Equiniti launches new solutions
It’s a fintech double as Equiniti has developed a digital banking platform and launched a mobile biometric authentication and identity lifecycle solution.
The platform, expected to launch in the first half of 2017, provides analysis of collateral and financial data when corporates apply for loans, with “minimal human intervention”.
Equiniti says an application for a loan can take up to three or four weeks to process as a result of the number of documents, but reckons its new platform can cut that down to “as little as ten minutes”.
For the latter solution, called Prequel, it worked with Daon to develop digital onboarding services in the UK.
Equiniti will deploy Daon’s IdentityX Platform for biometric authentication in the Prequel mobile app.
The app is developed specifically for the financial services industry and includes credential verification to face and voice recognition capabilities.