Facenote vs Parallel Markets

<p>Facenote is an innovative identity verification software designed to help organizations create secure, compliant, and seamless identity authentication processes. It focuses on protecting user data privacy by using a platform that operates without exposing personally identifiable information or relying on selfies, allowing cross-border compliance and enhanced user sovereignty.</p> <p>With Facenote, you gain access to a deviceless, local, and decentralized identity verification system powered by blockchain consent management. This ensures privacy and control for users while enabling you to integrate contactless identity verification into existing customer flows effortlessly. Facenote’s approach supports organizations prioritizing security and user privacy in their identity authentication workflows.</p>

<p>Parallel Markets is a compliance software platform designed to automate and streamline onboarding and KYC verification for institutional clients and individuals. It equips your compliance team with tools to collect data and documents efficiently, monitor compliance flags, and ensure ongoing adherence to regulatory obligations. The platform supports both individual and corporate onboarding, featuring beneficial owner mapping and transparent KYB services to accelerate client intake processes.</p> <p>With Parallel Markets, you can also verify investor status through its 506(c) accreditation services, simplifying capital raising and expanding your investor base. The platform offers a reusable universal investor identity called iCapital Investor Passport, saving time and resources across compliance workflows. This solution is ideal for businesses needing to meet evolving AML rules and regulatory requirements efficiently, catering primarily to financial and investment sectors.</p>