Case Study: IntellectEU reduces KYC administrative burden with Digital Asset’s DLT and DAML solution

IntellectEU accelerates KYC onboarding from weeks to real time with Digital Asset

Digital Asset partnered with IntellectEU to address the significant administrative challenges within the KYC process. IntellectEU faced issues common to financial institutions, including redundant data collection, compliance difficulties with evolving regulations, and lengthy delays for customers during onboarding, which often took weeks to complete.

The solution implemented by Digital Asset was a DAML-based KYC application deployed on distributed ledger technology (DLT). This created a shared, immutable record of validated KYC information that permissioned parties could access in real-time, eliminating the need for customers to submit the same documentation multiple times. The solution drastically accelerated the onboarding process, reduced operational costs, and improved the customer experience for both the onboarding and onboarded organizations.

IntellectEU