FinClusive

type
ID Project
Status
Launched
Announcement
2021
Launch
2021
Mission Statement
Source
To bring secure, compliance-centered access to the billions of people and businesses worldwide who are financially excluded or underserved.
Summary
Source

FinClusive provides a comprehensive Compliance as a Service (CaaS) platform that combines digital identity verification with financial compliance tooling. Their core offering, CDD Check Connect, enables secure sharing of compliance information between financial institutions while maintaining privacy protections. The platform issues FinCIDs (FinClusive IDs) - unique digital identity credentials that are created on blockchain technology and contain verified KYC/KYB (Know Your Customer/Business) information.

The technical implementation leverages several key components:

  • Compliance Verification Engine that performs:
    • Global KYC/KYB checks across 170+ countries
    • Sanctions screening and risk scoring
    • Real-time monitoring and validation
  • Digital Credential System featuring:
    • W3C Verifiable Credentials standards
    • Blockchain-based credential issuance
    • Privacy-preserving verification protocols
  • Integration Capabilities through:
    • REST APIs for enterprise systems
    • Support for traditional and blockchain payment rails
    • Interoperability with Stellar network

Notable adoption includes FinClusive's role as a certified validation agent for the Global Legal Entity Identifier Foundation (GLEIF), enabling them to issue Legal Entity Identifiers (LEIs) globally. The platform has also established partnerships with financial cooperatives and credit unions to digitize their onboarding processes, as well as integration with the Stellar blockchain network for cross-border payments compliance.

Funding(6)

Technology(7)

Tech Stack Self Description
Source
CaaS provides enhanced know your customer/know your business (KYC/KYB) tooling by embedding digitally verifiable compliance-backed identity credentials into both the customer onboarding and transacting processes and automates client verification and monitoring which is interoperable between traditional banking and payments providers and alternative, peer-to-peer, blockchain/web3-based networks.
Credential profile data is sourced from the Open Wallet Foundation digital-wallet-and-agent-overviews-sig project, licensed under the Apache License 2.0
⚠️
No credential profile data found. If you maintain this project, we urge you to visit the OWF Digital Wallet and Agent Overview SIG now and submit your specs and participate to foster global interoperability!
Use-cases
Source
Holders
No
Issuers
Yes
Verifiers
Yes
Technology
Source
SSI Technology
Yes
Endorses/Uses ZKPs
-
Blockchains/Verifiable Data Registries
Source
DID Methods
Specification
Source

Management(12)

Managing Entities
Website
Source
Persons of Interest
Role
Source
Chief Executive Officer
Director
Founder
Director
Chief Financial Officer
Chief Technology Officer
Director (Strategic Communications)
External Director
External Director
Senior Vice President (Product and Operations)
Head (Revenue)

Regulations and Standards(2)

Regulations Followed
Source

Relations(20)

People(13)

Affiliated Person
Role
on behalf of
Source
Legal and Intellectual Property
-
Corporate Secretary
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-
Advisor
-

Products(13)

Products
Source
CDD Check Connect
CaaS Gateway
FinClusive ID (FinCID)
Geographic Focus
Source

Links(8)

Inclusion Criteria

A1: Uses DID, VC or KERI/ACDC
Source
meets criteria: Yes
A2: Claims to be SSI
Source
meets criteria: Yes
B1: Received Government Funding or Endorsement
Source
meets criteria: Yes
C1: Has Well Known Partners
Source
meets criteria: Yes
D1: Project Announcement Date
Source
meets criteria: 2021

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