TRUSTELEVATE FOR BANKS & FINTECH

TrustElevate’s KYC Youth enables the digital onboarding of child and teen bank accounts in compliance with KYC and AML requirements

TrustElevate also enables Payment Initiation Service Providers and Account Information Service Providers to operate in compliance with the Payment Services Directive.

Comply with data protection regulations

Reduce the risk of being fined by using reliable zero data solution

Leverage revenue opportunities 

Extend your product offering by enabling seamless child and youth banking 

Enchase financial literacy 

Enable parents and guardians to approve purchases on behalf of a child

 Benefits for Banks & Fintech

Technical implementation

  • Easy API integration 

  • User-friendly experience

  • Secure onboarding for your customers

Revenue opportunities

 

  • Extend existing services

  • Improve revenue growth and protection

  • Competitive advantage

Compliance

 

  • Compliance with existing and upcoming regulations

  • Enables digital identity as a service strategy

  • Secure for your customers

  • Key enabler of digital parenting settings

Marketing opportunities

 

  • Boost your brand reputation

  • Enhance customer acquisition, retention and trust 

  • Standout customer experience

  • Children's rights are respected

  • Demonstrate global leadership in trusted
    services and online commerce

KYC YOUTH PRODUCT

TrustElevate is revolutionising digital payments for young people

Our technology has brought the onboarding process for child and teen bank accounts into the digital age.

No need to bring parents, children and teen customers in-branch: our solution can be used to verify identity, not just age, and parent-child relationships. Plus, we can verify parental permission for online purchases, enabling compliance with the Payment Services Directive and advancing Open Banking.

Evaluated by 

USE CASES

MyFamily trials with BT

In Q1 2020, TrustElevate conducted trials with BT as a part of the UK Government’s VoCO (Verification of Children Online) project

PURPOSE

TrustElevate's Product Purpose 

Internet Safety
Children's Rights
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©TrustElevate 2021. All rights reserved. Company Registration Number: 08046357

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