Resources

Downloadable identity verification whitepapers, case studies and more.

Downfalls in Fintech Onboarding: How Good Data Leads to Better Onboarding and Fewer Compliance Risks

Every fintech knows how much it costs to onboard a new client—and how much they’ll lose by relying on bad data to do so.

Bad data leads to a poor onboarding experience, and users will take their business elsewhere before they submit further proof of their identities. Even worse, fintechs relying on this shoddy data are failing to comply with Anti-Money Laundering Laws and risk incurring hefty fines.

Electronic Identity Verification (eIDV) eliminates these problems. By relying on high-quality data, eIDV keeps companies in compliance with AML laws and streamlines the onboarding process for users by verifying their identities within a matter of seconds.

As a result, fintechs earn $412 for every one dollar invested in onboarding new clients.

Resources

Downloadable identity verification whitepapers, case studies and more.

Unlock Missed CLTV and Users Using Global Data Consortium’s eIDV Solution

Adding onboarding time to meet compliance requirements can skyrocket user drop-off rates by up to 200%. However, cutting back on compliance steps could risk AML/KYC non-compliance. Finding a happy medium between optimized user completion rates and compliance means finding the right verification method.  

GDC’s Electronic identity verification (eIDV) solution harnesses the power of in-country data providers with expertise in local data privacy regulations for top-tier compliance allowing you to reduce the friction in your onboarding funnel and increase users.

Want to see the impact GDC can have on your business? Add your own conversion rates and lifetime revenue to our CLTV CALCULATOR and see how many customers we can help you onboard.

Click here to try the CLTV Calculator for yourself.

Download Now

Resources

Downloadable identity verification whitepapers, case studies and more.

Winning the Financial Services Onboarding Battle by Repositioning eIDV ROI

Currently, financial services are caught amidst a perfect, digital storm. While account opening has traditionally been the final hoop that individuals had to jump through in order to become a customer, the onboarding process has transformed into the last mile of a customer acquisition funnel and financial institutions can no longer assume that individuals will see it through. 

Investing in technologies such as electronic identity verification (eIDV) can eliminate unnecessary friction and help financial institutions land the customer. In fact, a dollar spent on onboarding with eIDV is worth $412 in Customer Lifetime Value

This report, created alongside Liminal (formerly OWI), will show you how to make sure you are getting the most out of your onboarding funnel eIDV process.

The Report Includes:

  • Insight into digitization as the future for financial services
  • The increase in the importance of Bank from Anywhere (BFA) and why that matters
  • Consumers’ digital demands
  • Neobanking explained
  • Common Know Your Business (KYB) onboarding pain points
  • Repositioning identity verification as a customer acquisition cost
  • How to get the most ROI in your digital onboarding process

 

Read the Report Now

Resources

Downloadable identity verification whitepapers, case studies and more.

GDC + Remitly

When Remitly decided to ramp up their growth, they needed a solution that wouldn’t slow their maturing markets as they entered emerging markets. That’s where GDC stepped in. 

Resources

Downloadable identity verification whitepapers, case studies and more.

GDC + FOREX

To facilitate the flow of currency around the world electronically, the forex market is undergoing a major change. Powered by GDC, forex companies are able to use identity checks to ensure customers are properly vetted. 

Resources

Downloadable identity verification whitepapers, case studies and more.

Planning Your Identity Verification Strategy in Global Markets

In this eBook, we will discuss the common misconceptions and challenges surrounding eIDV in markets outside of the U.S. and how you can adjust your verification strategy to achieve the best match rates globally.

Resources

Downloadable identity verification whitepapers, case studies and more.

Online Gambling: How to crack an unmatched
growth case with eIDV

Gambling Moves Online

Despite an enduring popularity among most of the general population, gambling has historically been painted as a somewhat shameful vice. In the modern era, these ancient moral standards have led many jurisdictions to enact incredibly strict laws and regulations limiting legal gambling, in some cases even attempting to end the practice altogether.

This has not stopped gambling from becoming a worldwide phenomenon. While there has always been widespread public interest in gambling in one form or another, the digital revolution brought new ways for consumers to play and made it easier and more comfortable than ever before. This attracted new types of players and helped normalize gambling as a respectable pastime.

Resources

Downloadable identity verification whitepapers, case studies and more.

eIDV for Payments Providers: It Pays Off

Customer onboarding funnels are a critical step to growing a payments provider’s business. But when KYC requirements create friction in the customer’s verification experience, attrition rates skyrocket. This top five payments provider chose GDC for its real-time verification capabilities and saw a 15% boost in match rates and gained over 115 million EUR in customer lifetime revenues.

Resources

Downloadable identity verification whitepapers, case studies and more.

A UNION OUT OF SYNC: Regulatory Approaches for Online Gaming in Europe

In most industries, being compliant in one jurisdiction typically means that you can succeed another because of international trade laws and agreements. For online gaming, however, this could not be further from the truth. To date, and despite the ever increasing cross-national collaboration and globalisation, there is no international legislation for gaming. Instead, gaming operators need to look at each country individually.

This whitepaper explains how varying levels of stringency contribute to the regulatory landscape of online gaming as a whole. 

Resources

Downloadable identity verification whitepapers, case studies and more.

Lost in Translation: The Complexities of Name Matching in Identity Verification

Today’s digital world demands electronic identity verification. Industries are laser-focused on building best-in-class, online access user experiences into operational workflows. At the same time, regulations are getting more complex. Companies must now abide by expanded Anti-Money Laundering Laws and Directives (AML), as well as Know Your Customer (KYC) and Know Your Business (KYB) requirements during identity checks. This means the effectiveness of a company’s AML program is hugely dependent on the efficacy of their identity matching strategies.

In this eBook, we’ll discuss what name matching is, the challenges related to electronic identity verification and how the landscape is evolving to meet them.