back Back

Prominent Financial Institution expands partnership with Intellicheck

By Edlyn Cardoza

January 09, 2023

  • AML
  • Financial Institution
  • Financial Services

Intellicheck, Financial Institution, Fraud Management, Identity Validation Solutions, AML, KYC, Financial Services, FinTech, USAA prominent domestic and international financial institution has renewed and expanded its partnership agreement with Intellicheck, Inc. The multimillion-dollar contract renewal includes a price increase and a commitment to a minimum 20% increase in transaction volume. In addition to expanding physical use cases, they intend to introduce digital use cases in 2023.

Intellicheck’s CEO Bryan Lewis said the Company’s cutting-edge technology solutions give financial institutions a distinct competitive advantage. “Our fully automated identity validation tools help our financial partners expand their business by making it easier to onboard new clients while stopping more than 99% of fraud with near 100% conversion rates. Our client’s expansion of the partnership underscores the recognized value Intellicheck’s proven solutions deliver.”

Intellicheck’s identity validation solutions provide results in under a second for the bank’s retail clients in-store at the point of sale, online, and at bank teller workstations. The globally renowned bank’s retail customers, including the largest North American electronics retailer, utilise Intellicheck’s technology solutions to speed up credit applications while stopping fraudulent account openings and account takeovers. Tellers at its bank branches utilise Intellicheck to prevent account takeovers and meet AML and KYC requirements.

The top five bank is an American multinational investment bank and financial services corporation with $1.7 trillion in assets and is one of the top three credit card issuers in the U.S. The worldwide financial enterprise serves over 200 million customer accounts and operates in more than 160 countries and jurisdictions.

Intellicheck provides digital and physical identity verification solutions for FinTechs and financial services companies, including many of the top 12 banks and credit card issuers using Intellicheck’s flexible technology solutions at brick-and-mortar locations as well as online through a browser or mobile device. The Company’s frictionless solutions are also used at BNPL providers, more than 30,000 retail locations, and multiple law enforcement and state agencies.

Previous Article

January 09, 2023

Alipay+ promotes QR code connectivity in Chinese mainland

Read More
Next Article

January 09, 2023

FLEETCOR completes acquisition of Global Reach Group

Read More

IBSi Daily News Analysis

May 28, 2024


Latin America becomes a hotbed for FinTech unicorns and tech innovation

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

May 29, 2024

5 Major FinTech Acquisitions announced in Europe in May 2024

Read More

May 23, 2024

Data Zoo bags $22.7m in Series A from Ellerston JAADE to fuel global expansion

Read More

May 22, 2024

CashFlo acquires Logitax to expand its Finance Automation & Compliance Suite

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023