bronID for businesses is also live. We signed agreements and...

• bronID for businesses is also live. We signed agreements and partnerships with data vendors and registries to access identity data sets from over 180 countries for KYC/AML/CTF purposes.
• We are working on a machine learning algorithm to precisely detect the entities UBOs (Ultimate Beneficial Owners) by crawling registries data. This has been the most requested feature by our clients/prospective clients and is currently available as a prototype.

We are currently working on the integration with Akela. The first phase will be finalised by the end of August. Upon completion, investors who have bronID will be able to instantly on-board to Akela and be verified in accordance to the KYC/AML compliance requirements. Subsequently, Akela will use the bronID "back office" to verify its new customers that do not yet have a bronID and with their consent automatically create an identity wallet that they can reuse for instant secure on-boarding to other partner services.