Griffin, a Banking as a Service (BaaS) provider, has launched a new platform called Verify.
Verify is a customer onboarding product that deals with KYC and KYB requirements.
It's an API based product to be embedded within companies’ platforms.
It automates biometric verification, fraud prevention, compliance and user experience all in one place.
What does this mean?
Griffin says it’s vital regulated FinTechs to streamline their customer onboaring process, and feels that this solution will help firms mitigate risks.