New Banking is a user identity platform that helps businesses to verify the identify of their end-users in a secured manner. Additionally, the platform also solves the regulatory challenges that are faced by the the financial institutions like 4th European Anti-Money Laundering (AML) directive and the General Data Protection Regulation (GDPR).
PRODUCTS & SERVICES:
New Banking provides an identity platform that is KYC/AML/GDPR-compliant on a European level. It enables businesses to securely share consumers’ private information with their consent. Once the information is validated, it creates a risk profile for each end-user. The platform utilizes an automated system for requesting, collecting, and verifying personal data documents, instead of manual processes. It further enables users to re-use their identity verification on an industrial level, thereby reducing the duration of the entire process.