They need to increase their conversion rate when opening accounts. Thanks to PresentID, they could reduce friction and abandonment which are linked to the long on-boarding process and sometimes to the poor relational quality or clumsiness of the stakeholders.
PresentID helps to streamline the online on-boarding process. Online identity verification is mandatory in view of the increasing number of new online banks without physical branches and the growing need of many operators to offer a remote service:
Simplification and acceleration of the identity verification process
Increased number of account openings
Stop identity theft
Ensures compliance with KYC and anti-money laundering directives
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