New RegTech consultancy with focus on digital identity and trust

**(Berlin, 16.02.2023) 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 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 creating 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 often get out of hand, especially in terms of costs or tremendous delays, and deliver poor user experiences, resulting in companies losing 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, 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. Further partners include Ludwig Schulte, inventor of the Bank Ident system, and Jonathan Berroth, digital identity veteran and founder of the 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.

  digital-id, kyc, onboarding, ssi