Hand tapping a smartphone on a payment terminal for a contactless transaction

How it Works

Trusted Financial Services

Enhance transaction efficiency and security by enabling the secure exchange of verifiable credentials, such as invoices and contracts, to streamline compliance and reduce manual verification efforts.

Secure Data Exchange & Compliance

Financial institutions and corporates engaged in cross-border trade often face fragmented compliance processes, redundant validations, and manual document handling. These inefficiencies not only delay payments but also increase operational costs and regulatory risk. By enabling the secure exchange of verifiable credentials organizations can streamline Anti-Money Laundering (AML) compliance, reduce duplication, and accelerate settlement.

$10M

40% of companies spend more than $10 million annually on General Data Protection Regulation (GDPR) compliance

68%

of European anti-money laundering supervisors identified significant risks in the payments industry

How Companies Should Respond

Trusted Credential Exchange

Facilitate the secure exchange of verifiable credentials (e.g., invoices, contracts, beneficiary details) to streamline compliance and reduce manual verification

Pre-Validation at Source

Shift compliance checks to the initiating bank using trusted data, minimizing redundant validations and accelerating payment processing

Interoperable Compliance Frameworks

Adopt interoperable standards for AML and KYC data to enable seamless collaboration between institutions and reduce regulatory friction

Verified Once, Trusted Everywhere: UWI in Financial Services

A Payer Instructs Payment to a Beneficiary

A payer initiates a transaction through their bank, which validates account status and compliance using verifiable credentials and secure data exchange. This process reduces failed payments, enhances fraud detection, and improves the overall payment experience by minimizing manual errors and delays.

Get in Touch with Us

If you have any further inquiries, please contact us using the form linked below. Someone from the UWI Support team will reach out to you. We also welcome any feedback or insights regarding UWI. If you prefer to reach out to us directly, please email us at UWI.support@accenture.com.