Trusted Sources
Access to and extraction of information from legitimate sources that provide accurate, verified, evidence-based data, offering 85% savings on data management costs.
Trust in the information you receive from your customers
Work with the guarantee of having access to real customer data, safe in the knowledge that it comes from a trusted source and cannot be manipulated, thus reducing the rate of fraud.
Logalty, as a trust service provider, attests all documents or attributes retrieved from Trusted Sources by generating an eIDAS2-compliant Electronic Attestation of Attributes.
Do you know how it works?
The process is initiated by the requesting entity, who tells the user what information they need
Through a technological process and on their own behalf, the user retrieves the information required by the requesting entity from the trusted source
Through a technological process and on their own behalf, the user retrieves the information required by the requesting entity from the trusted source
The user then delivers the data to the requesting entity, signing and dating the time of delivery
In the case of a recurring process, the user only needs to set it up once, as they have control over the automated repetition of data extraction and delivery
The user is the sole owner of their own information
The user carries out data collection by means of a technological process, accessing the trusted source through:
The user has full control over the data, as well as the automated delivery of information to the requesting entity, which reduces its responsibility, time and costs.
No third-party delegation
Compliance with data protection law
Improved customer experience
Improved customer experience
Turning data into trusted credentials
The information you need from your customers is extracted and processed as readable data to be used in various applications. By incorporating this data into your business processes, you can carry out transactions with your customers securely.
The trusted sources from which data is extracted are credible and legitimate, and contain the real data you need to know about your customers.
What kind of data can be retrieved from trusted sources?
In order to reduce your data processing responsibilities, only request information that is strictly necessary from your customers. Some common examples of data are: age, nationality, employment history, income tax return, complete credit report (e.g. CIRBE report), VAT, etc.
Which regulations is the solution aligned with?
Compliance with a variety of regulations makes Trusted Sources the partnered solution that our customers need, allowing us to provide our service with the utmost availability, integrity, confidentiality and authenticity.
Thanks to this, Trusted Sources is the MOST ROBUST solution in the European Union.
What are the most suitable use cases?
Financing and renting all sorts of vehicles is a challenge when it comes to verifying the authenticity of documents provided to the bank by the user.
The entity requests documentation (VAT, personal income tax, corporation tax, etc.) from the customer to apply for loans or guarantees, or to be able to process and assess line of credit renewals.
The first step of a mortgage application is to collect a wide range of documents from the user from various sources in order to assess financial standing and solvency.
Where does Logalty come in?
Logalty, as a Trust Service Provider, is involved in the entire process to ensure legal security and soundness throughout.
Logalty’s processes have been designed in line with the strictest governing regulations.
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It attests documents and attributes collected from trusted sources.
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It safekeeps documents and attributes signed and dated in a qualified manner.
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It safekeeps agreements on automated data extraction and delivery.
What are the benefits for your organisation?
Guarantees accurate, credible and legitimate data.
Reduces risks in your operations by avoiding identity theft.
Automates processes and offers an 85% reduction in costs associated with data management.
More streamlined customer processes, offering a greater user experience.
Cuts processing times by 87% and lowers the potential of manual data entry errors.
Launches 100% secure processes in line with the strictest regulations.
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