back Back

FinTech ZORRZ selects IDnow to streamline customer onboarding

By Gloria Methri

January 22, 2024

  • AML/KYC
  • BlueAccess Card
  • BNPL
Share

IDnow, KYC, AML, ZORRZ, BlueAccess Card, FinTech, BNPL, AI, UK, GermanyLondon-based FinTech ZORRZ has partnered with IDnow, to revolutionize customer onboarding for its innovative credit solution, the BlueAccess Card.

Aiming to democratize access to credit, ZORRZ is set to launch the BlueAccess Card, a hybrid credit card specifically designed for immigrants, individuals with past credit challenges, students, those with learning or physical disabilities, and other groups currently excluded from mainstream credit.

The card features integrated Buy Now, Pay Later (BNPL) functionality, providing consumers greater financial flexibility to split payments for purchases. ZORRZ also offers an AI-powered Application Programming Interface (API) generating a comprehensive Financial Health Score, an alternative to conventional credit scores.

“The mission of ZORRZ is to provide responsible and seamless access to credit, fostering financial inclusivity through secure and innovative solutions,” said Priyesh V. Mistry, Managing Director at ZORRZ. “Our collaboration with IDnow signifies our commitment to combating fraud while ensuring a frictionless experience for our customers. IDnow’s cutting-edge AI-driven identity verification aligns perfectly with our ethos of delivering both security and a smooth onboarding journey.”

By harnessing IDnow’s advanced AI-based KYC (Know Your Customer) solution, ZORRZ aims to comply with FCA regulations, ensuring real-time responses, robust fraud protection, and seamless customer verification. IDnow’s automated document verification, including a face biometric comparison with liveness detection, will empower ZORRZ to streamline customer onboarding securely and efficiently.

Doug Pollock, Vice President Customer Success at IDnow, said, “We are thrilled to collaborate with ZORRZ in redefining customer onboarding experiences in the UK. Our AI-powered, automated identity verification solutions are designed to make KYC and anti-money laundering processes an enabler rather than a barrier for innovative ventures like ZORRZ. This partnership is an excellent foundation for future expansions, leveraging our expertise in multi-jurisdiction compliance and our extensive European presence.”

The partnership between signifies a leap forward in revolutionizing credit accessibility, combining ZORRZ’s commitment to inclusive financial products with IDnow’s expertise in secure and seamless identity verification.

Previous Article

January 22, 2024

Pinwheel partners with Jack Henry to expand direct deposit solution

Read More
Next Article

January 22, 2024

Fingerprints launches Smart´Nroll for biometric payment cards

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Visa and MISA partner to drive digital payments in Vietnamese businesses

Read More

Today

ABK-Egypt and Visa partner to drive digital payments in Egypt

Read More

Today

From BNPL to Biometrics: How Gen Z pays for travel in 2025

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More