As the KYC market gets more crowded, you need new ways to differentiate your services and offer value to your customers so you can secure future growth.
Integrate OneID® into your KYC suite today (it really is that easy)! Add digital identity verification to your KYC waterfall process - give customers a fast, compliant, document-free alternative to traditional ID checks.
The entry of more players into the KYC landscape has commoditised the KYC space, with many providers offering near-similar solutions. And when there’s very little to differentiate between products, price becomes the deciding factor.
The rising cost of ID checks and mounting inflation are key factors driving down KYC businesses' profitability. On top of it, manual document verification is diverting your team and delaying strategic tasks – which piles on the cost.
11 million UK citizens do not have a passport or a driving licence - two of the primary identity documents. This automatically leaves a big chunk of the potential customer base out of your business' reach. And with a product category that's become generic, to say the least, attracting and retaining customers gets even more complex.
The UK government has been steadily pushing the digital identity agenda. Add to it the fact that customers accustomed to the ease and seamlessness of digital native brands expect the same from every product they interact with. KYC businesses need to move quickly to future-proof themselves to stay relevant and thrive in the digital age.
The traditional, document-based identity verification method dulls the customer experience, increases abandonments, and limits your revenue potential.
OneID – the truly digital, innovative, and inclusive identity verification solution can help you address these business-critical issues. Here’s why leading KYC providers have integrated OneID into their existing workflow.
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Learn how OneID® brings trust and compliance to KYC and CDD checks.
