fides trusted vault solution for kyc, fica and rica

SOLVE THE PROBLEM OFIDENTITY THEFT

An online, real-time solution forKYC, POPI, RICA and FICA compliance

May 2015

www.fidescloud.co.za

SOLVE THE PROBLEM OF IDENTITY THEFT

What is the Fides Trusted Vault?


• The Fides Trusted Vault solution verifies individuals by providing access to a number of identity verification checks which, in combination, provide reliable authentication. Through authentication and the ability to upload compliance documentation your organization can rest assured that it complies with all relevant legislation

• The Trusted Vault is POPI compliant and is a cloud solution for KYC, FICA and RICA

• The Trusted Vault is accessible by the individual and anyone to whom the individual has granted permission to access his vault, e.g. a bank or service provider

• The Services allow for the capture, storage and retrieval of:

Fingerprints - enrolment and verification Photographs Document Storage of Digitally-signed documents Digital Signatures Home Affairs Checks – Real-time online identity verification Credit Bureau Checks – Real-time online CPA & Non-CPA Reports Qualification Checks – Matric & Tertiary Online SAPS Criminal Checks Drivers License Checks


What are the POPI Compliance Requirements?


POPI Requirement Fides ComplianceOnly collect information that you need for a specific purpose Fides gathers information for the client based on the

individual’s consent. This consent is an electronic consent that is recorded through an audit trail. The information captured is used for compliance purposes only and is not made available to third parties.

Apply reasonable security measures to protect it The Fides Trusted Vault is subject to best practice security standards and undergoes routine testing such as Web Application Vulnerability Assessments. A full audit trail of all activity is recorded for each individual’s Trusted Vault.

Ensure it is relevant and up to date Fides gathers all historical information related to an individual from authorized sources and has the ability to update the details upon request by the corporate and individual

Only hold as much as you need, and only for as long as you need it

Fides gathers information based only on the client’s needs, the information that is gathered is only stored based on individual’s consent.

Allow the subject of the information to see it upon request Fides Trusted Vaults can be viewed through an internet connection by the client or the individual at any place and at anytime via their web browser and security credentials.


What are the FICA KYC Compliance Requirements?


For individual customers who are South African Citizens and / or who are South African Residents

Fides Compliance

Identification Verification

South African issued green bar-coded identity document

Perform an RSA Identity Verification Check which retrieves all these fields in real-time from credit bureaus. The vault also has the ability to update the individual’s latest address and upload their latest Proof of Residence into the vault.

Full Names

Date of Birth

Nationality

Identifying Number

Residential Address An approved document to verify residential address, reflecting at least your initial(s) and surname and (physical) residential address

Income Tax Ref Number Income tax reference number (if issued) A document issued by the South African Revenue Service to verify your income tax reference number

A copy of the individual’s SARS issued Income Tax document will be uploaded into the vault

Contact Details Contact details (i.e. name, telephone number(s), e-mail address, etc.) Does not need to be verified

Contact Details – An entire list of all registered contact details as well as previous employment details can be retrieved through credit bureaus in real time and stored in the vault.


What are the RICA KYC Compliance Requirements?


For individual customers who are South African Citizens and / or who are South African Residents

Fides Compliance

Identification Verification

South African issued green bar-coded identity document

Perform an Identity Verification Check which retrieves all fields in real-time from credit bureaus. The Vault has the ability to update the Cellphone Number related to the RICA registration. The vault also has the ability to update the individual’s latest address and upload their latest Proof of Residence into the vault.

Full Names

Cellphone Number

Nationality

Identifying Number

Residential Address An approved document to verify residential address, reflecting at least your initial(s) and surname and (physical) residential address

The SIM Card to be registered

The Verification Agent at any walk-in customer care centre can register the SIM

The SIM Card details can be linked to the individual in their vault and be viewed by the service provider and individual at any time.


Why use the Fides Trusted Vault?


A cloud-based offering simplifies adoption and eliminates expensive start-up costs by providing:

• A 24x7 online service enabling enrolment and verification from any location with internet access

• Hardware agnostic solution that supports all major vendors

• Annual subscription or Per-Transaction cost for the service

• Tracks all system activity for compliance reporting purposes

• Secure and compliant storage of all information

SOLVE THE PROBLEM OFIDENTITY THEFT

Contact Fides Cloud


26 Saddle DriveWoodmead Office ParkVan Reenen Ave, WoodmeadJohannesburg, South Africa

Phone. 011 258 4442Fax. 011 802 0382

Email. [email protected]. www.fidescloud.co.za

fides trusted vault solution for kyc, fica and rica

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