From: RegTech Analyst
Banking as a service platform Treezor has inked a partnership with RegTech ubble, which will see the French FinTech offer a real-time video enabled KYC solution to its customers.
The deal will see Treezor, which was acquired by Societe Generale in October 2018, integrate ubble’s technology to strengthen its KYC offering.
The news about the partnership comes hot on the heels of the French startup ubble raising €10m in June.
Among other things, the team-up will see Treezor offer a video-enabled remote identity verification solution that complies with the highest security standards on the market to provide reliability comparable to that of a face-to-face meeting.
The companies argued that the ability to use video of an identity document, rather than a photo, is a significant tool in the fight against financial crime as it prevents false identity documents and identity theft.
“The choice of Treezor confirms ubble’s commitment to providing a reliable and easy-to-use identity verification solution for demanding players in the banking and credit sectors,” said Juliette Delanoe, COO and co-founder of ubble. “We want to build on this partnership to increase the efficiency of our product development and capitalize on Treezor’s international development ambitions.”
Éric Lassus, CEO and co-founder of Treezor, added, “Remaining true to Treezor’s spirit of innovation, we are always looking for the most innovative partners. Our approach is to continually offer real technological advances while improving security for our customers and meeting regulatory requirements. ubble meets the needs of a regulated institution like Treezor, proposing greater security, more fluidity, and an optimized customer experience. This partnership demonstrates the benefits of our open platform approach, serving speed to market and cost sharing.
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