Ekata’s holistic solution is designed to solve both sides of the flow: automating the onboarding process via APIs and enabling more efficient manual reviews with a SaaS solution. Key benefits of the Merchant Onboarding solution include:
Onboard micro-merchants and sole proprietor businesses: Ekata customers can build trusted risk profiles for micro-merchants and sole proprietors that lack the typical track record – verifying information and approving or rejecting applications.
Route good customers for automated underwriting: Businesses can shift low-risk merchant applications away from high friction onboarding steps such as supplemental document collection and manual review, towards automated approval.
Reduce time spent in manual review: Businesses can view a key set of individual and business data, reducing the time needed to research data across multiple sources and helping the reviewer make an efficient decision.
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