Veriff and Monese to boost digital banking services across Europe

By Megha Bhattacharya

Veriff announced that it has teamed up with European mobile money app Monese to provide enhanced and secure digital banking services for consumers across Europe. Through this partnership, Veriff will seamlessly onboard and authenticate the identity of Monese users to help the company meet KYC requirements, increasing the speed and accuracy of user screening while also preventing identity fraud. With the integration of Veriff’s AI-powered, video-first IDV solution, Monese will be able to focus on their main business priorities knowing that user authentication and trust remains intact.

“This partnership with Monese strengthens our position in the UK’s highly competitive digital banking market,” says Janer Gorohhov, co-founder and chief product officer of Veriff. “We’re excited to aid Monese in its mission to provide access to fair, flexible financial services and support while minimizing friction as we simultaneously expand our organization’s footprint in the UK via our customer base and team.”

Recently, Monese announced that it will be implementing Thought Machine’s core banking platform Vault. Monese stated that it will be migrating its existing customer base onto the core banking provider’s platform in a bid to boost its core technology platform and banking infrastructure.

Atul Choudrie, Chief Commercial Officer at Monese, “At Monese, we help people build sustained financial resilience, by providing access to fair, flexible financial services and support. Working in partnership with Veriff, we are unlocking new possibilities in delivering a safe and efficient onboarding experience that will help us reach more customers.”