ndgit and WebID partner to build digital financial ecosystems

Wednesday 2 December 2020 12:27 CET | News

ndgit, a European developer of open finance platforms for banks and insurance companies, has gained WebID, an online identification provider, as a strategic partner.

WebID's solutions can be integrated into the existing systems of financial service providers or digital companies via ndgit's digital API management platform. Furthermore, they can expand the range of fintech solutions on the ndgit Open Banking platform. Fintech services can be connected to core banking systems via ndgit's Open Banking platform, combined with each other and scaled as required.

WebID has set standards in identification procedures. In 2020 the company has developed an identification system for online banking in compliance with money laundering laws, legally compliant online contracts, or digital know-your-customer (KYC) processes. With 18 million transactions to date, WebID is a large provider of identification services in Europe, according the official press release.

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Keywords: NDGIT, WebID, Open Banking, Open Finance, identity verification, banking, partnership, fintech, KYC
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech