One KYC.
Every institution.
Zero re-submission.
Sovio Parichay turns a single verified KYC into a portable, consent-driven token — reusable across banks, fintech, insurance, telecom and travel. No repeated submissions. No data sprawl. RBI-aligned by design.
Aligned with the directions, standards and consent architecture your compliance team already trusts — across banking, identity and data protection.
KYC is repeated everywhere — and that is the failure.
Every institution re-runs the same KYC the customer already passed.
A customer walks into a bank, submits PAN, Aadhaar and proof of address — and does the exact same dance at the next bank, the mutual fund, the insurance company. Each entity maintains its own verification pipeline, its own records, its own audit trail. The customer pays in time. The institution pays in cost.
Storing personal documents in every silo turns each one into a breach surface.
Fragmented KYC creates parallel copies of PAN, Aadhaar and address proofs across dozens of databases — each a target, each a liability under DPDP. The fix is not better vaults. It is removing the need to copy at all.
Complete KYC once at any regulated institution
User completes full KYC — Aadhaar, PAN, address proof — at a bank, fintech or KYC-ULA. Standard RBI process, executed once.
This is the only time the customer submits raw documents.
A bank account opened in twenty seconds. Zero re-submission.
- 00:00Priya walks inPriya enters a bank branch to open a savings account.
- 00:03Token requestedThe branch asks if she holds a Parichay token from any institution.
- 00:06Wallet openedPriya opens her wallet app — her mutual-fund issued token is listed.
- 00:09Consent grantedShe selects scope (KYC verification) and confirms the share.
- 00:12Signature verifiedThe bank verifies the ECDSA signature against the issuer's public key.
- 00:16KYC acceptedBank confirms KYC type, freshness and subject binding. No re-submission.
- 00:20Account openedAudit trail closed. Tamper-evident. Regulator-ready.
Six guarantees. Not policy — properties.
- 01Personal data never leaves the issuing institution.
- 02Tokens are cryptographically signed and tamper-evident.
- 03Every share is governed by a revocable consent receipt.
- 04Verification is offline-capable — no issuer round-trip.
- 05Tokens are revocable by user or issuer; time-bound by default.
- 06Compliance is built-in: RBI Master Direction, DPDP Act, IT Act.
Built on RBI directions and open identity standards.
Reusable KYC engineered for every regulated institution.
For architects, compliance leads and integration engineers.
{
"token_version": "parichay-v1",
"issuer_id": "oid.sovio.bank.abc",
"subject_hash": "sha256:a1b2c3...",
"verification_jti": "7d295-8b-17f1d-3d-002",
"kyc_type": "full",
"valid_until": "2027-05-17T18:38:00Z",
"signature": {
"algorithm": "ECDSA-P256",
"value": "MEUCIQD..."
}
}receiver = "bank.xyz";
ok = verify_signature(token, issuer_pubkey);
if (ok && fresh(token)) → ACCEPT KYC
else → REJECT (audit logged)
Every token share emits a signed consent receipt — scope, purpose, duration, revocation. Issuer holds the data; user holds the token; receiver holds proof.
See Sovio Parichay
in your ecosystem.
Schedule a personalised demo to see tokenised reusable KYC running in your environment.