At Ecolibero, we specialise in delivering bespoke solutions that elevate platform efficiency, with a particular focus on investment platforms. In one of our recent projects, we collaborated directly with Veriff’s development team to create a custom Pythonic solution tailored to the platform’s specific KYC (Know Your Customer) obligations. This innovative approach ensured compliance with the platform’s financial payments provider, enabling secure and encrypted downloads of Veriff data. Additionally, we addressed privacy and security needs, especially for high-profile investors, by implementing enhanced identity protection measures.
Key Results
Through this collaboration, Ecolibero achieved several key results:
1. Effortless Integration of Veriff
Ecolibero ensured a smooth and efficient deployment of Veriff’s identity verification system into the investment platform. This enabled the platform to perform secure and reliable investor identity checks seamlessly.
2. Specialised KYC Solution
We worked with Veriff’s development team to deploy a custom Python solution, allowing the platform to download Veriff data in an encrypted yet accessible format. This specialised solution ensured that the platform met its KYC obligations and was fully compliant with its financial partner’s requirements.
3. High-Profile Investor Privacy Protection
Ecolibero also facilitated an enhanced privacy solution for a high-profile investor. By working closely with Veriff and the client, we implemented a security protocol that safeguarded the investor’s identity while meeting verification standards. This process helped secure an investment exceeding 300,000€.
Challenges
Despite the success, we encountered a few challenges:
• Data Encryption Needs
- Balancing security and accessibility was critical. The challenge lay in encrypting sensitive identity data while keeping it accessible for compliance purposes.
- Heightened Security for High-Profile Investors
- Protecting the identity of high-profile investors while complying with regulatory standards posed a unique challenge, requiring custom solutions.
- Coordination Across Multiple Stakeholders
- Collaboration between Veriff’s development team, the investment platform, and Ecolibero required effective communication and coordination to meet all project goals.
Actions Taken
Ecolibero approached these challenges with strategic solutions:
• Custom Python-Based Solution
We developed a bespoke Python solution that allowed secure, encrypted downloads of identity data while ensuring the data remained accessible for regulatory compliance checks. This enhanced the platform’s KYC process, ensuring it met all obligations.
• Enhanced Privacy for High-Profile Investors
To protect the privacy of a high-profile investor, Ecolibero worked closely with Veriff and the platform to design a high-security protocol. This included advanced encryption and strict access controls, ensuring that the investor’s identity was safeguarded throughout the verification process.
• Effective Stakeholder Communication
By maintaining clear and consistent communication between all parties, Ecolibero ensured that Veriff’s capabilities were aligned with the platform’s specific needs, resulting in a seamless and tailored solution.
Conclusion
Ecolibero’s collaboration with Veriff highlights our expertise in delivering innovative solutions that optimise platform performance. By integrating Veriff’s verification system and developing a custom KYC solution, we enhanced both the platform’s security and compliance measures. Our efforts also ensured that high-profile investors could safely and securely verify their identities, creating a stronger, more efficient platform overall.
For investment platforms looking to improve their operational capabilities, Ecolibero offers bespoke solutions that prioritise security, compliance, and efficiency.
Discover how Ecolibero’s tailored solutions can optimise your platform’s performance and security. Whether you’re looking to streamline identity verification or enhance investor privacy, we’ve got the expertise to make it happen. Book a consultation today and let’s discuss how we can help your business thrive in a competitive market.