eLearningClasses.com
Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

FIVE FINSERV TOOLS TO IMPLEMENT THIS FORTNIGHT

This week marks the start to Fintech Fortnight – a celebration of all things financial, digital and tech across the UK.

Currently, there are more than 60,000 people working in fintech within the UK alone. The sector itself is worth a staggering £7 billion, and this is only set to increase in the coming months and years.

As fintech continues to grow in popularity, and thus competition, here are five tech providers financial service firms should look toward implementing if they want to maintain an edge.

1 – PCA Predict (a GBG company)for KYC onboarding

Capturing data according to the Know Your Customer (KYC) regulations is an important step to prevent money laundering, fraud and other criminal activity.

PCA Predict’s (a GBG company) software aims to make data capture and validation easy for banks and finservs looking to implement KYC onboarding. Their validation software streamlines the overall user experience by removing friction with the aim of making sign ups quick and easy. PCA Predict’s platform can be customised to fit any interface and fits applications throughout the customer process, from verifying new customers to updating existing records.

2 – Fidor Solutions for white labeling

Fidor Solutions specialises in providing middleware solutions and front end mobile and internet banking through the cloud. They’ve produced fidorOS, a digital platform using open APIs and enabling banks and fintechs to plug in and offer their own financial products.

Under the new PSD2 regulations, fidorOS’ integration makes it easier than ever for banks and fintechs to offer and aggregate services for customers across a range of partners and providers while minimising costs.

3 – Onfido for identity verification

Rooted within machine learning technology, Onfido works to verify identity through biometrics and ID like passports or drivers’ licenses.

Onfido’s technology cross checks identity documents across databases to protect against identity theft. A key part of this technology is in-app identity verification that seeks to simplify the user experience for consumers, while also conducting due diligence on behalf of financial organisations.

4 – Acellere for software development

Software technology company Acellere is focused on developing ‘clean code’. Their flagship platform – called Gamma – enables developers to identify, address and resolve problems within software.

What this means for the financial industry is twofold. Firstly, user experience could be improved by streamlining online interfaces and minimising glitches within programming. Additionally, security can be strengthened through accurate and efficient code, limiting threats from hackers or fraudsters.

5 – Kurtosys for website design

Kurtosys’ platform helps financial institutions to organise and sync data across websites and portals to improve sales, marketing and customer satisfaction.

The platform is customisable depending on needs, and gives overight to finservs’ overall operations, including marketing and engagement.

With all tech providers out there today, it’s crucial that your company chooses the right partner. These are some of the companies leading the way as service providers within the fintech and finserv space. Implementing just one of any of these providers can give you the upper hand against the competition within the fintech space.