SOLO described it as the first coordinated engagement across Treasury, FinCEN, the OCC and FDIC intended to make bank-to-bank reliance work at scale. § 1020.220 also permits a bank to rely on another financial institution to perform some or all of those procedures. Reusing identity verification does not relieve a bank of separate customer due-diligence, transaction monitoring or suspicious activity reporting obligations. SOLO’s technical documentation says a certificate can include information about identity documents, biometric capture and review, liveness checks, addresses and identity corroboration. Article Topicsfinancial services | FinCEN | IAL2 | identity verification | KYC | reusable digital ID | SOLO | United States