Affordability Check

Empower Your Business with Precise Affordability Checks

Ensure responsible lending and customer financial health with our reliable affordability check solutions. Quickly assess an individual’s financial capacity while maintaining compliance with regulatory standards. Enhance your decision-making process by integrating reliable data that helps protect your business and customers from financial risk.

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Use of Zero-Knowledge Proofs

We use zero-knowledge proofs to verify a person's ability to afford a particular financial commitment without revealing any additional personal information that could be used to cause financial harm to the person.

Reducing Risks of Financial Harm

Service providers must take reasonable steps to prevent harm due to the over-extension of a person's ability to service a debt or payment obligation. In the case of gambling companies, it includes assessing whether a customer can afford their level of gambling without experiencing financial difficulties. It aims to identify customers who may be at risk of harm, ensuring they are provided with appropriate support, interventions, or limits on their gambling activities.

Compliance with GDPR

The process must comply with data protection regulations, ensuring that sensitive financial information is handled securely and confidentially at all times.

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Use Cases

Real-World Applications of Affordability Checks

Implement responsible lending and decision-making with our affordability check solutions, designed to accurately assess customer financial capacity while ensuring compliance with regulatory standards. From financial services to gaming, see how our affordability checks can protect your business from financial risks, maintain compliance, and build customer trust.

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Introducing

Project PHACKS

The Platform for High Assurance Collaborative Knowledge Sharing (PHACKS) is an EU funded commercialisation initiative aimed at developing new markets for advanced privacy-preserving technologies where data collaboration is at the core of the participants collaboration. The project focuses on creating solutions that enable secure and privacy-respecting access to digital services and resources that leverage data assets that each of the participants hold but in a manner where those assets are not disclosed to the other participants. PHACKS leverages cutting-edge cryptographic techniques, including zero-knowledge proofs and secure multiparty computation, to ensure that sensitive information is completely protected during the data processing stages.

Go to PHACKS

“Sedicii enables us to confirm financial account holders data automatically, accurately and in real-time. The fully trusted consent driven validation against the issuing authority ensures our KYC compliance is up-to-date and real and is exactly where we need it to be.”

CEO

Waterford Credit Union

“Security and customer experience are key areas for all businesses. We are very pleased to be innovating with Sedicii since they won our BT Infinity Lab competition”

Operations Director, Infinity Lab,

“The start up with the greatest potential to transform the financial sector in the next 10 years!”

Head, Open Innovation Program,

BBVA

“Sedicii is part of a group of entrepreneurs who are more aware of the crucial challenges of the world around them and who are determined to do their part to solve those challenges with their company.”

Head, Technology Pioneers Program,

World Economic Forum

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