1. What is digital onboarding in financial services? Given where we are today with digital transformation, the chances are that the vast majority of people have at some point experienced digital onboarding within financial services. This is because the days of going into a branch to open a bank account and carry out identity verification
Onboarding is a crucial process for trading and brokerage firms, enabling you to introduce new customers to your platform and giving them their first taste of your service. However, it brings with it some well-known challenges. The right IDV should deploy an AI-powered approach, making it quick, simple and safe for customers to join your platform,
Trading and brokerage platforms are targets for criminal or even terrorist elements, who seek to launder money from their illegal activities or commit various forms of financial or identity-related crimes. The sheer volume of transactions and cash that platforms process, combined with the international nature of the business and the rise of multiple trading options
It compares the person’s selfie with Veriff’s existing session data, quickly identifying the user and activating their re-authentication preferences, eliminating friction and facilitating a smoother user experience. There is a current market demand for strong customer authentication and continuous KYC across all businesses online. As the cryptocurrency sector thrives on the concept of frictionless digital currency exchanges, verification continues
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