About
A Blockchain application to share customer repository (KYC) among all ARKEA subsidiaries.
Innovation presentation
Crédit Mutuel Arkéa is the first bank to implement an actual Blockchain application that shares and distributes its customer repository (KYC) among its subsidiaries.
This development simplifies customer onboarding and the update of regulatory KYC information.
From now on, every item of information is automatically consolidated — subject to the customer's consent — and distributed to all of the Group’s entities. Compliance is thus shared dynamically.
Our customers no longer have to provide their identity and proof of address each time they make a request, since this information is now shared.
Uniqueness of the project
The project is the first of its kind on a number of counts:
- First operational Blockchain banking project in Europe
- First operational non-transactional Blockchain banking project
- No modification of the banking information system necessary; Blockchain distributes the information contained in the IS
- No need to provide employees with technical training
