KYC YOUTH PRODUCT
Digital onboarding of child and teen bank accounts, in alignment with KYC and AML requirements
TrustElevate verifies a child’s identity, age and address, and verifies an assertion of parental responsibility for a child so that a verified parent can enter into a contract with the bank on behalf of their child.
HOW DOES IT WORK
Note: For PISPs, the output of the encrypted exchanges are Age Band and Authorisation (ABA) tokens, which contain no Personal Information
Enhance youth banking offering
TrustElevate enables seamless onboarding of child and teen bank accounts in compliance with stringent KYC and AML requirements
WHY CHOOSE TRUSTELEVATE
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
USE CASES
PURPOSE
TrustElevate's Product Purpose
Internet Safety
