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

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...