Connect with us

Top Stories

MONEYOU, ABNAMRO’S DIGITAL BANKING SUBSIDIARY, INTEGRATES MITEK’S IDENTITY SOLUTIONS FOR REAL-TIME, COMPLIANT, DIGITAL ONBOARDING

MONEYOU, ABNAMRO’S DIGITAL BANKING SUBSIDIARY, INTEGRATES MITEK’S IDENTITY SOLUTIONS FOR REAL-TIME, COMPLIANT, DIGITAL ONBOARDING

Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced that MoneYou, the fully-digital consumer banking subsidiary of ABN AMRO, is using its Mobile Verify® and Mobile Fill® solutions to securely onboard customers while meeting stringent Know Your Customer (KYC) regulations.

Founded in 2001 as a fully digital bank, MoneYou needed a seamless and compliant way for customers applying for a new product to verify their identity from anywhere and at any time.

“I am pleased that we have found a partner such as Mitek that enables us to achieve our customer experience ambitions for onboarding and, simultaneously, meet the ever-growing requirements for ‘reliable’ identification,” says Theo van Bon, Chief Operations Officer at MoneYou.

“Fully digital onboarding has been talked about for some time now, but Moneyou is one of the first to actually put it into practice,” says James DeBello, Chairman and CEO, Mitek. “MoneYou’s mobile onboarding is the living proof that security and convenience can successfully converge in the digital channel.”

MoneYou’s mobile app integrates Mitek’s ID document verification software, which lets users leverage the camera on their smartphone to capture an image of their ID document. Mitek’s advanced algorithms extract the required information from the ID presented to verify the identity and automatically and accurately populate the application form. Background checks and the fully digital onboarding process take one minute, meaning that customers can access their new accounts in a matter of hours.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now