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

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market.Highlights: Coinbase has launched the first GBP stablecoin.This...

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...

Coastal Bank Partners with Tempo to Strengthen Cross-Border Money Transfers

The partnership aims to enhance international money movement solutions.Highlights: Coastal Bank has partnered with Tempo for improved cross-border...

Lloyds Accelerates Homebuying with Fully Digital Service

New platform aims to reduce waiting times for mortgage approvals.Highlights: Lloyds introduces a fully digital homebuying service.Service aims...