Integration enables banks to onboard customers up to 79% faster while reducing abandonment and fraud
Prove, the leader in digital identity, announced that its Prove Pre-Fill solution is now integrated with Temenos Journey Manager and is available on the Temenos Exchange partner ecosystem of solution providers. The integration and availability give Temenos clients the ability to leverage Prove Pre-Fill to accelerate onboarding, reduce fraud, and create seamless customer experiences.
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With Prove Pre-Fill, banks can instantly pre-populate application forms with verified identity data, eliminating manual entry and common user challenges such as DOB or national ID. Instead, identity is verified in real time through device and phone possession. Financial institutions using Prove Pre-Fill have seen onboarding speed increase by up to 79%, application abandonment fall by 35%, and fraud reduced by as much as 75%.
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“Digital onboarding shouldn’t be the reason a good customer walks away,” said Scott Bonnell, Chief Revenue Officer at Prove. “Our collaboration with Temenos brings together two leaders in digital banking to eliminate unnecessary friction and deliver the gold standard in secure, seamless account opening. With Prove Pre-Fill, banks can dramatically improve conversion rates while meeting the highest standards of security and compliance.”
Temenos Exchange offers financial institutions a curated ecosystem of partner solutions for ready deployment on the Temenos banking platform. Through this collaboration, Temenos customers can leverage Prove’s identity verification technology more easily than ever before — the same technology already relied on by 19 of the top 20 U.S. banks today.
“Temenos is dedicated to empowering financial institutions to accelerate innovation and deliver outstanding customer experiences,” said Rodrigo Silva, President – Americas, Temenos. “We are proud to welcome Prove to Temenos Exchange. Our platform and ecosystem approach ensures that complementary solutions like Prove Pre-Fill can be rapidly deployed, enabling institutions in the U.S. and globally to drive digital transformation and deliver greater value to their customers.”
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Prove’s patented identity technology verifies and authenticates customers using private, passive, and persistent signals, minimizing friction while maximizing trust. With the Prove Pre-Fill solution now available on Temenos Exchange, financial institutions worldwide can access frictionless identity verification that accelerates onboarding and protects against evolving fraud threats.
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Source : businesswire