Trunomi has developed a cloud-based software solution that streamlines regulated entities’ “Know Your Customer” (KYC) and mobile verification processes using a fully distributed, consent-based data-sharing platform. The company’s solution reduces friction for customers by dramatically accelerating, simplifying and securing the user on-boarding process and keeps banks and other regulated entities fully compliant with increasingly stringent anti-money laundering guidelines. Trunomi’s patented solution generates a completely auditable trail of customer consent and data that allows banks and other institutions to remain compliant while also offering a sleek mobile experience to consumers.