fbpx
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
No Result
View All Result

Instnt Partners With Prove To Enhance Its First Of A Kind Fully Managed Digital Customer Onboarding Platform As A Service

PaymentsJournal by PaymentsJournal
October 15, 2020
in Authentication, Partnerships, Press Releases, Recent News, Security
0
CREtelligent™ Nationwide CRE Due Diligence Platform Acquires Applied Engineering, Inc. as Part of Growth Strategy

CREtelligent™ Nationwide CRE Due Diligence Platform Acquires Applied Engineering, Inc. as Part of Growth Strategy

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The integration of Prove’s modern identity authentication solution to Instnt’s digital customer onboarding platform further improves its fully automated verification capabilities, enabling businesses to verify and onboard new customers without fraud liability exposure and friction.

NEW YORK, October 6, 2020 – Instnt, the first fully managed customer onboarding platform that warranties its services against fraud losses, today announced its partnership with Prove. Through this partnership, Instnt aims to improve its codeless managed customer onboarding service offerings with Prove’s modern identity verification platform which is used by over 1,000 enterprises and 500 bank customers to modernize their business operations by removing friction with passive, strong authentication.

Instnt selected Prove as its identity authentication partner based on its modern phone intelligence-based platform, which enables companies to greenlight >90% of customers without subjecting them to cumbersome step-up authentication processes such as knowledge-based authentication. With more online activity than ever before, the mobile phone is one of the most valuable and reliable sources of identification for new and existing customers. Prove will enable Instnt clients to securely and privately authenticate the information entered by their users, preventing fraudulent account openings.

“We are thrilled to work with Instnt, who will be leveraging Prove’s phone intelligence technology to drive more revenue for their clients. Together, Instnt and Prove are mitigating account opening fraud and reducing friction to reinvent the onboarding experience around the phone number,” said Rodger Desai, CEO and Founder at Prove.”

The Instnt platform enables businesses to provide their new customers frictionless sign-up and onboarding experiences, with codeless plug-and-play integration and a set-and-forget operation. “As mobile devices have become the de-facto second-factor authentication tool, Prove’s robust phone intelligence technology becomes a crucial component to enable frictionless digital acceptance and authentication of consumers on Instnt’s digital customer onboarding managed service. Through this partnership, Instnt aims to bring digital inclusion and one-click federated sign-up to consumers across mobile apps and websites on the internet,” said Sunil Madhu, CEO and Founder of Instnt.

Tags: Authenticationdigital onboardingInstntPartnershipsPress ReleaseProve
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Payments in 2021 and Beyond: Innovating in the New Normal and Why You Should Care about Security

    Payments in 2021 and Beyond: Innovating in the New Normal and Why You Should Care about Security

    February 25, 2021
    Why Pix is the revolution of consumer experience in Brazil

    Why Pix is the Revolution of Consumer Experience in Brazil

    February 24, 2021
    Why Are We Seeing a Fintech App Every Day?

    Why Are We Seeing a Fintech App Every Day?

    February 23, 2021
    Think Big: Understanding How Digital Payments Can Transform Claim Experiences

    Think Big: Understanding How Digital Payments Can Transform Claim Experiences

    February 22, 2021
    Fintech Automation Will Only Increase in 2021

    Fintech Automation Will Only Increase in 2021

    February 19, 2021
    Cryptocurrency Exchange Compliances Pose Challenges for Decision Makers

    Cryptocurrency Exchange Regulations Pose Challenges for Decision Makers

    February 18, 2021
    Record ACH Payment Growth in 2020 to 26.8 Billion Payments

    Record ACH Payment Growth in 2020 to 26.8 Billion Payments

    February 17, 2021
    PSCU Reports Weekly Credit vs Debit Payment Trends Throughout the Pandemic

    PSCU Reports Weekly Credit vs Debit Payment Trends Throughout the Pandemic

    February 16, 2021

    Connect With Us

    • Advertise With Us
    • About Us
    • Terms of Use
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Events

    © 2021 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result