC data management.

Standard Model​

In the standard model, NOAH provides you with a unique link to an optimised KYC & identity verification flow that can be shared with your customers. This approach allows for a quicker setup, by eliminating the need for your business to develop complex verification systems.

Key Requirements​

  • Initiate Onboarding with NOAH: Please see the Onboarding section for detailed instructions on starting with the Standard Model.

Advantages​

  • Simplified Integration: Streamlines the KYC process for a hassle-free setup.
  • Secure Data Management: Ensures robust compliance and risk management, with NOAH handling customer data.