Identity Verification

In Braid’s ecosystem, once a Business or Individual customer entity has been created, the next step is to provide Identity Verification, KYC for individuals and KYB for businesses. This process ensures that the customer meets the bank’s compliance requirements before any accounts can be opened or transactions initiated.

Under the Trust_verify model, the bank will expect Fintech to conduct KYC/KYB (using 3rd parties) and provide the detailed results using this API.