AIO ID verification tech: Comes to Finastra FusionFabric cloud platform

  • AIO Verified Financial Identity announced the availability of its financial identity verification technology via FusionFabric.cloud
  • Finastra and AIO help banks meet the heightened demand for business loans due to COVID-19 using a digital customer onboarding experience
  • In challenging times, banks struggling to meet the demand for the increased volume of business loans submitted
  • To establish a customer’s financial identity and meet KYC/KYB regulations, banks require applicants to collect many documents
  • AIO accelerates customer onboarding by up to 80% SaaS platform automates the collection and verification of digital financial documents
  • The customer-centric digital experience comes with built-in fraud prevention and privacy by design and provided as a standalone solution
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Experian Strengthens Services with Atdata Acquisition

The acquisition boosts Experian's email identity verification capabilities.Highlights: Experian has acquired Atdata, enhancing its email verification services.The deal...

Crypto.com Secures Conditional Approval for National Trust Bank Charter

The crypto exchange aims to expand its financial services in the U.S.Highlights: Crypto.com receives conditional approval for a...

PayPal Draws Takeover Interest Amid Market Changes

Bloomberg reports on potential acquisition speculations surrounding PayPal.Highlights: PayPal has caught the attention of potential buyers, according to...

Chase Accelerates Expansion with 160 New Branches by 2026

The banking giant aims to enhance accessibility for customers across the U.S.Highlights: Chase plans to open 160 new...