By 2020 80% of all accounts will be opened online.
In a crowded marketplace, how do you choose which is the best option for your business?
Two key considerations are:
- The true cost of delivery 2. The quality of outcomes
- The goal is to on-board the customer as seamlessly as possible.
- Businesses pursue digital transformation projects in order to deliver change.
- Costly and complex, these projects take months to implement.
- ID-Pal can be implemented in a day and can verify customers in seconds.
API v SaaS+
The vast majority of KYC solutions on the market are provided by API vendors.
API vendors provide business customers access to their technologies but without the supporting technical architecture, hardware or user experience. The implementation of these solutions involve considerable complexity, cost, time and risk as the business is required to build out, test and integrate the wider solution housing the API.
ID-Pal is a SaaS+ solution for KYC that enables businesses to verify their customer’s identity and address in real-time using a combination of biometric, document and database checks.
- SaaS because we provide businesses with a complete end-to-end, off-the-shelf solution that can be instantly customised and implemented in just a few clicks.
- SaaS+ because our offering can be fully embedded into both the front-end customer experience and back-end business process using our Simplified SDK and End-Point API in less than a day.
ID-Pal delivers better outcomes across all customer channels whist minimising the spend, effort and timeliness on implementation.
Quality of Outcomes for ID-Pal
- 93% first time approval rates
- End-to-end customer onboarding experience in seconds
- Fully configured and implemented solution in less than a day
Our solution provides best-in-class management to keep customer data safe. All data is encrypted and never stored on the edge device, nor by ID-Pal after verification. As experts in encryption, security and privacy, we implement secure systems and operate critical identity verification services for our customers.
#identityverification #KYC #AML #RegTech #Fintech #fraudprevention
Get a Free Demo! Find out how we can help your business grow.
ID-Pal will secure your information and will never contact you without your consent.