fino upgrades account switching service

Wednesday 30 June 2021 12:45 CET | News

Germany-based banking company fino has announced upgrading its customer onboarding for banks by adding a progress status module to its account switching service.

New customers can use this module to track the progress of all onboarding tasks for 90 days. The ‘change status’ is linked to the fino account change service, enabling banks to facilitate the move for new customers. Customers can log into their previous online banking system in the software of their new financial institution via a PSD2 interface.

Customers log into the bank application to see which payment partners are already using the new bank details and which are still pending confirmation. The documents for changing accounts, which were previously sent by email, are stored on the platform. After completing all steps, the customer may cancel their old account directly.

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Keywords: digital onboarding, product upgrade, PSD2, mobile banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Germany
This article is part of category

Banking & Fintech

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