When she opened the bank account for her export-oriented machine factory, Lara proved her identity in person, providing many documents to do so. The bank verified her details. Now Lara wants to apply for a loan from another bank – and has to have her SME verified again. For legal reasons, banks and other companies have to complete the complex process of identifying all new customers. They are prohibited by the regulators from sharing verified customer data directly among themselves. The result is extra work – not only for the banks, but also for Lara. For this reason, Swiss Post is taking on the role of a trustworthy and neutral intermediary. It is setting up a network for this purpose that provides verified customer data securely – and internationally where necessary.
Daniel GerberHead of InnovationSwiss Post contributes its trustworthiness and neutrality.