Latest news with #digitalonboarding
Finextra
a day ago
- Business
- Finextra
Scotiabank integrates with Nova Credit
Scotiabank is making it easier for newcomers to Canada to access credit with the launch of digital onboarding experiences that now include seamless integration with Nova Credit into its credit card onboarding journey. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Nova Credit, a leading credit infrastructure and analytics company, offers Credit Passport® which allows newcomers – including permanent residents and foreign workers who have been in Canada less than 5 years – to use their international credit history from select countries to receive higher credit limits on Canadian credit cards. Scotiabank was the first Canadian bank to partner with Nova Credit in 2023 and is now the first to embed this capability directly into its digital credit card application process. "Scotiabank is proud to be the first bank in Canada to fully integrate Nova Credit into a digital onboarding experience," said Kingsley Chak, Senior Vice President, Retail Client Value, Deposits and Investments at Scotiabank. "This advancement reflects our commitment to removing barriers and helping newcomers qualify for higher credit limits with greater ease and confidence." As part of this enhanced experience, newcomers can open chequing, savings and credit card accounts online after they arrive, reducing the need for in-branch visits, making it faster and more convenient to access essential financial services from the comfort of home. Newcomers are also able to access Scotiabank's StartRight™ Program, a comprehensive suite of banking products and benefits tailored to their unique needs, through the new digital onboarding flows. With benefits like no monthly account fees on a chequing account for the first year2 and no-fee international money transfers3, the program aims to help newcomers build a strong financial foundation from day one. "We understand that building a new life in a new country comes with challenges," says Chak. "With the added enhancements of the Nova Credit integration and a new digital onboarding experience, Scotiabank is helping remove some of those hurdles, empowering newcomers to begin their financial journey in Canada with confidence." "We're seeing tremendous momentum helping newcomers arrive and thrive in Canada," said Collin Galster, Chief Operating Officer at Nova Credit. "Our collaboration with Scotiabank shows that newcomers can be served at scale by integrating Credit Passport seamlessly into digital banking experiences. This removes a major barrier that has historically forced millions of newcomers to start over upon arrival, despite having established credit history in their home country."
Wamda
7 days ago
- Business
- Wamda
Digified secures FRA approval for AI-powered digital onboarding services in Egypt
Press release: Digified is proud to announce that it has secured regulatory approval from the Financial Regulatory Authority (FRA) for its AI-powered digital onboarding, eKYC, and e-contracting services tailored for non-banking financial institutions (NBFIs) in Egypt. With this regulatory milestone, lending, investment, and insurance companies regulated by the FRA can now fully create digital IDs, verify their e-kyc, and sign legally binding contracts — all without paperwork, wet signatures, or physical presence. These digital contracts carry full legal weight in Egyptian courts, enabling fintech apps to function as official digital branches. This achievement would not have been possible without the trust and support of our partners. Special thanks to Plug and Play, Creativa Innovation Hub, and ITIDA, whose investment and belief in our vision have been instrumental in reaching this milestone. 'Thanks to our pioneering team, this licence is a major milestone for Digified and highlights how AI creates value in advancing financial and digital inclusion in Egypt. We also extend our gratitude to Dr Mohamed Farid, FRA Chairman, and the FRA leadership team for their vision and support. This achievement furthers our mission to deliver a secure, compliant, fully digital ID suite for Egypt and the MEA region,' said Ibrahim Hassan, CEO of Digified. This licence positions Digified to maintain its market leadership in one of the fastest growing digital identity markets in the region—with over 25 million verification transactions annually across Egypt's lending, investment, and insurance sectors. The FRA-compliant suite supports: Digital ID Creation – Biometric and non-biometric eKYC for secure onboarding. Government Data Authentication – Validating client information via national ID and mobile registry databases. E-Contracts & Registry – Legally binding dynamic and smart contracts with digital signatures and government official contract registration. Digified powers the future of digital identity in emerging markets. Digified provides AI-driven verification services that support secure, compliant digital onboarding across the MEA region. Our platform enables real-time identity validation and fraud prevention for the digital economy and FinTech. Backed by local and international partners, Digified is committed to building trusted digital identity infrastructures that empower growth and digital inclusion.
Zawya
06-08-2025
- Business
- Zawya
Qatar's QNB introduces 'end-to-end' online account opening for SMEs
Qatar - This upgrade allows new entrepreneurs or established businesses to open their accounts fully digitally, securely, and within minutes, eliminating the need for branch visits QNB has enhanced its SME Digital Onboarding Platform, now enabling end-to-end online account opening for small and medium enterprises (SMEs). This upgrade allows new entrepreneurs or established businesses to open their accounts fully digitally, securely, and within minutes, eliminating the need for branch visits. SME clients can now access QNB's banking services anytime, anywhere, without physical paperwork or branch appointments to receive their IBAN and account details straight away upon successful application. The revamped platform includes optical character recognition, facial identification and digital signature verification, to streamline the onboarding process, while ensuring compliance and security. Commenting on this enhancement, Khalid Ahmed al-Sada, Senior Executive Vice-President, QNB Group Corporate and Institutional Banking, said: 'Our strong commitment to enabling SME growth is a vital pillar for our national economic development. By embedding solutions directly into the digital onboarding process, QNB not only simplifies access to essential financial tools but also reinforces its leadership in banking innovation across the region." From loans to customised financing packages and solutions, QNB said it is committed to supporting businesses at every stage of their growth journey. © Gulf Times Newspaper 2025 Provided by SyndiGate Media Inc. (
Yahoo
31-07-2025
- Business
- Yahoo
TmaxSoft Empowers OK Bank Indonesia's Digital Onboarding with AnyLink: An Integrated Interface for Internal-External Connectivity
GYEONGGI-DO, South Korea, August 1, 2025 /PRNewswire/ -- TmaxSoft announced on July 31st that it will provide its integrated interface solution, AnyLink, to OK Bank Indonesia, the Indonesian subsidiary of OK Financial Group. Expanding globally, focusing on Southeast Asia and Japan, TmaxSoft won the project by thoroughly analyzing customer needs, considering the state of the Indonesian market and digital strategies, and conducting sales activities optimized for the local market. OK Bank Indonesia is a commercial bank with its business network all across Indonesia, growing based on a portfolio centered on ICT-enabled financial services, global retail, and financial products for small and medium-sized enterprises. It has been expanding its business scope to digital payment services and is on its way to advancing mobile banking by integrating various digital capabilities. Over the next seven months, TmaxSoft will carry out the project and work on integrating with major external systems and establishing internal business channels to enhance mobile banking. This effort is part of TmaxSoft's support for creating a seamless digital onboarding environment at OK Bank Indonesia. AnyLink, the solution adopted for this project, ensures efficient and stable integration across enterprise data, applications, and internal and external channels. It offers end-to-end strengths by providing comprehensive interfaces such as FEP, EAI, and MCI, plus cloud auto scaling, user-friendly development tools, and prompt maintenance and failure response support. Backed by a strong track record across leading financial institutions, public sectors, and enterprises, AnyLink continues to prove its reliability and performance. In 2023, AnyLink created a new success story through Shinhan Bank's next-generation project 'The NEXT' to develop a new external system, demonstrating its capabilities in critical and sensitive financial systems. In addition, it achieved successful business outcomes by optimizing Shinhan Bank Japan, SBJ DNX's banking system for digital infrastructure. Upon completing this project, TmaxSoft will initiate a follow-up effort to expand interface and channel capabilities for OK Bank Indonesia, while exploring new opportunities to strengthen OK Financial Group's digital finance competitiveness. Additionally, TmaxSoft aims to accelerate its digital transformation (DX) business across Southeast Asia, North America, and Japan, with the strategic ambition of becoming a top 10 global software leader. TmaxSoft is actively pursuing strategic partnerships in sales, technology, and infrastructure, leveraging its comprehensive portfolio of middleware, mainframe modernization, interface, and framework solutions. "Organizations seeking to improve their competitiveness through advanced systems and services prefer solutions with robust customer references, reliable technologies, and guaranteed services and functionalities," said Hyongyong Lee, CEO of TmaxSoft. "We will strengthen the core elements of this project, integrated solutions and comprehensive services, by addressing customer pain points and will accelerate growth into a global software company." About TmaxSoftTmaxSoft is a global software company offering enterprise solutions in middleware, interface, and legacy modernization. Focused on high performance and secure architecture, TmaxSoft empowers organizations to accelerate digital transformation. Visit for more information. Contact: pr@ (TmaxSoft PR Team) Photo - View original content: SOURCE TmaxSoft Sign in to access your portfolio
Finextra
10-07-2025
- Business
- Finextra
Mantl becomes first fintech to offer Plaid Layer onboarding tech
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that it is the first fintech to resell and offer Plaid Layer, Plaid's instant onboarding technology used by the most innovative neobanks. 0 Through this first-of-its-kind integration, MANTL empowers regional and community financial institutions to deliver the same seamless digital onboarding experiences as tech-first neobanks while unlocking faster growth and stronger conversion. MANTL already delivers a best-in-class account opening experience, with average account opening times of under five minutes for consumers and under ten minutes for businesses. Now, with Plaid Layer natively integrated into its platform, MANTL can provide a one-minute account opening time. Plaid Layer enables financial institutions to collect identity information and link external accounts in seconds using only a phone number, eliminating friction while maintaining the highest standards of trust and security. By embedding this technology directly into its deposit and loan workflows, MANTL streamlines the entire onboarding process, accelerating time to open and enabling more users to successfully reach and complete applications—all within a secure, optimized experience. 'At Quontic, we are committed to delivering fast, intuitive, and seamless digital banking experiences that meet the evolving needs of our customers. The Plaid Layer integration, through our partnership with MANTL, allows us to dramatically accelerate onboarding while maintaining the highest standards of security and trust,' said Grace Pace, senior vice president of digital banking at Quontic Bank. 'More than a technology provider, MANTL is a strategic partner to regional and community banks. By making cutting-edge innovations like Plaid Layer readily available, MANTL empowers institutions to drive sustained growth and compete more effectively in today's digital-first landscape.' Key benefits of the MANTL-Plaid Layer integration include: Increase in conversion: Plaid customers using Layer have seen up to a 25% increase in end-to-end conversion rates. Faster onboarding: Layer can onboard an account holder in one minute by unifying the collection of identity data for verification and account linking into one conversion-optimized flow, streamlining the signup process by as much as 87%. Secure, scalable growth: MANTL paired with Plaid Layer unlocks an even more seamless, secure, and scalable path to customer growth. 'MANTL is on a mission to empower regional and community banks and credit unions to compete with the likes of Chase and Chime,' said Benjamin Conant, co-founder and chief technology officer at MANTL. 'Until now, only the most tech-forward neobanks have had access to Plaid Layer—and the results speak for themselves. Giving the community banking space built-in access to this powerful technology is another way MANTL helps these institutions reclaim their competitive edge.' This integration reiterates MANTL's commitment to innovation and deepens its long-standing partnership with Plaid. Today, over 100 MANTL customers already use Plaid solutions to streamline onboarding, reporting 37% higher application booking rates. To date, more than 680,000 accounts have been opened on MANTL using Plaid. 'Our partnership with MANTL brings Plaid Layer's instant financial onboarding experience and real-time risk checks directly into the workflows of regional and community financial institutions,' said Adam Yoxtheimer, head of partnerships at Plaid. 'Now banks and credit unions can offer the digital-first experiences that consumers demand—accelerating new account growth, strengthening customer loyalty, and lowering operational costs—all while keeping security and compliance front and center.' Plaid Layer is available to eligible MANTL bank and credit union customers.
