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Synctera signs on Socure and CheckAlt as latest partners

Tuesday 13 April 2021 09:35 CET | News

US-based Synctera has announced partnerships with CheckAlt and Socure to bring mobile remote deposit capture (MRDC) and identity verification capabilities to clients.

Alongside the partnership news, Synctera is also announcing two new product offerings for its fintech and community banking partners: ACH-as-a-Service, helping community banks to execute ACH payment instructions on behalf of their fintech partners, and Ledger-as-a-Service, allowing fintechs to outsource ledger functionality to Synctera. 

As a result of Synctera’s partnership with CheckAlt, Synctera will be able to help community banks simplify their stack while also offering a more streamlined go-to-market pipeline for fintechs as well. With the CheckAlt partnership, Synctera's fintech clients will be able to get industry-standard MRDC directly from their banking partner and access the technology through Synctera APIs.

Socure’s Sigma Fraud Suite and Intelligent KYC solutions passively assess prospective customers online to achieve auto-approval rates of up to 94%, as the press release says. The fraud suite and KYC products are part of Socure’s digital-first ID+ platform offered by Synctera that also includes physical document verification, a compliance suite, and modules for device, email, phone, and address risk.

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Keywords: partnership, ACH, fintech, API, KYC
Categories: Banking & Fintech
Companies:
Countries: United States
This article is part of category

Banking & Fintech