Question 1

What is zkTLS and how does it work?

Accepted Answer

zkTLS (Zero-Knowledge Transport Layer Security) allows users to prove they have certain data from trusted sources without revealing the actual data. It enables private financial verification by generating cryptographic proofs of income, creditworthiness, or account balances without exposing sensitive financial information.

Question 2

How does CredZK protect my financial privacy?

Accepted Answer

CredZK uses zero-knowledge proofs to verify your financial information without ever accessing or storing your raw financial data. Your bank statements, income details, and credit information remain completely private while still allowing you to prove your creditworthiness to lenders.

Question 3

Can banks integrate CredZK into their existing systems?

Accepted Answer

Yes, CredZK provides APIs and SDKs that integrate seamlessly with existing core banking systems, loan origination platforms, and KYC/AML compliance workflows. The integration typically takes 2-4 weeks and is designed to work with major banking platforms.

Question 4

Is CredZK compliant with banking regulations?

Accepted Answer

Yes, CredZK is designed to meet FFIEC compliance requirements and follows OCC guidance for digital identity verification. Our platform supports KYC and AML compliance while maintaining the highest standards of financial data privacy and security.

Question 5

How fast can loan approvals be with CredZK?

Accepted Answer

Banks using CredZK can provide loan approvals in as little as 15 minutes, compared to the traditional 14-day process. This is achieved through automated underwriting powered by instantly verifiable financial credentials that eliminate the need for manual document review.

Question 6

What types of financial verification does CredZK support?

Accepted Answer

CredZK supports comprehensive financial verification including income verification, employment verification, bank account verification, credit assessment, and digital identity verification. All verification is done privately using zero-knowledge proofs without exposing sensitive data.