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

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...
FinTech

UK Banks Strengthen Cybersecurity with Anthropics Mythos Model

New collaboration enhances banks' defense against cyber threats.Highlights: UK banks to access Anthropics Mythos model in the upcoming...
FinTech

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...