Micro shares are KYC packages for which you do not need to have a questionnaire digitized in Avallone. Usually, these packages include sending documents, entity structures, and auto-generated overviews for the officers and companies.
Examples:
- You need to share an updated entity structure
- You need to share updated passports of the Board of Directors or the Ultimate Beneficial Owners (UBOs)
- You need to share new proofs for power of attorney
- You need to share a change of address with an up-to-date utility bill
- You need to share articles of association for a few of your legal entities
- & more
Find out about micro shares on Avallone:
Benefit from all security features Avallone offers when you share data with others
When sharing information with others, Avallone protects your data by safeguarding sensitive information, preventing unauthorized access, and mitigating the risk of accidental data breaches, ensuring the confidentiality, integrity, and availability of valuable data.
Security Features when Sharing a KYC Package
Share documents stored on Avallone or outside of Avallone. Super quickly!
Don’t want to store all your documents on Avallone? No problem. You can easily create packages with documents you don’t permanently store on the platform by attaching them directly to the package.
Attach documents directly to the package
Get notified when the counterparty downloads your shared data package
An email notification will be sent when the counterparty downloads your shared data so that you are always up to date with the progression of your data.
Example of e-mail notification when a counterparty downloads your KYC package
Clone and customize previous packages
You don’t need to start from scratch whenever you share KYC information with your counterparties. It is easy to clone an old package you already shared, make customized changes if needed, and send it to the same or new recipients.
Download your KYC packages any time you want (storage)
It can be difficult to keep track of shared documentation via email when you are flooded by hundreds of weekly emails. Avallone created a record for your created and shared KYC packages, allowing you to download a package later to extract data for internal or reporting purposes.
Downloading KYC packages
Share packages with multiple counterparties at the same time
You can share packages with as many recipients as you need, include personal messages for each, and resend the package to the counterparties who haven’t downloaded the packages yet.
Multiple recipients in a package
View all the activities on each created and shared KYC package
For example, who has downloaded the package, who has accessed it, who you shared it with and more.
Activities on a KYC package