WHY IS Digital identity verification and screening NEEDED?
It can be used to verify and prove the identity of new customers applying for retail bank accounts, loans, credit cards, or other retail products. The solution can also be used to quickly and securely onboard high-net-worth individuals in institutional and wealth management.
Here are 4 main benefits of using digital identity verification and screening:
– Establish relationships with consumers and improve customer experience
– Deliver more efficient and secure onboarding
– Lower costs and enhance compliance.
– Going paperless process
Digital ID verify and risk screening (eKYC combined OCR)