SOLVE THE PROBLEM OF IDENTITY THEFT An online, real-time solution for KYC, POPI, RICA and FICA compliance May 2015
What is the Fides Trusted Vault? The Fides Trusted Vault solution verifies individuals by providing access to a number of identity verification checks which, in combination, provide reliable authentication. Through authentication and the ability to upload compliance documentation your organization can rest assured that it complies with all relevant legislation The Trusted Vault is POPI compliant and is a cloud solution for KYC, FICA and RICA The Trusted Vault is accessible by the individual and anyone to whom the individual has granted permission to access his vault, e.g. a bank or service provider The Services allow for the capture, storage and retrieval of: Fingerprints - enrolment and verification Photographs Document Storage of Digitally-signed documents Digital Signatures Home Affairs Checks Real-time online identity verification Credit Bureau Checks Real-time online CPA & Non-CPA Reports Qualification Checks Matric & Tertiary Online SAPS Criminal Checks Drivers License Checks
What are the POPI Compliance Requirements? POPI Requirement Only collect information that you need for a specific purpose Apply reasonable security measures to protect it Ensure it is relevant and up to date Only hold as much as you need, and only for as long as you need it Allow the subject of the information to see it upon request Fides Compliance Fides gathers information for the client based on the individual s consent. This consent is an electronic consent that is recorded through an audit trail. The information captured is used for compliance purposes only and is not made available to third parties. The Fides Trusted Vault is subject to best practice security standards and undergoes routine testing such as Web Application Vulnerability Assessments. A full audit trail of all activity is recorded for each individual s Trusted Vault. Fides gathers all historical information related to an individual from authorized sources and has the ability to update the details upon request by the corporate and individual Fides gathers information based only on the client s needs, the information that is gathered is only stored based on individual s consent. Fides Trusted Vaults can be viewed through an internet connection by the client or the individual at any place and at anytime via their web browser and security credentials.
What are the FICA KYC Compliance Requirements? For individual customers who are South African Citizens and / or who are South African Residents Fides Compliance Identification Full Names Date of Birth Nationality Identifying Number Residential Address Income Tax Ref Number Contact Details Verification South African issued green bar-coded identity document An approved document to verify residential address, reflecting at least your initial(s) and surname and (physical) residential address Income tax reference number (if issued) A document issued by the South African Revenue Service to verify your income tax reference number Contact details (i.e. name, telephone number(s), e-mail address, etc.) Does not need to be verified Perform an RSA Identity Verification Check which retrieves all these fields in real-time from credit bureaus. The vault also has the ability to update the individual s latest address and upload their latest Proof of Residence into the vault. A copy of the individual s SARS issued Income Tax document will be uploaded into the vault Contact Details An entire list of all registered contact details as well as previous employment details can be retrieved through credit bureaus in real time and stored in the vault.
What are the RICA KYC Compliance Requirements? For individual customers who are South African Citizens and / or who are South African Residents Fides Compliance Identification Full Names Cellphone Number Nationality Identifying Number Residential Address The SIM Card to be registered Verification South African issued green bar-coded identity document An approved document to verify residential address, reflecting at least your initial(s) and surname and (physical) residential address The Verification Agent at any walk-in customer care centre can register the SIM Perform an Identity Verification Check which retrieves all fields in real-time from credit bureaus. The Vault has the ability to update the Cellphone Number related to the RICA registration. The vault also has the ability to update the individual s latest address and upload their latest Proof of Residence into the vault. The SIM Card details can be linked to the individual in their vault and be viewed by the service provider and individual at any time.
Why use the Fides Trusted Vault? A cloud-based offering simplifies adoption and eliminates expensive start-up costs by providing: A 24x7 online service enabling enrolment and verification from any location with internet access Hardware agnostic solution that supports all major vendors Annual subscription or Per-Transaction cost for the service Tracks all system activity for compliance reporting purposes Secure and compliant storage of all information
SOLVE THE PROBLEM OF IDENTITY THEFT Contact Fides Cloud 26 Saddle Drive Woodmead Office Park Van Reenen Ave, Woodmead Johannesburg, South Africa Phone. 011 258 4442 Fax. 011 802 0382 Email. info@fidescloud.co.za Web.