Opendata, web and dolomites

VerifiedID

The online platform for Identity Verification that gives back personal data ownership to the citizens

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

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 VerifiedID project word cloud

Explore the words cloud of the VerifiedID project. It provides you a very rough idea of what is the project "VerifiedID" about.

compliant    17    protects    once    financial    grant    eur    data    rules    citizens    kyc    complete    compliance    signing    simply    accurate    money    fitting    time    costly       transparency    heavy    privacy    regulations    urgent    consent    few    turnover    fines    expires    generate    funds    banks    gross    newbanking    clicks    accumulated    profit    global    currently    store    customer    customers    personal    annual    sharing    consumers    businesses    comply    33    close    gdpr    longer    position    regulated    centralises    unambiguous    onboarding    million    workflow    revoke    successful    verification    insurers    security    hold    updated    identity    contract    investment    company    platform    starting    services    laundering    post    aml    placing    protection    relationship    regulation    obtain    minute    innovation    imposes    stipulating    consuming    solutions    anti    reshapes    complexity    estate    boost    verified   

Project "VerifiedID" data sheet

The following table provides information about the project.

Coordinator
NEWBANKING APS 

Organization address
address: APPLEBYS PLADS 7
city: KOBENHAVN
postcode: 1411
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Denmark [DK]
 Project website https://newbanking.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-11-01   to  2019-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NEWBANKING APS DK (KOBENHAVN) coordinator 50˙000.00

Map

 Project objective

Currently, the management of consumers’ personal data is a complex process particularly for the financial sector, which must ensure to hold accurate, verified and updated data to comply with the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This complexity is present all throughout the relationship with consumers, starting with heavy, costly and time-consuming onboarding processes. Moreover, the EU General Data Protection Regulation (GDPR) imposes new rules on businesses that store customers’ data, stipulating that they must have unambiguous customers’ consent before sharing or processing their data, which protects EU citizens data privacy and reshapes the way that organizations approach data security and privacy. Non-compliant organisations can expect fines of up to €20 million or 4% of annual global turnover. Thus, there is an urgent need for solutions that simply customer onboarding workflow and make easy to obtain consumers’ consent for data processing.

NewBanking Identity centralises the EU GDPR, KYC and AML compliance, fitting the needs of banks and other regulated services as investment funds, insurers and real estate. Our identity verification platform allows consumers to complete onboarding processes for signing up to banks with only a few clicks (less than 1 minute) while also providing control and transparency over how their personal data is used, allowing to grant access to the data and revoke it when data access is no longer required (e.g. once the contract expires). The successful implementation of the innovation project is expected to boost the company’s growth, placing NewBanking in a strong position to generate over 33 million EUR in accumulated turnover and close to 17 million EUR in gross profit, 3 years post-project.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "VERIFIEDID" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "VERIFIEDID" are provided by the European Opendata Portal: CORDIS opendata.

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