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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

PYMNTS

Video-based know your customer (KYC) processes are particularly promising in this regard. The latest Digital Identity Tracker® examines KYC regulatory requirements FIs face as well as how video-based KYC can ease onboarding for all parties. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

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The Finanser’s Week: 20th July 2020 – 19th July 2020

Chris Skinner

The main blog headlines are … The FinTech Karaoke Challenge OK, OK, OK. I know that some of my friends have been doing FinTech and Banking songs for a while, and I’ve avoided it. I’ve also avoided doing much video, as I don’t like seeing myself on camera.

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Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch

PYMNTS

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Amazon Trials Video Onboarding Calls To Thwart Merchant Fraud. Amazon is trialing video as an alternative to in-person meetings to verify the identity of new merchants.

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Why London’s Calling For The FinTech Industry

PYMNTS

Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. It was an obvious choice for [Plaid] to be in, honestly,” Grose said.

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Trump’s WeChat Ban Could Rock The US Consumer Landscape

PYMNTS

But many questions remain, the main one being the exact scope of the executive order. If “any subsidiary of that entity” means the order impacts Tencent’s holdings outside of WeChat , the ramifications for the gaming industry, the payments industry, FinTechs, BigTech and any tech company operating in China could potentially be huge.

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Wirecard Maps Out The True Path To Innovation

PYMNTS

Her observations cover a wide range of topics, but among the main themes is to look beneath the surface of technology, processes and innovation ideas. FinTech Partnerships. But as Ives tells it, companies that open their doors to FinTech will benefit from fresh thinking from experts who might have a different but useful point of view.

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Retail banking trends to look out for in 2023

Independent Banker

We do thousands of video banker transactions every year. These can be used as ATMs but also offer video banker service,” Versluys says. “We We do thousands of video banker transactions every year. Gorham Savings Bank in Gorham, Maine, has also found that upgrading its teller machines has enhanced customers’ banking experience.