The solution

The solution

The new secured smart sharing place

We at Granada envision the alternative: a present, where banks, other FI and corporations can embrace a new industry paradigm and think AML/ KYC/ CFT data acquisition differently within an international but multi-local community of financial institutions (FI) and corporations whilst keeping control and responsibility of all data.

Granada is based on a Blockchain system and it enables new ways of storing, sharing, and accessing personal data, making reliable and global identity systems possible.
Granada is a strong proposition for the financial community in terms of data quality according to completeness, accuracy and timeliness.

A singularity

The smart sharing diagram

Phase 1 :

Onboarding data of the client

Phase 2 :

The client provides updated data

Data traceability is available in each contributors database, including Granada’s Client data are shared amongst all members, as well as a proof of the client data’s existence.

Combining internal data and peer-validated data

Combination of internal data and external information, sourced from a mutually distributed ledger, i.e. a database shared by all nodes participating in a system based on the Blockchain protocol.

A data smart share is a strong proposition for the financial community in terms of data quality according to principles expressed by BCBS 239



A legal entity can complete the puzzle of AML / KYC/ CFT data, and obtain data it has not thought about requesting or did not ask if the risk level was deemed low. In fact, all legal entities will access the data of the most risk-adverse or demanding legal entities, thereby dramatically leveling up the industry’s knowledge on their clients.



A legal entity will receive information about the discrepancies between its data and the community’s data, radically improving the accuracy level of its dataset. This benefit, the “wisdom of the crowd”, can only be achieved through a comparison of data between legal entities, which is impossible to achieve stand alone or through a service provider. This will allow to minimise the probability of error and enhance the risk management reporting.



Legal entities have to have up-to-date data, for their own risk analysis and as per regulation. However, they recertify their clients only every 1 to 3 years and rely on their clients to inform them on material changes. This seems little adapted to reality: according to a survey (source:  Thomson Reuters Study 2016), three quarters of corporates had a material change to their organization during the preceding 24 months. If companies had an easy way to update their information or an incentive to do it and if the legal entities shared their latest data after recertification, data would be updated several times per annum, in a timely manner.

our benefits

  • Lower operational costs, collecting customer’s data
  • Lower costs data acquisition
  • Faster on-boarding process
  • Lower Time to Market
  • Higher customer satisfaction
  • Increase of data quality (Timeliness, Freshness, Accuracy…)
  • Higher customer knowledge
  • Lower Risks of non-compliance
  • Better understanding of compliance rules

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