Tapmydata has signed a deal to strengthen W2’s KYC services for the purposes of identity verification.
The pair will unite to tackle one of the key issues facing firms that are responsible for the handling of data rights, which is ensuring they are releasing information to the right individual.
Tapmydata CTO Tom Holder commented on the partnership: “Identify verification will form a significant part of our platform and having the right partner to provide these solutions is vital. As an early stage investor in W2 I have had privileged insight in to their market-leading technology and their recent ISO27001 certification is further evidence of their commitment to the highest levels of security and information management.
“I am confident this partnership will add real value to the users of our app and the organisations that are looking to hold an efficient and positive data dialogue.”
In partnering the pair underlined an elevated commitment to the importance of identity verification, emphasising that the solutions are often onerous for consumers and by requesting identity documents or utility bills, which can actually increase the amount of data an organisation holds.
W2 CEO Warren Russell added on the collaboration: “We are delighted to be working with Tom and the team once again. Tapmydata is an innovative way of addressing some of the challenges of GDPR and we are confident that with our identification solutions and Tapmydata’s blockchain and wallet proposition consumers can be confident that their data is being processed correctly and securely. I look forward to seeing the TAP coin grow in adoption.”
Moving forward Tapmydata will seek to work on an integration with W2 to augment its existing data verification with easy to access (consumer grade) identity verification. Users of Tapmydata will take a photo of their government issued ID within the app along with a photo of themselves and it will all be checked for validity and likeness in seconds.