• 26 May 2021
  • 3.1 mins
  • 510 views

How many times have you been asked to identify yourself (passport, utility bill, due diligence docs, bank statement) just to access a simple service – or to open a bank account in a new city?

It is impractical. Our data is flowing all over the place, institutions are doing the same checks over and over again and all the processes are very slow.

Sekuritance is the world’s First RegTech & RiskTech partner ecosystem, powered by SekurSuite™ and the SKRT digital utility. SKRT runs primarily on the Ether network but is designed to be multi-chain.

Our humbler beginnings

We conceived Sekuritance to ensure global inclusion and not have a product exclusive only to a selected group of retailers or a specific niche in the market or crypto speculators.

Sekuritance started as a due diligence solution not only for companies to use and check individuals but for individuals, to claim their own report and download copies of it to present to interested parties of their choice.

Our list of potential corporate customers would include every payment gateway, credit card companies, lawyers, notaries, landlords, banks, mortgage companies, insurance.

The first product introduced as part of Sekuritance’s RegTech suite was Data Vault, targeting payment companies and online merchants and help them keep their sensitive data secure to prevent hacking and exposure. The product was well-received, and we proceeded to build intelligent algorithms to help with due diligence on customers and businesses and introduce a layer of transaction monitoring.

Many RegTech companies try and concur with one particular niche or try and offer everything to dwarf competition. Our vision was less ‘myopic’ and more focused on the benefit to the integration and consumption partners.

For that reason, we opened up the Securitance Partner Network, allowing our own competitors in the space – to promote their services and products in our ecosystem – giving our merchants and customers a single API to consume whichever services provider in the RegTech space they want and bringing together all these different partners. We have algorithms that place scoring methods on individual checks and IP checks and Browser checks.

The Partners ecosystem explained

Imagine a payment gateway. Next, imagine you have a website selling merchandise. You intend to sell your merchandise to people in Europe and in Asia. You would need one payment processor which takes care of the EU and gives you amazing rates and you find another one that gives you amazing rates for Asia.

You end up using the two of them and the payment gateway is intelligent enough to know that if a payment is coming from the EU – it sends it to payment processor #1 and if a payment is coming from Asia – it sends it to the payment processor #2.

Take that concept – and apply it to regulation and compliance-based on where the customer is based or where the company is located, or the type of activity being checked (payment, bank account opening, background check, credit check). This is the basis of the Sekuritance Partner Network. Part of the Sekuritance Partner network is the Sekuritance Affiliate Network which is being designed at the moment to invite salespeople and freelancers around the world to help drive sales higher and be rewarded in the percentage of sales and remunerated in $SKRT tokens.

About Sekuritance

The Sekuritance RegTech platform provides a single platform for every eGRC need, including end-to-end AML/CTF, CECL, FCPA, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech or Business Process Management requirements.

Stay tuned for more info and follow us at:

Twitter: http://twitter.com/sekuritance

Telegram: http://t.me/sekuritance

Website: https://sekuritance.com

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