Transforming digital identity from burden to business

‍With JB10X Consulting, a young and unconventional RegTech consultancy enters the stage of management consulting. With the claim to actively shape the future of digital identity, JB10X Consulting supports its clients in strategic issues, in the design and marketing of product portfolios and in the development of new business areas or companies - always with a clear focus on digital identity and trust. The consulting projects range from product design, architecture and development to corporate restructuring in the context of industry-specific regulation and certification.

Know your customer in 2023

In many industries, it is a legal requirement to check a new customer before entering into a business relationship. The most prominent example is banking, where the verification process is aimed in particular at consistently preventing money laundering and terrorist financing. But companies in other industries also have an interest in knowing their customers as well as possible before entering into a business relationship. The Corona pandemic has acted like a fire accelerator and made many companies aware of the importance digital processes will play in the future. It is therefore not surprising that many companies are currently trying to develop systems for e.g. digital contract and onboarding routes for new customers and to provide them with legally valid electronic signatures.

Easy-peasy - or not?

However, there are many points to consider in these projects: In addition to IT and data security aspects, simple integration into existing systems, and nationally different regulatory requirements for the process flow, this particularly includes the creation of an excellent user experience. Even the major players in the banking and insurance industry often fail to combine the necessary know-how to successfully handle all these complex and interdisciplinary requirements within a manageable timeframe. Projects that seemed simple at the beginning quickly get out of hand in terms of costs or are immensely delayed - with poor results, companies then lose their new customers on the home stretch.

JB10X Consulting - the competence center for digital identity and trust

It is an art to generate, store, manage and process digital identities in such a way that their full potential is realized and both identity holders and users benefit from them. JB10X Consulting not only provides the necessary expertise, but also actively participates in implementation projects as needed. In customer projects, JB10X consultants always act as a "mixed double" - specialists in industry-specific regulatory compliance, in IT, technology and application development, as well as in strategy, business development and venture building are applied, depending on the requirements.

"We are experts who advise while thinking entrepreneurially, not consultants who merely pretend to be experts. Project teams with heterogeneous expertise guarantee our clients a 360-degree view of their problem and a balance in the area of tension between technology, business and compliance," says Monika Moser-Bärlehner, Managing Partner of JB10X Consulting.

Other partners include Ludwig Schulte, inventor of the Bank Ident process, and Jonathan Berroth, digital identity veteran and founder of JB10X Group. They are supported by a steadily growing team of reg, tech and business consultants as well as an extensive network of independent identity experts.

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About JB10X Consulting

JB10X Consulting is a boutique RegTech consultancy with deep expertise in digital identity and trust. The consulting fields cover identification and authentication of natural and legal persons, identity & access management, Identity-as-a-Service, and electronic signatures - in particular, related to European and national regulations such as AMLD6, GwG, eIDAS, PSD2, and ETSI.

JB10X combines extensive hands-on compliance, technology, and business know-how with a strong entrepreneurial mindset and problem-solving attitude. Consulting projects range from strategy consulting, product design, architecture, and development to company restructuring, always focusing on optimization and innovation in the context of industry-specific regulation and certification.

By observing disruptive technology trends such as Self-Sovereign-Identity, Digital ID Wallets, Verifiable Credentials as well as Distributed Trust, JB10X Consulting sets impulses for innovation at the customer and thus enables them to shape the future of the identity market actively. More at www.jb10x.com and media@jb10x.com