Fintech as a Service (FaaS) is a business model that enables companies to outsource financial technology (fintech) services to a third-party provider. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial operations. Let’s explore the concept of Fintech as a Service and the impact of API solutions on Fintechs.
Even if you’ve been living under a super-sized rock for the last few months, you’ve probably heard of ChatGPT. It’s an AI-powered chatbot and it’s impressive. It’s performing better on exams than MBA students. It can debug code and write software. It can write social media posts and emails. Users around the globe are clearly finding it compelling. And the repercussions – good and bad – have the potential to be monumental.
Identity verification is a critical aspect of many businesses and organizations, ensuring that the individuals accessing resources or services are who they claim to be. With the advent of Artificial Intelligence (AI), this process has become more efficient, secure, and cost-effective. In this blog, we will explore how AI is being used in identity verification and its potential benefits.
Video KYC (Know Your Customer) is a process for customer Identity verification using remote video technology. It is a secure and efficient way for financial institutions, online businesses, and other organizations to verify the identity of their customers without requiring them to physically visit a branch or office.
Remote, Digital Onboarding is now deemed a “car in the garage” solution to onboarding new customers online. This typically contains a form of Government ID verification and Biometric Check before secure signup(Face Match). But the ” new car in the showroom” solution that you desire is IDcentral’s Face Trace product.
In the world of finance, digital onboarding is becoming increasingly important for neo banks. Neo banking refers to a new generation of digital-only banks that offer a wide range of financial services through mobile apps and online platforms. These banks are typically built on top of existing infrastructure, and they rely heavily on technology to provide a seamless and efficient customer experience. Digital onboarding is the process of registering for and opening a new account with a neo bank.
