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
Our Blink offering links family bank accounts for dependant relatives wishing to help each other with financial matters.
Today, co-banking is the smart way to manage your money together, whether you are a parent helping a child with their first bank account or a carer with powers of attorney helping to protect an elderly relative from scams, double/over payments and fraud by ‘granting permissions’ for specific payments.
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
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Easy API integration
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User-friendly experience
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Secure onboarding for your customers

Revenue opportunities
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Extend existing services
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Improve revenue growth and protection
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Competitive advantage

Compliance
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Compliance with existing and upcoming regulations
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Enables digital identity as a service strategy
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Secure for your customers
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Key enabler of digital parenting settings

Marketing opportunities
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Boost your brand reputation
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Enhance customer acquisition, retention and trust
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Standout customer experience
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Children's rights are respected
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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
