Onboarding Verification

While KYC and onboarding verification have traditionally been a manual process, embracing automation and modern technology is the way ahead.

Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.

Insurance juggernaut AXA has suffered a cyberattack which saw it lose 3 TB of sensitive data from its Asian operations.

US card issuing platform Marqueta has partnered with Swissquote to provide an app-based card program that offers banking and investing services in a single space.

US edge cloud service provider Zenlayer has closed a $50m Series C financing round led by Anatole Investment.

Cryptocurrency platform SwissBorg has partnered with payments company OpenPayd to help the former embed a full suite of financial services into its user experience.

Compliance Systems has launched the first mobile-enabled online account opening solution, which enables financial institution customers and members to open accounts up to ten times faster, it claims.

American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.

Payments giant Mastercard has collaborated with Billetera to offer digital payments to consumers in the Democratic Republic of Congo (DRC).

To be successful with innovation and digital transformation, insurance firms need to learn from when changes do not work out, according to Swiss Re UK digital transformation officer Pravina Ladva.