Signzy provides an AI-driven digital onboarding solution that utilizes no-code online identity verification to streamline the customer activation process for banks and financial institutions. This technology reduces onboarding costs by 80% and turnaround times by 90%, while significantly decreasing customer drop-offs.
Funding
$38.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GCFounders
Product
Problem
Banks and financial institutions face challenges in efficiently onboarding new customers due to manual identity verification processes. These traditional methods often lead to high operational costs, slow turnaround times, and significant customer drop-off rates during the activation process.
Solution
Signzy offers an AI-powered, no-code platform designed to streamline digital onboarding and online identity verification for financial services. The platform automates backend operations and creates seamless user journeys from lead generation to account activation. By leveraging AI and machine learning, Signzy's solution reduces onboarding costs, accelerates turnaround times, and minimizes customer drop-offs. The platform integrates with various data sources and systems, providing a comprehensive approach to KYC/KYB compliance and fraud prevention.
Target Audience
Signzy primarily serves banks, financial institutions, and investment firms seeking to automate and optimize their customer onboarding processes while adhering to regulatory compliance requirements.
Features
- No-code application builder for creating custom onboarding workflows
- AI/ML-powered engine for automated identity verification and fraud detection
- KYC/KYB APIs for bank-grade compliance with government identity checks and AML/CFT screening
- Video KYC with liveness detection and facial recognition
- Digital e-signature and e-stamping capabilities
- Automated bank statement analysis for income verification and fraud prevention
- Integration with accounts aggregator networks for seamless data retrieval
- Multi-bureau credit checks for faster lending decisions