KYC (Authentication)

KYC (Authentication)

KYC Control

KYC or KYC checking is a mandatory process to identify and verify the customer's identity when opening an account and periodically over time. In other words, Financial Institutions must make sure that their clients are who they actually claim to be.

If the client fails to meet the minimum KYC requirements, Financial Institutions may refuse to open an account or terminate the business relationship. Why Is the KYC Process Important?

KYC procedures defined by the Financial Institution include all the necessary processes to ensure that their customers are real, assess and monitor risks. These processes help prevent and identify money laundering, financing terrorism, and other illicit fraud schemes.

KYC process;

-Identity card verification,

-Face verification,

-Document verification such as invoices as proof of address and Includes biometric verification.

Financial Institutions must comply with KYC regulations and anti-money laundering regulations to limit fraud. KYC compliance responsibility rests with Financial Institutions.

Failure to comply with this may result in severe penalties.

KYC checks are carried out through an independent and reliable document, data, or information source. Each customer needs to provide credentials to prove their identity and address. What is EKYC (Electronic Know Your Customer) or RKYC (Remote Know Your Customer)?

Electronic Customer Identification or Remote Customer Identification or e-KYC means online customer authentication. It requires additional modules such as identity hologram test, secure document signing, and vitality test in addition to identity, document, and biometric recognition processes in accordance with the process determined by each institution for customer acquisition.

e-KYC also covers the extraction of information from identities (OCR or NFC mode), the extraction of digital data from physically existing government-issued smart IDs (with chips), or the use of certified digital IDs and face recognition for online authentication. KYC and Customer Due Diligence Measures

KYC policy is a mandatory framework for banks and financial institutions used in the customer identification process.

In order to comply with international regulations against money laundering and terrorist financing, strengthened “Know Your Customer” procedures must be followed at the first stage of any business relationship when registering a new customer.

Banks and Financial Institutions generally frame KYC policies that include the following four main elements:

-Customer Policy

-Customer Identity Procedures (data collection, identification, verification, control of politically exposed persons/sanction lists),

-Customer Identification Program (CIP)

-Risk assessment and management (due diligence is part of the KYC process)

-Constant monitoring and record-keeping

This includes verifying the identity of a customer, including, for example, a national identity document with a document reader and advanced document verification software. About Techsign Know Your Customer Solution

Identity Card Recognition and Verification(ID, Driver's License, Passport)

Document Recognition and Verification

Device and Environment Control

Agent Video Call

Vitality and Hologram Test

Blacklist & Whitelist Control

Face recognition

Biometric Verification After Customer Acquisition

Artificial Intelligence Customer Acquisition Chatbot

Fully Automatic / Semi-Automatic Customer Acquisition

Verifiable Biometric Signature


Token Economy

Token Distribution, Private Sale, ICO and Exchanges

token-distribution

TOKEN DISTRIBUTION

TOTAL SUPPLY: 10.000.000.000 CYCE

  Award for Renewable Energy Resources %80: 8,000,000,000 CYCE

     As CYCE, we are planning to give %80 of the tokens we created as a reward to the facilities that produce energy from existing renewable resources and also to the facilities which are expected to be formed in the next 30 years, and make them more valuable. Thus, we aim for energy investments to rapidly flow in this direction.

  Organization and Investments 20%: 2,000,000,000 CYCE

     The remaining 20% will definitely not be used in our own company. We plan to contribute to the acceleration of the process by establishing BIOMASS ENERGY PLANTS, which are carbon neutral and fall under the scope of renewable energy, from the revenues of the remaining 20% token sale.

Symbol: CYCE

Total Supply: 10.000.000.000 CYCE

Token Standard: ERC20

Special for Power Plants

Power plants can register to the system either by telephone, via our website, by e-mail or by direct contact method. In addition, Renewable Energy Power Plants can register from the "Sign Up" button located above.

   The Cyce system, with the aid of blockchain technology aims to ensure that the transition to power plants that produce energy with renewable energy sources are value-added and preferred. For this reason, if you are a company that produces energy with renewable energy sources, without any charge CYCE will reward you for the energy production of this facility. You will be rewarded with many different benefits in the coming periods, both free of charge and being valued in the future.

   The mere existence of the power plants in the system will be profitable; Since the initial CYCE sales which will start with 1 dollar in the public offering, will have a dynamic valuation continuously due to the general structure of the project, it is sufficient for your plant to exist, operate and produce energy.

The amount of CYCE coins to be loaded into your account is calculated with your current installed power. The CYCE system has a progressive appraisal mathematics. The factor affecting this valuation is which of the renewable energy sources you have and the capacity of your installed power. In the simplest terms; for each 1 KW of installed power for the Hydroelectric Power Plant, 1 CYCE asset is added to your account

RES means "Renewable Energy Sources".

Register your Plant by clicking the "Register" button.

I am not RES