Through another year of economic uncertainty, we’ve seen BNPLs continue to provide financial flexibility to consumers. In 2020, BNPLs accounted for 2.1% – $97B – of all global e-commerce transactions.  

BNPLs are not only struggling with the always-present issue of fraud, but also to verify the identities of their most engaged user base, millennials. GDC’s eIDV solution can help increase the onboarding percentage of often thin-filed millennials and reduce fraud allowing for more trustworthy transactions.  

Download the report to learn how GDC can help you increase your BNPL onboarding rates and reduce fraud.   

Electronic Identity Verification (eIDV) is a proven approach for eliminating customer dropouts in the onboarding process—but how should companies choose which solution to use?

Companies need to consider multiple factors before adding a new layer to their onboarding process. What’s the total cost? Is the data used in compliance with Know-Your-Client (KYC) regulations? And then there’s the most important question: will it actually help the company keep new customers in the onboarding funnel?

In this article, we want to help fintechs understand how to choose an eIDV solution. We’ll explore why companies might find it hard to adopt a new solution, what they should know going into the process, and how they can measure the new onboarding process to ensure it lives up to its investment.

Download the report to learn what to consider before investing in eIDV.