In the financial world, especially in Banking or P2P lending, the most common identity verification is during the registration (onboarding) process. Usually, prospective customers will come directly to the company to meet directly with officers so that data can be verified. However, since the COVID-19 pandemic, more and more financial institutions have started to switch to digital onboarding.

Did you know that online identity verification is essential in increasing customer conversions? Download this e-guidebook for more details.