Reusable KYC Explained: Verify Once, Reuse Everywhere

Reusable KYC (Know Your Customer) simplifies identity verification by allowing individuals to complete the process once and share their verified credentials across multiple services without repeating the full verification process. This system, offered by Didit, is designed to provide friction-free onboarding for users and lower costs for providers by eliminating the need for repeated document submissions and checks. Reusable KYC aligns with the EU's eIDAS2 regulations, which are moving towards standardized digital identity wallets, enabling credentials to travel with the user rather than being re-checked by each provider. The process involves an initial verification, storage of the credential, and its presentation to new services, which can accept it based on their compliance requirements. Users maintain control over their credentials, deciding when and to whom to present them, ensuring privacy and consent. Didit provides this service for free, supporting a wide range of use cases including fintech, crypto ecosystems, marketplaces, and iGaming, with infrastructure that supports integration across a broad geographical and document type coverage.