iComply Announces $2M Grant for COVID-19 Relief
Announcing iComply for Good, a $2M Services Grant for Government and Community Organizations Responding to COVID-19
March 31, 2020: The iComply for Good Services Grant is a $2M USD funding stream delivered for COVID-19 relief or response through eligible government agencies, registered charities, and community organizations. As the community support and engagement program for iComply Investor Services, iComply for Good‘s purpose is to strengthen the resilience, continuity, and remote operations capacity of our community organizations and social services.
Due to COVID-19, many organizations are scrambling to ensure their core functions can be safely and securely completed remotely. Governments need to identify and serve their citizens digitally. Universities, schools, and workplace education have moved online. Reporters and healthcare workers are battling misinformation and need to validate subject matter experts at scale. Charities need to accept donations and verify the source of funds without physical paperwork or face-to-face meetings.
iComply for Good is here to help these organizations survive and thrive despite the unique challenges of this new landscape.
We accomplish this by focusing on:
1. Building capacity through technology
2. Scaling impact through business process automation
3. Empowering organizations to support remote operations
4. Inspiring our peers to find creative ways to give back to our communities
Funding can be used to support client-side identity verification and document authentication, and e-signatures for remote operations, government subsidy claims, witnessing e-signatures digitally, source of funds, or source of wealth, KYC process automation, and AML risk intelligence data.
The following types of organizations will be prioritized in the grant assessment process:
Meet “Know Your Patient” requirements. Support virtual consultations. Protect patient identities and personal data according to local data and privacy regulations.
Protect citizens’ personal information with client-side identity verification. Reduce fraud in subsidy claims processes. Directly and securely integrate verification programs into government datasets.
- Online Education
Move classrooms and tests online. Avoid the “streamlined onboarding” fallacy and ensure the user behind the screen today is the same person that was originally verified.
- Charitable Organizations
Verify the identities of new staff, volunteers, donors, and more. Perform enhanced due diligence, source of funds, and source of wealth checks according to your policies and procedure
- Community Organizations
We are happy to support community services and relief efforts such as verifying employees, volunteers, or stakeholders directly through your social media channel, website, email, or mobile application.
Applying to iComply for Good
iComply for Good’s service grants program provides funds to cover 25-100% of the costs of iComply products, services, and data.
There is no deadline to apply, and we evaluate applications on a first-come, first-served basis. If you are a government or community organization that needs digital identity resources to support remote operations, apply now!
iComply’s solution loads a unique identity verification program into your website or mobile application. This ensures your user’s data stays on their device, in their jurisdiction, and can be sent directly and securely to your own servers, websites, or applications.
Client-side verification is a new technology that reduces the cost of identity verification by up to 80% compared to API or mobile app based KYC or identity verification services. This proprietary iComply technology ensures the highest institutional standards for data privacy, processing, and retention. Deployed in minutes using drag-and-drop verification widgets, these tools can optimize remote operations.
Is your AML compliance too expensive, time-consuming, or ineffective?
iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.
Request a demo today.
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