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Signzy Partners with Asapp Financial Technology to Revolutionize Digital Onboarding In Canada’s Banking Industry

Signzy Partners with Asapp Financial Technology to Revolutionize Digital Onboarding In Canada’s Banking Industry

Signzy, a market leader in digital banking compliance solutions, is thrilled to announce a strategic partnership with ASAPP Financial Technology, Canada’s most complete omnichannel experience platform.

ASAPP will incorporate Signzy’s One Touch KYC solution to elevate its digital onboarding services as part of the upcoming Version 20 release in December. This collaboration marks a significant step in digitizing the credit union and community bank industries across North America.

The One Touch KYC solution simplifies the KYC process by offering businesses easy customization and integration with minimal dependency on technology and development teams. Product managers can tailor the KYC flow to their requirements in all languages, using features like Optical Character Recognition (OCR) and liveness detection to prevent deep fake fraud. Also features like auto capture, switch to mobile, and real-time feedback, set a modern user experience for the members – making it a win-win scenario for both the financial institution and the consumer!

In a landscape crowded with other providers, Signzy differentiates itself by providing a platform offering biometrics-enabled KYC processing with data residency in Canada—a crucial compliance need. Additionally, the platform delivers unmatched speed, coverage, and cost-efficiency

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This partnership will initially focus on the Canadian market, with plans to expand across the US in 2025. By ensuring compliance with local regulations, Signzy enables financial institutions to securely store member data in Canada, a critical requirement for many Canadian Client-Partners.

A Partnership to Shape the Future of Digital Onboarding:

“The One Touch KYC solution brings robust compliance and advanced fraud prevention that will greatly benefit our banking and credit union Client-Partners. Together, we’re setting a new standard for secure and seamless digital onboarding experiences in Canada and beyond,” said Steve Sauve, Chief Product Officer, ASAPP Financial Technology.

Signzy and ASAPP share a vision to modernize and streamline digital origination and onboarding processes for credit unions and community banks across North America. Together, they are able to help financial institutions enhance their compliance measures, reduce fraud, and deliver superior user experiences in both Canada and the United States.

“We are excited to work with ASAPP to bring the benefits of One Touch KYC to the forefront of digital account and lending origination,” said Ankit Ratan, CEO, Signzy.

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[To share your insights with us, please write to psen@itechseries.com ]

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