Proofenance
The Elevator Pitch
Losing sales from regulation compliance
Anti Money Laundering (AML) and Know Your Customer (KYC) regulations are becoming increasingly stringent, requiring more hoops to jump through for your customers.
These hoops drive a barrier between you and your customers, ultimately leading to lost sales.
The Proofenance Approach
We have designed and built an entirely new approach to streamline the process of completing high value purchases.
Your customers have their ID checked and validated within 30 seconds, while all banking and administration checks are handled seamlessly during the process.
The payment is confirmed directly from the customer's bank app at the end of the process, faster and cheaper than a card or CHAPS payment.
Who is Proofenance?
Our team members comprise payments, AML/KYC regulation, luxury goods & art sales, and communications expertise.
We studied the problem and the technology available, leading us to design and build a modern solution.
With high sale values expected, industry leading security has been built in from the start.
Identity, Address, and AML checks
Proofenance slots into your existing sales AMl/KYC process: producing the same documentation you might already use, but collecting it with a completely revolutionary approach.
The customer provides 1 photo id document, for you to visually match their face to a name. A customer's name, date of birth, and address is validated against numerous digitally available sources. AML checks are performed against industry databases.
Time
Your kit
Customer kit
Result
Bank Account Information
Proofenance directly accesses a customer's bank through the Open Banking network. This allows us to immediately generate a full set of bank statements for a customer and display them to you both at the point of sale.
This process takes around 30 seconds and is performed from your phone browser and the customer's banking app.
Time
Your kit
Customer kit
Result
Payment
Proofenance has integrated with Trilo, an Open Banking payment provider. OB payment providers are regulated by the FCA, whilst the payments send and clear immediately, and are cheaper than card payments.
A payment request is sent directly to the customer's bank app, for them to approve. No account numbers or sort codes need to be sent to anybody.
Time
Your kit
Customer kit
Result
Aftermath
To comply with your record keeping requirements, Proofenance will (optionally) store this data in a secure, encrypted, and GDPR compliant digital vault.
An encrypted PDF can be securely sent to you on request.
Elevator Pitch Special
We are looking for a few select partners to work with us whilst we refine the product. If you are interested please email info@proofenance.co.uk
In return, we are offering the first 30 purchases of any value with zero fees.