Our New eBook: The Rise of Onboarding Abandonment Rates

Dec 6, 2018 / by Raiha Buchanan

In 2018, a concerning 60% of consumers in Sweden abandoned their financial applications. What is even more worrying is that this number has been increasing globally over the past few years. For example in the UK, the number of applicants who abandoned applications leapt from 40% in 2016 to 56% in 2018. 

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Topics: On-boarding, KYC, Digitalisation, Banking

Finding the Right Digitalisation Partner for Your Business

Nov 29, 2018 / by Raiha Buchanan

Brand loyalty is decreasing as consumers show a willingness to jump ship in search of the easiest application process. Established financial service institutions can no longer rely solely on consumer trust in an industry that seems to be disrupted daily by the latest tech solutions from challengers and start-ups.

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Topics: On-boarding, KYC, Digitalisation, onboarding, product

The big Challenges Faced in KYC Implementation Today

Oct 25, 2018 / by Helene Stafferöd Westerlund

Recent developments, such as the European Union’s 4th AML Directive, highlight the challenges faced by financial institutions in ensuring KYC compliance in a continuously evolving regulatory landscape. It is now required that European companies disclose information regarding the beneficial owners. However, it’s extremely difficult to create best practices that multinational financial institutions can follow.

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Topics: KYC, Digitalisation, Digital Identity, Security, Lending, PSD2

The Secret of Speeding up Commercial Risk Management

Oct 12, 2018 / by Helene Stafferöd Westerlund

The recent announcement by Santander to partner with nCino to support its business banking activities comes as no great surprise. Although nCino claims its platform offers benefits across the entire commercial banking model, it is the improvements in loan origination — a reduction of 40% in the time taken for loan decisions — that’s driving Santander’s initial implementation activities. 

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Topics: Digitalisation, Security, FinTech, KYC, Data, onboarding

KYC: What's the big Deal?

Oct 9, 2018 / by Dario Boroš

When you are figuring out what the future of KYC looks like, you first have to understand its current scope and what it looks like today. 

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Topics: FinTech, Digital Identity, Banking, Security, KYC