The digital bank was looking for a compliant way for its customers when applying for a new product and to verify their identity from anywhere and at any time.
The mobile app integrates software solutions provider’s ID document verification software, which lets users leverage the camera on their smartphone to capture an image of their ID document. The company’s algorithms extract the required information from the ID presented to verify the identity and automatically populates the application form. Background checks and the digital onboarding process take one minute, meaning that customers can access their new accounts in a matter of hours.
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