Sales League Table 2020 | Banking Technology Winners

Results Announced!

Stay up-to-date with the latest industry news and analysis.

Subscribe to BankTech Daily News today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

Core Banking Market Dynamics Report 2020

Global analysis of core banking system sales. Subscribe now

Fairstone selects’s KYC solutions to automate customer verification

François Côté, Chief Digital and Technology Officer for Fairstone co

Canada based non-bank provider of consumer lending solutions, Fairstone has partnered with Holt Accelerator, a Montreal-based program supporting entrepreneurship in the fintech industry.

The Canadian bank has acted as an advisor company to fintech participants in the Holt accelerator program since 2018 and recently signed an agreement with, a Holt Accelerator portfolio company acting as a data aggregator/analyzing company. Fairstone will be using Owl’s “Know Your Customer” solution which will automate the customer verification and authentication process in the Company’s digital loan closing operations, as well as in its high-volume branch locations across Canada.

François Côté, Chief Digital and Technology Officer for Fairstone commented “With stable growth in our lending operations, Owl’s identification verification solutions allow us to solve an area of friction for customers by streamlining and automating the identification verification process in a highly secure and efficient manner. We believe this will achieve gains in operational efficiency as well as further complement our existing fraud prevention measures.”

Owl will be working closely with the digital and technology teams housed in Fairstone’s recently launched FairstoneLab, an internal space designed to foster innovation and collaboration. offers automated solutions for financial institutions to better know their customers by aggregating data and delivering customer insights in real-time. offers three solutions: automated customer onboarding, instant KYC & AML, and fraud detection tool. This is done on a proprietary end-to-end encrypted, zero-knowledge platform that passes all the regulation checkmarks.’s platform is server-independent and fully white-labelled.

Related IBS Intelligence Research

Related Posts

BNY Mellon to boost real estate fund administration services for Deka Immobilien

BNY Mellon announced today that Deka Immobilien has selected the former’s services for the provision of global fund administration coordination and oversight for its Special Purpose Vehicles (SPVs). BNY Mellon is expected to coordinate accounting data from the SPVs around the world in which Deka funds invest, review the data, translate it into the required […]

This post is only available to members.

Read More »

PPRO study shows younger generations leading the UK alternative payment method adoption

A new study by PPRO has revealed that younger generations are spearheading the adoption of alternative payment methods (APMs), including bank transfers and e-wallets. The study showed that 42% of the Millennials and 35% of the Generation Z respondents have either used the above-mentioned methods of payments before or are confident using them. UK consumers […]

This post is only available to members.

Read More »