Bayanat and IDWise Join Forces for a Smarter, More Secure Digital Onboarding

Bayanat have entered a strategic partnership with IDWise, the leading international provider of Identity Verification and Digital Onboarding solutions. A partnership that comes in line with Bayanat vision for an inclusive offering of Digital Transformation solutions for the banking sector, and reaches out to higher targets in the Region.

 

IDWise Solution is based on cutting-edge AI and Machine Learning technologies that enable greater trust in the digital economy, prevent fraud and guarantee compliance with local and global regulations. It supercharges the Banks’ remote digital customer onboarding journey through reliable document verification, face recognition and compliant AML and e-KYC functionalities.

 

“IDWise bring to the table a fully automated, AI-driven, highly accurate Digital Onboarding technology that can dramatically accelerate customer conversion and bring down abandonment rates for Banks”, said Mohammad Tahboub, CEO and President of Bayanat.

 

Together, Bayanat and IDWise will provide their customers with a secure, scalable platform that delivers consistent, accurate and reliable results and enables them to stay one step ahead of fraudsters with higher compliance and agility.

 

IDWise, a UK-based operation and leader in the Digital Onboarding and Identity Verification World. An enterprise with global coverage that supports more than 6,000 government issued IDs across 200 countries and territories, with 45+ years of combined experience in developing identity verification and enterprise grade fraud prevention systems globally.

 

Bayanat, a key player and a major enabler of the Financial Sector Digital Transformation plan in MENA region. Bayanat rich portfolio of FinTech Technologies and Consulting Services puts them on the lead as a preferred technology partner and business enabler for many banks in the region.