KYC checks in operation throughout the SJP partner network had always been thorough, but processes were manual and time-consuming. Regulatory compliance was met but there was a clear opportunity to improve efficiency.
Currencies Direct was looking to optimise customer identity verification at onboarding and improve the experience for customers accessing their international money transfer services via their mobile app and website.
For eligible customers in Great Britain who passed their KYC, Revolut has been able to reduce the time it takes to pass from sign-up from approximately 70 minutes1 down to a little over 2 minutes2, using GBG’s eIDV solution combined with Revolut’s internal models. This is a 97% reduction in a customer’s time to pass KYC.
Since 2009, QNB Finansbank has trusted GBG Instinct for leading-edge application fraud prevention and risk management.
Racing Stars partnered with us to build a state-of-the-art onboarding process for sociable and affordable online gaming.
Review how fast, data driven decisions for new applicants supported a 67% reduction in fraudulent applications and 33% increase in staff productivity.
Learn how GBG helped Fibabanka detect over US $450,000 of fraud in a single year with cutting-edge, real-time behavioural analytics of each transaction.