Bringing KYC efficiency into the hospitality space, providing travelers and guests with individualized experiences and enhances their sojourns and holidays.
As a lot of procedures in the hospitality industry including check-ins and loyalty programs are all online which makes data security more difficult. Imagine if customers provide their passport and ID information ahead of time with all necessary information (scan of the passport picture, loyalty program membership), how much time will it save at the airports and hotels? Once onboarded, customers can quickly access their loyalty program information, it will be a seamless experience from check-ins to enjoying services of the hotels as their information has already been verified and authenticated. By reducing the human contact of information, it will enhance the privacy and security of personal information.
These attributes also make such a solution perfect for new and developing hospitality businesses models such as AirBnB and other services like it – being able to remotely verify and even add in access to areas based on preset conditions enables customer-centric solutions to thrive.
Blockpass offers a user-centric, digital KYC solution that is quick, simple and free to integrate. The Blockpass KYC Connect is able to prove a user’s identity instantly whilst their data remains under their control, allowing them to use it to verify passports, driving licenses or other documentation that particular hospitality services may require. Putting the user in control of their own data whilst keeping it secure will enable a situation where much of the hassle, time, cost and frustration of conveying important but personal documents as they are used to prevent fraud and crime that would otherwise take advantage of the hospitality industry.
Future developments will involve adding reputation to users for any manner of reason, allowing them to build up a reputation which has been verified by others – a particularly useful feature as we see an increase in business models where individuals offer services such as with Uber and AirBnB. In addition to this, Blockpass is working with academia to develop groundbreaking data privacy models, which will allow people to prove or verify information without exposing it at all should they wish to keep it private. Through this, Blockpass aims to bring efficiency, speed and privacy to the public and provide a cheap and simple way for the hospitality industry to conduct KYC and verify the identity and credentials of those engaging with their services.
Blockpass provides identity verification that covers both KYC and AML regulatory compliance. Users fill out the relevant details and are checked against the required lists and criteria to ensure they are not associated with criminal activity. By having these checks performed through Blockpass, companies using Blockpass’ identity verification solutions do not have to worry about their personal liability in screening applicants, as Blockpass retains professional indemnity insurance.
With the Blockpass technology and approach, verification and onboarding happens almost instantaneously for pre-existing Blockpass users and is usually very rapid for new Blockpass users. In addition, as Blockpass puts users in control of their data and certifications, the solution can be offered at a reduced cost compared to traditional alternatives.
Blockpass offers a multi-product portfolio that allows merchants to choose the scale of solution that applies to each business and jurisdiction. Whether a business wants only Face Match certification, or if they also require KYC, AML or enhanced SLAs, Blockpass is able to offer a full range of identity verification solutions.
Rather than having to fill out the same KYC and AML forms over and over when transacting with other financial companies, users simply have to maintain one up-to-date profile, which is then shareable with anyone in the Blockpass ecosystem for instant onboarding, saving users from repeatedly re-doing and re-submitting the same forms, and saving companies the hassle of checking KYC and waiting on checks.