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
Simplify the process and reduce the cost and time associated with each new customer.
Stop fraud and account usurpation by guaranteeing the investor's customer journey.
Ensuring compliance with KYC and anti-money laundering directives in real time.
High Risk Transactions
Protecting accounts and customers against spoofing with strong authentication.
Securing and facilitating financial transactions, while complying with KYC and anti-money laundering directives.
Faster and more frictionless client identification and enrolment, protection of client assets against sophisticated account fraud.
Facilitating the loan application process by authenticating documents online and complying with KYC guidelines.
Credit Card Processing
Reduction of credit card fraud, verification of identity documents to ensure that the person holding the card is who they claim to be.