Digital transformation is the current buzzword in the financial industry. Banks and other companies in the financial sector are spending a lot of resources to digitally transform their companies to align with modern ways of doing businesses, but at the same time, to keep compliant with strict legal requirements imposed by their governing authorities.
By using the Identyum platform as an independent layer between their current and future clients and themselves, all the complexity of implementing several different technology providers and legal research is transferred to professionals in the area of digital onboarding.
By integrating Identyum platform on a bank’s website using Identyum Web API (or in a bank’s mobile app by using Identyum Mobile SDK), the bank can provide a seamless and frictionless onboarding, authentication & document signing solution for its clients. Whatever the financial product may be (loan, current account, deposit etc.), or whatever legal requirements need to be met to be able to deliver best features or services to bank’s clients, Identyum can provide a bank with a tailor-made solution completely compliant with GDPR, AML, PSD2, eIDAS and other similar regulations.
Additionally, Identyum platform can enable the bank to get client’s financial data (with his explicit consent), either by using PSD2 API, Open API or Direct bank interface. This data can then be used for many different purposes – bank account verification, financial capacity or propensity scoring and similar products and services.