4 ways to tackle identity fraud caused by AI and Deepfakes
In Insurance business the balance between speed and compliance is paramount. It can take anywhere from a few minutes to a few days to be approved for coverage, and prospective customers are often getting quotes from multiple insurance providers.
The providers with the fastest turnaround have a better chance of receiving the account and reducing quote abandonment.
Large fines are incurred by insurance providers who pay claims to suppliers or policyholders but miss to collect accurate taxpayer information while onboarding quickly.
Compliancely API integrates seamlessly into your existing systems and workflows to automate verifications to give you reliable results instantly
Utilizing Compliancely mitigates risk of unsolicited regulatory fines and subsequent reputational risk by ensuring round the clock compliance against CIP and CDD requirements
Compliancely API offers a comprehensive, smooth customer experience especially to your digital customers by enabling frictionless verifications during onboarding and claims processing.