Question: Is there a tool that can help digital banking services onboard customers more quickly and gain a better view of their financial situation?

For digital banking services trying to onboard customers faster and get a better understanding of their financial situation, Flinks provides a rich financial data foundation. It securely links customers' bank accounts, converts transaction data into useful information and offers a rich open banking foundation. Flinks' main products include Connect for accessing data, Enrich for converting data into insights, and Outbound for open banking. That can help with automated underwriting, faster onboarding and more useful data insights, and is particularly well suited for digital banking and lending.

Another alternative is MX, a platform that aggregates financial accounts, finds insights and builds personalized financial products. It securely aggregates and verifies financial data, enriches it with context and supports a variety of use cases including customer intelligence and digital banking. With more than 13,000 connections to financial institutions and fintechs, MX handles more than 170 billion transactions per day, and offers extensive documentation and APIs to make integration easy.

Onfido provides a digital identity solution that uses AI-powered verification to accelerate customer onboarding and ensure global KYC and AML compliance. Its features include Smart Capture SDK for user-friendly experiences, a Global Verification Suite for document and biometric verifications, and pre-built solutions for compliance. The solution is designed to reduce costs and minimize identity fraud risk, and is a good fit for digital banking and financial services.

For end-to-end user onboarding, HyperVerge offers an AI-powered identity verification platform. It includes step-wise analytics to track funnel drop-offs, over 100 onboarding APIs for easy integration, and a no-code workflow builder for custom onboarding journeys. HyperVerge's suite of security features ensures high pass rates, low fraud rates and compliance across various industries, making it a powerful solution for digital banking and financial services.