What does each cater to?
As the first-ever RegTech company to successfully implement a live, distributed KYC utility, norbloc’s Head of Implementation, Vijayalakshmi Tenbarai Seshadri along with the norbloc team, have put together a report on Distributed Ledger Technology (DLT) versus Application Programming Interface (API) Connectivity with a spotlight on data sharing.
The report discusses the key differences, weaknesses and advantages that each have when it comes to sharing and consuming legally significant data. Furthermore, we put forward the key questions and considerations that banks and financial institutions should be asking and contemplating to make the right decisions for KYC and remediation in the long run for their organization.
Our views are based on extensive work building the first ever distributed KYC utility in the world, which employs both DLT and API elements.
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To find out directly how we can help with your KYC compliance processes contact us!
