Could banks earn money from identity checks they’ve already paid to complete? “You can capture the economics or a data middleman can.” @georginamerhom, founder and CEO of @SOLOAPI, speaks with @katieeperry on This Week in Fintech Partnered about the incentives behind reusable KYC. One institution could get paid for its verification work. Another uses those checks to onboard a customer, provided they meet its compliance standards. Listen in: youtu.be/Bcv76SAbQTo Sponsored episode, produced in partnership with @SOLOAPI.

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KYC/KYB is one of the most important parts of building a fintech yet most fintechs treat it as friction they need to eliminate that is the WRONG approach if your goal is to minimize KYB so you can onboard anyone and everyone, you're company won't last very long compliance is one of the strongest moats in fintech strong compliance lets you: > work with better banking partners > serve larger businesses > support higher volumes > expand into more products > actually strive long term and if customers are choosing your fintech because your compliance is "lax", that is not a competitive advantage rather more of a a ticking time bomb we've seen countless fintechs scale quickly, only to get shut down when their sponsor bank starts asking questions they can't answer we treat compliance as one of the most important pillars inside of our company at Flex if you want to build a venture scale fintech, compliance HAS to be one of your strongest advantages

Validating public Blockchains is a source of revenue for banks, and adds a layer of trust to public chains. There's a concept among banks that they should never validate anything except their own counterparties transaction. This is a misreading of the concept. It confuses Blockchain validation for payments authentication in the existing banking system. When in reality that happens a layer above the Blockchain in public chains. Transactions by the time they reach a chain are either directly from a customer (self custody) or from another institution. Networks like SWIFT, Notebene, and Ubyx enable trust lines to pre check transactions before sending them to a chain. Any compliance obligations can be handled post transaction by the issuer of the stablecoins (which is the standard GENIUS and MiCA have evolved towards). The chain itself is then a public utility. "Validation" is the act of helping reconcile all of the transactions. This is what reduces the operational burden for all parties involved and delivers programmable, 24/7, global payments. And that needs to be resilient, bank grade infrastructure that operates 24/7. Banks are doing this today but not getting paid for it. Validation is their path to monetize the type of vendor

Keeta and SOLO have partnered to launch the first blockchain-native credit bureau. Built on Keeta’s high-performance blockchain, the system enables verified financial identities through SOLO’s PASS — an on-chain profile that consolidates KYC, KYB, income, crypto assets, and other financial data into a single, user-permissioned identity. This unlocks real-world lending on-chain, including mortgages, small business loans, and credit access for digital asset holders. SOLO is trusted by 100+ banks and serves over 100 million users. Learn more about PASS: solo.one/pass $KTA