Onboarding Verification

A European bank which serves 10 million customers could save up to €10m annually and avoid fines if they improve technology behind know your customer (KYC) processes, study from Mitek and Consult Hyperion states.

Payments and ID platform Nuggets will leverage the identity verification software of Onfido to authenticate and onboard new users.

Financial software provider Allevo and open source integration vendor WSO2 have partnered up to deliver an open banking solution in Romania.

Onboarding clients can be a time-consuming and risky process. That’s what Remonda Kirketerp-Møller’s RegTech startup aims to change.

With less than a month until the final deadline of Strong Customer Authentication (SCA), fears around preparedness are still prevalent and firms are trying to ensure there will not be a fall in payments come September 14.

It has become a common occurrence that a subject (be it a legal entity or a human being) is involved in multiple aspects within an organisation. An entity which is being serviced for different products or services would usually lead to multiple records of the subject and also multiple KYC processes leading to inefficiencies and also increased risk. KYC Portal allows you to benefit of such occurrences to improve efficiencies and reduce risk exposure

Identity verification provider Onfido has been joined by FinTech companies Monese, Seedrs, Curve and B-Social in a sandbox run by the Financial Conduct Authority (FCA).

Tally, a banking app which offers an alternative physical asset currency, has selected TruNarrative’s unified platform for real-time customer onboarding.

H2O.ai, an AI and machine learning developer, has received $72.5m in its Series D round to support its global marketing and sales efforts.

Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management.