BankingBusiness

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
Previous article
SEC: FinHub becomes standalone office
Next article
Revolut: Launches Acquiring Solution For Business Customers
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

FinTech

BMO Strengthens AI and Quantum Research with New Institute

The new institute will focus on advancing AI technology and quantum computing.Highlights: BMO launches Institute for AI and...
FinTech

Lloyds Strengthens Leadership with AI Agent in the Boardroom

The British bank integrates artificial intelligence into executive decision-making.Highlights: Lloyds Banking Group introduces an AI agent to its...
FinTech

Ralio Secures $25M to Strengthen Agentic Payments Platform

Funding aims to enhance features and expand market reach.Highlights: Ralio raises $25M in a funding round.The investment will...
FinTech

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments.Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...