Traceto.io- overview of its services and products

The KYC process is an important process however not all companies and institutions are capable of being fully compliant with the rules and regulations of KYC. Banks and other financial institutions are struggling to meet the regulatory costs. This is the present situation of KYC. On the other hand, future of KYC is more challenging due to the lack of coherent regulation. Moreover, the digital assets are pseudo-anonymous which again causes the problem in satisfying KYC challenges. A compliant solution is thus needed which is fulfilled by traceto.io.
What is KYC and focus of traceto.io?
We all are familiar with KYC process; it is know your customer or KYC that involves the various set of a process including terrorism financing, money launderings, credit worthiness and other associated risks. These risks are commonly associated with any customer-relationship business. The present-day KYC is full of problems like;
• Security issues,
• data siloing,
• vulnerability to social engineering,
• lack of efficiency
• lack of privacy and
• lack of reusable KYC
Tracteo.io focuses on reducing these risks and making KYC an affordable process for the small financial institutions. Moreover, its initial focus will be on addressing the problems of CTF and AML and crypto related business problems. In future, the network of tracto.io will evolve to find solutions for the problem related to creditworthiness and product suitability.
An overview of products and services of traceto.io
To solve the KYC problems, traceto.io has created a virtual KYC platform. Those who are associated with crypto-world can use it to obey the regulations of CTF and AML. The community will get the control and management and ownership of the KYC process using this network. Moreover, the user will get complete privacy and also incentives on managing themselves. The privacy offered by traceto.io is compliance with regulatory requirements.
Traceto.io is a system that offers self-sustaining, privacy preserving and decentralized system. To access the smart contract of traceto.io users has to buy ERC20 tokens that are issued by the platform. The interested users have to join the ICO offered by traceto.io. They will be redirected to the decentralized application where they have to upload their documents. These will be encrypted and stored securely. Other users cannot view them without permission.

Website : https://traceto.io
Telegram : https://t.me/tracetoio
Bitcointalk thread : https://bitcointalk.org/index.php?topic=3439768
Whitepaper :https://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf
Facebook : https://www.facebook.com/traceto.io
Twitter : https://twitter.com/tracetoio
Linkedin : https://www.linkedin.com/company/traceto-io-pte-ltd
My Bitcointalk Profile Url : https://bitcointalk.org/index.php?action=profile;u=1472403

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