Mastercard partners with Signzy for global rollout of video KYC


Mastercard today announced a partnership with Signzy, a leading RegTech startup based in India, to enable Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.

With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users.

Deployment of Video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99% faster than the traditional paper-based KYC process. Backed by artificial intelligence (AI) and machine learning (ML) technologies, Signzy’s Video KYC solution features security protocols to prevent unauthorized system intrusion or attempted fraud. Further, the solution offers industry-leading scalability to deal with high volumes of video KYC transactions.

In India, this launch will further Mastercard’s goal to drive inclusive growth via financial inclusion by enabling individuals and small businesses to go online. Earlier this year, the payments technology

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Mastercard partners Indian start-up Signzy for global rollout of Video KYC

Mastercard, a global technology company in the payments industry, has partnered with Signzy, a RegTech startup based in India, for global rollout of Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.

With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users. It maybe recalled that Reserve Bank of India (RBI) had in January this year amended its KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers.

Signzy’s Video KYC solution will enable end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99 per cent faster than the traditional paper-based KYC process. Signzy is an Artificial Intelligence-powered Robotic Process Automation platform for financial services.

Financial inclusion

In India, this launch will further

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Starling’s online banking rollout increases growth potential

  • Starling launched an online portal for personal and joint account holders, joining the small rank of its peers offering online banking.
  • And online banking could extend customer lifetime value for Starling, by enabling functionality that mobile is poorly equipped to handle.
  • Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.

The UK-based neobank launched online banking for personal and joint account holders, its first foray into a non-mobile channel for personal account holders, per AltFi.

reasons UK digital bank users feel negative about their banks

Starling Bank launched an online portal for personal and joint account holders.

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The launch follows the release of Starling’s online banking portal for SMB customers last fall. The pitch at the time was that online access would help businesses manage more complex finances, like setting up recurring payments and exporting statements. It was also a requirement

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