Identity and Onboarding Solutions for
Financial Services
Today's customers hold high expectations for their digital experiences, requiring both speed and ease-of-use.
At Instafido, we boast a global footprint of financial services companies improving customer experience, ensuring regulatory compliance and enhancing operational efficiency with our full suite of identity verification, ID authentication, and onboarding solutions.
Get customer service right by giving your customers the convenience they expect without sacrificing security.
Banks, insurance providers, cryptocurrency companies, and other financial services rely on Instafido.
AI-Powered Banking and Finance
Authentication Solutions
Instafido has a global footprint of financial service companies utilizing our full suite of identity verification, ID authentication, and onboarding solutions. Banks, insurance companies, cryptocurrency providers, and many other financial service companies rely on Instafido for AI-powered technology integrated into a seamless onboarding application.
Banking Solutions
Banking Applications
Customers use Instafido technology to solve many finance industry solutions including:
1. Digital Account Opening (Self Service)
2. Digital Account Opening (Assisted by Agent)
3. Branchless Banking
4. Loan Originations
Banking and Finance Features
Our solutions provide many different features depending on your specific application:
1. ID capture, Automatic OCR, Barcode reading, Selfie capture (with Liveness detection), automatic match Selfie to ID photo
2. Biometric deduplication ensures one person is only one customer
3. Workflow management and case management
4. Data verification against 3rd party systems (See Instafido Junctions)
Biometric Identity Verification
Verify biometric identity of enrolled customers for:
1. Account updates
2. Wire transfer initiation
3. High value transactions
Money Transfer/Check Cashing/Cryptocurrency Solutions
The largest money transfer company in the world relies on Instafido’s document and identity verification solutions. Our AI and biometric engines are used 24/7 to execute millions of money transfers every year. If you require the best authentication of your consumers, Instafido can help you in over 160 countries around the globe. Our database of documents supported is not just a number, we update over 4000 documents every single month and these documents constantly feed our machine learning tools to ensure we are providing the most comprehensive solution on the market.
Lending Solutions
Instafido helps solve the issues with remote lending, origination, and closing. Our applications can automate your processes and significantly improve your identity process with added KYC capabilities as well as ensuring there are no issues with agent or customer fraud.
Insurance / Pensions Solutions
Manage your insurance accounts with digital policy purchases, payments, claims management, customer onboarding, and account management. Instafido offers the following insurance and pension solutions:
1. KYC: ID capture, automatic OCR, barcode reading, selfie capture (with liveness detection), and automatic match: selfie to ID photo.
2.Can be used by agents or in self-service
3.Other biometrics – fingerprint, face, voice, iris
4.Biometric deduplication ensuring one person is only one customer
5.Biometric verification for repeat customers
6.Workflow management and case management
7.Data verification against 3rd party systems (Instafido Junctions)
8.Data delivered automatically to your core data systems
CASE STUDY: Global Bank Decreased Fraud by 90% After Using Instafido Biometric Technology
After engaging Instafido to implement its advanced biometric technology in 2018, Santander bank began to see an immediate decline in fraudulent activity despite the increased enrollment and activity in client pension accounts.
Our Financial Customers
Contact Us Today
We love helping customers solve problems and we are easy to do business with, try us out
- +1 (800) 925-8041 Ext. 2
- sales@instafido.com
Locations
contact address
RankaColony Rd,
Munivenkatppa Layout,
Bilekahalli, Bengaluru,
Karnataka - 560076
contact address
1 MIR Green Metropolis Kakkanad,
Kochi - 682030
