We started GDC almost 11 years ago. At that time, we were intensely focused on leveraging our experience in global address verification and building a next generation platform for address hygiene. We signed a few customers and got traction but recognized that there was a bigger opportunity to apply our expertise, the technology platform we had built (Worldview) and our network of global data providers. We pivoted the business to focus on global consumer identity verification or better known as eKYC (Know Your Customer).

Over the past six years we have built a solid business delivering eKYC to a myriad of customers and partners around the world. We’ve activated more than 120 unique data sources covering more than 60 countries. We’ve further developed our Worldview platform to allow us to rapidly onboard and ingest other APIs and provide a combination of matching, standardization, parsing, translation and scoring to the data flowing through the platform. Finally, we built the most robust coalition of global identity experts on the planet. Our internal and external experts work together in a “consortium” to combine our technology, data and best practices into a high value delivery offering for global eKYC. 2020 saw the usage of our eKYC solution expand further but we also saw where our customer ecosystem was having problems and we’ve built something to help solve that problem as our next new thing.

In 2021 we are launching our eKYB (Know Your Business) solution. Business verification is a problem at many levels. It requires a combination of data with technology and the right experts to achieve the needed results. GDC will expand its Consortium to serve this need. We’ll add more than 70 new data sources to our current 120 data sources. We will address needs such as Beneficial Ownership and Directors & Officers verification. Unlike many of our competitors our solution will come from within having been architected and built by our internal development teams and other members of the Consortium rather than being license from outside and bolted onto our platform. It will provide the same robust functions as our eKYC solution and even a few new ones as well. But wait there’s more..

In parallel with our eKYB offering, GDC will expand its eKYC offering to cover more countries across globe. We will target new countries like Morocco, Malaysia, Japan, Chile and Nigeria while expanding our depth of coverage in countries like Germany, Portugal, Turkey and the USA. We will cover more of the banked and unbanked populations. We will provide verification for Gen Z, X and the Silent Generations as well. Our expanded product and data alliance teams in conjunction with our Compliance Advisory Board will work together to provide the best expert skills in addressing the unique challenges faced in digital identity verification by customers of all types.
We are looking forward to making these changes and sharing these new offerings with the broader market in the new year. We are all looking forward to a time beyond the pandemic. A time when we can get back out into the world and engage directly with one another. Until that point, please know that GDC has been busy evolving with its local identity partners to prepare for the next stages of growth for the global business community.

This article was published on LinkedIn on December 28th 2020
Source: Global Data Consortium