TOKENISED · REUSABLE · RBI-ALIGNED

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.

The problem

KYC is repeated everywhere - and that is the failure.

Manual identity verification slows onboarding and creates unnecessary operational friction.

Collecting and storing sensitive identity documents creates privacy, security, and compliance risks.

Use Cases

Reusable KYC engineered for every regulated institution.

How Parichay Works

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.

End-to-end flow

Reusable KYC — onboard in seconds, not days.

From token issuance to KYC verification — two workflows that eliminate redundant document submissions.

KYC Token Issued
KYC token issued workflow
KYC Onboarding
KYC onboarding workflow
Why this is portable & private

Six guarantees. Not policy - properties.

  1. 01Personal data never leaves the issuing institution.
  2. 02Tokens are cryptographically signed and tamper-evident.
  3. 03Every share is governed by a revocable consent receipt.
  1. 04Verification is offline-capable - no issuer round-trip.
  2. 05Tokens are revocable by user or issuer; time-bound by default.
  3. 06Compliance is built-in: RBI Master Direction, DPDP Act, IT Act.
Standards & protocols

Built on RBI directions and open identity standards.

Framework
Title
How Parichay applies it
RBI Master Direction
KYC
Compliance with video KYC, periodic updation and risk categorisation directions.
Reusable KYC Token
Token specification
Standardised token format from RBI's digital-identity working group - interoperable across entities.
Consent Framework
Account Aggregator-style receipts
Machine-readable, auditable, revocable consent for every token share.
DPDP Act
Data localisation & privacy
Personal data stays with the issuer. Token carries proof, not raw data.
IT Act · Digital Signatures
ECDSA-P256 on PKI
Signing conforms to applicable digital-signature frameworks (IT Act, RBI).
Audit & Reporting
Immutable ledger
Issuance, share, verification and revocation logged for regulator reconciliation.
CREDEBL
LF Decentralized Trust
Built on the open-source CREDEBL platform - no proprietary lock-in.
Built on regulatory frameworks - not proprietary protocols.

Aligned with the directions, standards and consent architecture your compliance team already trusts - across banking, identity and data protection.

RBI Master Direction · KYCReusable KYC Token SpecConsent FrameworkDPDP ActDigiLockerIT Act · Digital SignaturesISO 27001Data LocalisationCREDEBLRBI Master Direction · KYCReusable KYC Token SpecConsent FrameworkDPDP ActDigiLockerIT Act · Digital SignaturesISO 27001Data LocalisationCREDEBLRBI Master Direction · KYCReusable KYC Token SpecConsent FrameworkDPDP ActDigiLockerIT Act · Digital SignaturesISO 27001Data LocalisationCREDEBL
BUILD · SCALE · SECURE

See Sovio Parichay
in your ecosystem.

Schedule a personalised demo to see tokenised reusable KYC running in your environment.