Are you familiar with Know Your Customer (KYC)? Let us remind you quickly. This is a set of standards that controls the procedure of verifying customers in the financial services sector. To protect both service providers and users, KYC copes with the tasks of profile check-ups, financial monitoring, and risk management. In 2019, 53% of global companies leveraged KYC in online onboarding. Today this number continues to go up because trust is the number one factor when it comes to banks. ClicID is the perfect example of an online identification service that offers a quick-paced verification process for a vast number of clients. Thanks to Patternica, this solution is characterized not only by speed but also by the quality of the product.
Though KYC is more typical of banking, ClicID also provides the online identification service to the other interested parties: e-services, online shopping, utilities, insurance, and medical services clients. This diversity has complicated the verification procedure, so the client asked us for building a unique solution that works well for all types of users.
Patternica has successfully fulfilled the task as hiring a developer with specific experience is our strength. After finding two experts in the required field, we developed the Bank ID in a smooth and timely fashion.
The whole development process took us 3 months, which is a good result if accounting that only 2 Senior .NET Developers worked on the project.
Banks’ regulations can be a nightmare, especially in Europe. However, we, at Patternica, have passed a long-distance journey with all fintech intricacies. Hence, even the new challenge turns into a doable task with our dedicated team. Contact Patternica to get professional help for your banking product!
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