Identity verification services enable financial institutions to add digital onboarding into Agora’s modular banking platform that builds on-demand new digital banks
Agora Services, the challenger bank technology platform for community banks and credit unions, has partnered and integrated with IDology and Middesk to bring the most advanced digital onboarding platform available to local financial institutions.
“Digital identity verification is a critical starting point preventing fraud and ensuring compliance for new account openings”
Through the integrated solution, financial institutions can now offer best-in-class onboarding experiences to new small business digital banking customers. Near-instant identity verification allows community banks and credit unions to open accounts in real time and issue virtual cards within minutes.
“Previously community banks and credit unions struggled to onboard retail as business customers in a timely manner,” said Arcady Lapiro, founder and CEO of Agora Services. “Agora’s recent partnership with IDology and Middesk, coupled with Agora’s real time middleware platform, has allowed that process to be streamlined to just a few minutes. This best in class offering allows business customers to start banking almost instantly with customized digital bank products.”
Agora’s challenger bank technology platform provides community banks and credit unions the ability to build new digital banking products using a modular banking architecture. Through this full suite of challenger bank technology, community banks and credit unions can offer competitive technology without having to overhaul their legacy core provider. Agora’s partnership with IDology and Middesk offers an innovative and secure approach to identity verification and fraud prevention to help increase customer acquisition and improve the customer experience.
“Businesses make up a bank’s most profitable and successful customers, and today’s small business owners demand the same digital banking capabilities available to retail customers,” said Kyle Mack, CEO at Middesk. “Our partnership with Agora Services provides fast and secure onboarding so that new business customers can begin banking as fast as possible.”
“Digital identity verification is a critical starting point preventing fraud and ensuring compliance for new account openings,” said Christina Luttrell, CEO at IDology. “By partnering with Agora, we are providing the intelligence financial institutions need to deter fraud while streamlining the experience for legitimate customers.”
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