There are so many areas where Identyum can be used in the insurance industry. For example, one of the challenges is checking the credibility of a customer’s bank account when a claim should be collected. In addition to fast and frictionless online digital onboarding and identification, Identyum can provide reliable bank account verification through penny transfer, the customer bank’s PSD2 API, or a Direct interface. For example, by collecting transactional history (with the customer’s consent) and transaction categorization, the Identyum can help insurance companies accurately assess potential customer risk factors.