Blockchain Customer Repository Qorus Banking Innovation Awards 2016 - Winner

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.