Tomer Guriel, CEO, ezbob

UK-based digital lending software provider, ezbob, has introduced its smart onboarding module in a bid to allow banks to efficiently manage time as well as enhance their customer experience.

Tomer Guriel, CEO, ezbob said, “With ezbob’s solution, once the customer clicks submit, that’s where our system instantly starts making API calls to databases, such as LexisNexis, in order to verify the customer. By cross-checking multiple data sources through our own KYC risk engine, we’re able to deliver a true ‘Pass/Fail’ along with whatever additional information may be required.”

According to the supplier, ezbob offers API connections to multiple third-party data sources and allows banks to benefit from the multiple data sources without having to undergo the procedure of integrating with the individual data providers. The solution is expected to enhance the customer experience and mitigate fraud through its customer authentication process.

Some of the fintech’s clients including RBS, CYBG, and American Express have implemented its KYC, AML and Sanction screening.

Recently, ezbob collaborated with business funding referral platform, Funding Xchange to provide SMEs with access to suitable funding options through an integrated marketplace solution.

by Megha Bhattacharya
Market Analyst at IBS Intelligence