Anti-money laundering regulations are getting more serious every year. Businesses are obligated to know their customers and store that information for the regulatory purposes. This means additional costs on infrastructure, operations, team and training.
At the same time cyber security risks are increasing. No-one wants to become hacked due to the outdated authentication methods. It leads to higher security standards required to maintain safe and secure environment.
More and more fintech companies are coming to the market constantly raising the bar for the service levels, customer experience and value proposition. Optimising the onboarding flows, removing friction and managing churn - all that without a compromise in the application security.
