CLOUD SOLUTIONS
NEW PARTNERSHIP LEVERAGES STORJ ’ S DISTRIBUTED CLOUD STORAGE TO ADVANCE AHRVO ’ S GLOBAL COMPLIANCE , PAYMENT AND BANKING NETWORK
Ahrvo Labs and Storj have announced a partnership through which Ahrvo will leverage Storj ’ s distributed enterprise cloud storage to advance the delivery of Ahrvo ’ s Portable Identity , Document and Transaction Management solutions . Through the Portable Identity Gateway , Ahrvo enables direct access to 200 + payment and banking organisations globally . Ahrvo ’ s platform is ISO 27001 , PCI DSS , GDPR and CCPA compliant . The platform enables onboarding and client lifecycle management data collected during the Know Your Customer ( KYC ), Know Your Business ( KYB ) and Anti-Money Laundering ( AML ) processes to be controlled and reused by onboarded individuals and businesses for future KYC and KYB onboarding .
Storj has created a new future for cloud storage using spare capacity on drives and data centres , most of which are less than 30 % full . It provides enterprise cloud storage using an innovative approach that starts with objects being automatically encrypted using AES-256-GCM encryption and split into pieces that can ’ t be distinguished from any other object ’ s pieces . They ’ re distributed to uncorrelated nodes worldwide and easily reconstituted for download . Storj ’ s architecture eliminates the massive costs required to build and maintain data centres and avoids attacks that can be high-risk when data is stored in one location , which presents vulnerability as a single point of failure .
Appo Agbamu , Ahrvo Founder and CEO said : “ Our partnership with Storj enables us to offer distributed storage and shows Ahrvo Labs ’ commitment to industryleading innovation , global onboarding efficiency and world-class security and compliance . Especially as we formally launch the Ahrvo Network and shift our commercial attention toward Web3 adoption of our 20 + identity , document and transaction management solutions to help bring the crypto industry into compliance and serve as open compliance infrastructure for DeFi developers to build on . Storj ’ s distributed architecture helps ensure security , cost and resource efficiency , and high performance .”
With Ahrvo ’ s Portable Identity solutions , users regain autonomy over their personally identifiable information ( PII ), encompassing sensitive data like government IDs , biometrics , and financial documents . This revolutionises how CeFi and DeFi conduct KYC , KYB , and AML processes , eliminating the need to directly store PII , thereby significantly reducing data security risks . With Ahrvo ’ s Portable ID and Document solutions , businesses can now experience up to 90 % reduction of onboarding times while ensuring regulatory compliance .
Ahrvo Comply streamlines compliance by accessing and validating data from an extensive network of over 40,000 banks , 10,000 utility companies and 1,000 government databases . This comprehensive database empowers regulated organisations worldwide to conduct real-time verifications of bank account details , addresses , and business registration information . Each verified statement is accompanied by a certificate of authentication and data is seamlessly integrated into machine-readable formats for enhanced usability and efficiency . This information can be synchronised with Portable IDs and provided in a zeroknowledge manner .
Ahrvo serves clients in North America , the UK , Europe , LATAM , Africa , and Asia Pacific regions and protects organisations with decades of compliance , fraud and money-laundering prevention experience to improve efficiency across previously cumbersome business processes , while helping back offices maintain regulatory compliance .
Ben Golub , CEO of Storj , added : “ The Storj partnership with Ahrvo extends their commitment to delivering the most advanced infrastructure and protocols to support seamless , efficient , secure and compliant global financial transactions . We appreciate their vision and are proud to provide secure , high-performance global cloud storage that will accelerate their growth .” Together , Storj and Ahrvo are advancing the state of the art for technology and infrastructure that paves the way for tomorrow ’ s global digital finance industry . �
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