MoneYou Integrates Mitek’s Identity Solutions
July 2017 by Emmanuelle Lamandé
Mitek announced that MoneYou, the fully-digital consumer banking subsidiary of ABN AMRO, is using its Mobile Verify® and Mobile Fill® solutions to securely onboard customers while meeting stringent Know Your Customer (KYC) regulations.
Founded in 2001 as a fully digital bank, MoneYou needed a seamless and compliant way for customers applying for a new product to verify their identity from anywhere and at any time.
"I am pleased that we have found a partner such as Mitek that enables us to achieve our customer experience ambitions for onboarding and, simultaneously, meet the ever-growing requirements for ‘reliable’ identification,” says Theo van Bon, Chief Operations Officer at MoneYou.
MoneYou’s mobile app integrates Mitek’s ID document verification software, which lets users leverage the camera on their smartphone to capture an image of their ID document. Mitek’s advanced algorithms extract the required information from the ID presented to verify the identity and automatically and accurately populate the application form. Background checks and the fully digital onboarding process take one minute, meaning that customers can access their new accounts in a matter of hours.