Congratulations to our friends at The ID Register on winning a silver award at the Guernsey Financial Services Commission’s (GFSC) “Soundbox Sprint Innovation Challenge.”
The award was presented at the GFSC’s one-day event, where participants were challenged to develop digital solutions for one or more of three pre-set challenges showing how technology could be used to: Optimise efficient and effective client due diligence; improve administration; and help the financially excluded.
The ID Register was awarded in recognition of the solution it offers for continually changing regulatory requirements and the lengthy paper based processes associated with client due diligence.
The software behind The ID Register was custom developed by Ballard Chalmers. It is an online platform which makes client onboarding quicker, easier and more cost effective by allowing users to complete one profile of Subscription, KYC and FATCA information and connect it to each of their investments and service providers. To learn more about this software and its development process, you can read our case study here.