Finance
Financial services run on verification. KYC, KYB, UBO checks, AML screening — every client onboarding means chasing PDFs and waiting weeks. Credenco replaces that with credentials that are issued once and verified in seconds.
Opportunity
Regulators demand faster, sharper, more auditable verification — while clients expect instant onboarding. Today's reality: PDF uploads, email chains, and weeks of manual checks before a client is approved.
The sector needs one thing: a way to confirm who a client is, what their company stands for, and whether they're compliant — in seconds, with a full audit trail.
Why Credenco
Credenco lets clients share verified credentials — KVK registration, VAT certificate, UBO declaration, AML status — straight from their Business Wallet.
Your compliance team validates the full set in seconds. No cross-checks, no third-party costs, and a full audit trail generated automatically.
Partners & Demo's
KYB onboarding time reduction
Products and Features
Business Wallet
Issue, manage, and verify credentials from one central place. Privacy-friendly and reusable across organisations.
Issuance Service
Issue trusted credentials to clients and organisations. Configure once, then deliver securely to any compliant wallet.
Verification Service
Request specific credentials from clients or counterparties and verify them instantly with OpenID for Verifiable Presentations.
Compliance
Built on open standards like eIDAS 2.0, so Credenco connects cleanly to the frameworks financial institutions already rely on. Every verification is logged in a tamper-proof audit trail, giving your compliance team the evidence they need.
Data Sovereignty
Your data stays yours. Credentials live in your wallet — never on a central server. Privacy by design.
A Story from Corporate Client Onboarding
A fintech onboards an SME for invoice financing. The old way: upload a KVK extract, a UBO declaration, a VAT certificate, and proof of address — each manually checked by a compliance analyst. Typical turnaround: fifteen business days.
With Credenco, those credentials already sit in the SME's Business Wallet — issued by KVK, the tax authority, and the notary. The fintech sends one request. The SME approves in one click. All signatures are validated in under four seconds, and onboarding is done the same day.
Benefits for Financial Institutions
- Compliance teams process verifications in hours instead of weeks.
- Fraud risk drops sharply — credentials are cryptographically tied to their issuer.
- Audit trails are generated automatically for every verification event.
- Clients experience instant onboarding, reducing drop-off rates.
- Returning clients never have to re-submit the same documents.
Building a Future-Proof Compliance Infrastructure
EU frameworks like AMLD6, MiCA, DORA, and eIDAS 2.0 push for higher verification standards with lower friction. By adopting verifiable credentials now, institutions build the foundation they'll need to connect smoothly to those frameworks tomorrow — cross-border and API-first.
Check use cases
See how verifiable credentials are already being used in finance, compliance, and adjacent sectors.
Establish a new company
Incorporate a Dutch BV in minutes — company credentials issued by KVK and Belastingdienst, verified instantly by notary and bank.
e-Invoicing
Structured, verifiable invoices exchanged directly between business wallets — built on the Peppol network and EU standards.
Tax Splitter
Automated tax credential splitting and verification — between taxpayer, advisor, and tax authority.