Bayanat has forged a strategic partnership with IDWise, a prominent international provider of Identity Verification and Digital Onboarding solutions. This collaboration aligns with Bayanat's vision of delivering comprehensive Digital Transformation solutions to the banking sector and expanding its reach within the region.

IDWise is an advanced Identity Verification Suite designed for digital disruptors requiring a reliable, user-friendly, and efficient solution for customer onboarding. The platform supports more than 13,000 government-issued ID documents across 200 countries and territories, with a particular focus on emerging markets and non-Latin languages. IDWise leverages cutting-edge AI and Machine Learning technologies to foster trust in the digital economy, prevent fraud, and ensure compliance with local and global regulations. This enhances banks' remote digital customer onboarding processes through dependable document verification, facial recognition, and compliant AML and e-KYC functionalities.

Mohammad Tahboub, CEO and President of Bayanat, said, "IDWise brings a fully automated, AI-driven, highly accurate Digital Onboarding technology that can significantly accelerate customer conversion and reduce abandonment rates for banks." Together, Bayanat and IDWise will offer customers a secure, scalable platform that delivers consistent, accurate, and reliable results, enabling them to stay ahead of fraudsters with improved compliance and agility.

IDWise, a UK-based enterprise with global coverage, has more than 45 years of combined experience in developing identity verification and enterprise-grade fraud prevention systems worldwide.

Bayanat is a key player and major enabler of the Financial Sector Digital Transformation plan in the MENA region. Their rich portfolio of FinTech technologies and consulting services positions them as a preferred technology partner and business enabler for numerous banks in the region.