Why Togggle Decentralized KYC
We believe that a truly decentralized financial identity for every person is the biggest missing piece in the identity verification landscape.
Unrivalled PII Security
Togggle's decentralised storage system provides a more secure and tamper-proof solution for storing personal data. Unlike traditional cloud storage systems often described as siloed storage, Togggle's decentralised storage is distributed across nodes in the region of the user, making it more difficult for hackers to gain access to the data. Additionally, Togggle uses distributed architecture technology to create a tamper-proof system, making it virtually impossible to alter or delete data without explicit permission.
The solution offers greater privacy and data protection for businesses and their customers. Togggle's GDPR and CCPA compliance ensures that personal data is protected and cannot be manipulated. Additionally, Togggle's solution uses reusable credentials for one-click KYC, reducing the amount of personal data that needs to be shared during verification processes and minimising the risk of personal data being exposed or stolen during the KYC process.
Togggle's Decentralised PII Storage solution provides businesses with a secure, efficient, and cost-effective way to perform KYC and due diligence processes while ensuring the highest level of data privacy and security for their customers.
Flexibility & Compatibility
Togggle offers a modular decentralized platform can be easily integrated into existing workflows, systems, code and processes. The solution is designed to be compatible with a wide range of requirements, covering many industries, businesses. Togggle makes it easy for any organisation owner to streamline their KYC processes within regulatory frameworks like GDPR or CCPA.
Companies can integrate the solution with existing onboarding processes, such as identity verification for online banking and payment services or identity verification for e-commerce and sharing economy platforms.
Togggle offers businesses a cost-effective and efficient way to improve their KYC and due diligence processes without requiring significant changes to their existing systems by being compatible with a wide range of systems and processes. This compatibility helps companies to streamline their KYC processes and minimize disruptions to their operations, allowing them to focus on their core business activities while ensuring the highest level of data privacy and security for their customers.
Transparency & Privacy
Togggle is a privacy-first solution. We prioritize protecting personal data throughout the KYC process. Individuals have the right to control their personal data, and we aim to provide a secure and transparent way for businesses to verify identities while respecting the privacy of their customers & complying with different jurisdictional regulations.
Several factors make Togggle a privacy-first solution:
Distributed storage: Togggle stores personal data on a distributed storage network across nodes in the user region, reducing the risk of data breaches and ensuring that personal data is protected.
GDPR and CCPA compliance: Togggle is GDPR and CCPA compliant, ensuring that personal data is protected and cannot be manipulated. We take data privacy regulations seriously and work hard to ensure our solution meets the highest data privacy standards.
One-click KYC: Togggle offers reusable credentials for one-click KYC, creating a seamless onboarding experience for customers while minimizing the amount of personal data that needs to be shared.
Transparency: Togggle's solution provides transparency throughout the KYC process, allowing customers to see how their personal data is being used and giving them control over their data.
Customers are increasingly concerned about the privacy of their personal data, and businesses that fail to prioritize data privacy risk losing customer trust, damaging their reputation and may be liable to pay fines. Using Togggle's privacy-first solution, companies can show their commitment to data privacy and build greater customer trust.
Availability is critical for achieving optimal performance and providing a frictionless onboarding experience for customers.In a world where businesses operate globally, and customers are increasingly mobile, having a KYC solution that is available and accessible from anywhere in the world is crucial.
Centralized Cloud KYC Providers can sometimes suffer from performance issues or downtime, especially when demand is high. This can cause delays in the onboarding process, leading to frustration for both businesses and customers. Often, more waiting time equals less engagement or drop-off.
Togggle's decentralized solution, on the other hand, is distributed across multiple nodes in different regions, reducing the risk of downtime and ensuring that businesses can access the platform at any time.In addition, Togggle's one-click KYC solution provides customers with a smoother, frictionless onboarding experience. By reusing credentials, customers can quickly and efficiently onboard to multiple services without repeating the KYC process each time.
This reduces the time and effort required to onboard new customers, making them more likely to complete the process and become loyal customers. Overall, the greater availability provided by Togggle's decentralized KYC solution is crucial for achieving optimal performance and providing a frictionless onboarding experience for customers.
By reducing downtime and providing a more efficient onboarding process, businesses can increase customer satisfaction and loyalty, leading to greater success in the long term.
Efficiency & Performance
Togggle's one-click KYC solution provides a fast and easy onboarding experience for customers while reducing drop-off rates and increasing the lifetime value of each customer. By allowing customers to reuse their credentials across multiple services, Togggle enables businesses to quickly onboard new customers without needing a time-consuming KYC process, improving the customer experience. Togggle also reduces the resources required to onboard new customers, increasing efficiency and lowering costs.
The decentralised KYC solution provides a more secure and tamper-proof system for verifying customer identities. The use of blockchain-like technology ensures that personal data cannot be breached or manipulated, providing greater data privacy and security for businesses and their customers. This reduces the risk of fraudulent activities, protecting both the company and its customers and ultimately increasing the lifetime value of each customer.
We enable greater flexibility and scalability. Because the solution is distributed across nodes in different regions, it can be accessed from anywhere worldwide, providing a global solution to KYC needs. Additionally, the distributed nature of Togggle's solution allows for increased scalability, making it easier for businesses to expand their operations and handle larger volumes of KYC requests. This increases the potential lifetime value of each customer by enabling companies to grow and evolve over time.
Ethical & Sustainable
Togggle is a green and sustainable solution because it uses a decentralized storage network and blockchain-like technology, which reduces the energy consumption associated with traditional centralized data storage systems.
Traditional data storage systems rely on large data centres that consume significant energy to power their servers, cool the facilities, and maintain the infrastructure. This energy consumption contributes to greenhouse gas emissions and environmental degradation.
Togggle.io's decentralized storage network, on the other hand, uses a distributed network of nodes, which reduces the energy consumption required to store and manage data. The nodes that store personal data are located in the user's region, reducing the energy consumption required for data transmission and storage.
Moreover, Togggle's use of distributed architecture helps to create a tamper-proof and secure system that eliminates the need for intermediaries and reduces the cost and energy consumption required for repeated third-party verification.
Get Started Today!
Start securely onboarding new clients with our automated KYC verification. Get in touch with us today for a free demo.