LONDON –Trunomi has launched what it said is the only mobile app that empowers financial institutions’ consumers to control their personal identification data.
“For the first time, financial institutions can integrate their existing KYC and Pii data reliant processes into an easy to use mobile app,” the company sid. “Customers using the TruMobile app will manage, provision and update identification documents in real-time directly from their mobile device.”
Trunomi further said its consent-based KYC technology enables financial institutions to meet the demands of incoming EU data protection regulation on the Self-Sovereignty of Data, as well as being fully compliant with global privacy and KYC regulatory requirements. Financial institutions can on-board customers up to five times faster at less than 20% of the cost of today’s manual process.
“TruMobile can be linked to Trunomi’s TruHub, an enterprise class KYC on-boarding system, or it can be deployed as a stand-alone Trunomi app, a white-labelled app or an API within an existing financial institution’s app,” the company said.