Why Universal KYC
- Faster onboarding: Users complete KYC once and reuse it for future payments and integrations.
- Higher approvals: Reusable identity reduces friction while improving fraud controls, resulting in more completed transactions.
- Consent-driven: Users remain in control of when and where their identity is shared.
- Flexible requirements: Each partner can request the level of identity data they need, while Sardine delivers what is already available.
- Integrated with payments: As an extension of Sardine’s payments solutions, Universal KYC ensures that every transaction meets compliance without unnecessary repetition.
How it works
- User onboarding: During their first payment flow, the user completes KYC and consents to saving their identity with Sardine.
- Identity wallet created: Verified data and documents are securely stored and managed.
- Future payments or new platforms: When the user returns or transacts with another Sardine client, they simply consent to share their existing identity.
- Instant verification: The payment continues without additional steps, meeting compliance requirements while maintaining speed.
Benefits for Payments
- For users: Fewer interruptions and a consistent experience across payment flows.
- For clients: Higher conversion rates, lower compliance costs, and reduced onboarding drop-off.
- For the network: A growing identity layer that strengthens the entire Sardine Payments ecosystem.