They need to increase their conversion rate when opening accounts. Thanks to PresentID, they were able to reduce the friction and abandonment linked to the long integration process and sometimes to the poor relational quality or the awkwardness of the parties involved.
PresentID helps streamline the online onboarding process. Online identity verification is mandatory given the growing number of new online banks without physical branches and the growing need of many operators to offer remote service:
Simplifying and accelerating the identity verification process
Increase in the number of account openings
Stop identity theft
Ensures compliance with KYC and anti-money laundering guidelines
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