Business January 11, 2019
Mumbai, India, Jan 2019, Signzy is a reg-tech company based out of India has signed an agreement with Apriori, an international data aggregator, Signzy has announced today. Apriori will provide Signzy with its database that has been aggregated from various sources.
Signzy helps financial institutions make their digital regulatory processes simple, secure and compliant. This is achieved by providing human-like fraud detection using Artificial Intelligence and Blockchain. Signzy solves critical trust issues for all three stakeholders in the financial domain- customers, banks and regulators.
Signzy, India’s fastest growing identity verification startup has been always at the forefront by solving complex problems at the large scale for more than 100+ financial institutions in identity verification, fraud and risk mitigation domain with its innovative product offering.
“By partnering with Apriori, we are further able to enrich our content with Apriori database that shall help strengthen our insights, products and solutions to support our clients on customer acquisition in the unbanked segment very efficiently at the low cost”, added by Nitin Pathania, Head of Global Partnership and Delivery at Signzy.
Signzy has been recognized by MAS ( Monetary Authority of Singapore) amongst the top 9 Global Digital Financial Implementations companies in 2017 and RBI has awarded Signzy for being the most Innovative Payment system solution for 2016 and 2018.
“Apriori is delighted to partner with Signzy and make its database available for identity and verification purposes,” said Igor Kyrylenko, President of Apriori
In India, Apriori acquires and updates over one billion records annually. Apriori hosts records for nearly 100% of India’s adult population.
Igor Kyrylenko, President of Apriori says, Aprori’s goal to promote the financial inclusion and financial empowerment of unbanked populations in emerging economies. Financial companies are eager to serve these customers, but verifying their identities can be challenging. Signzy’s verification services will be enhanced by Apriori’s data, enable financial companies to offer much-needed services at low cost to underserved customers in India.
Signzy is an AI-powered RPA platform for financial services. No matter how complex your workflow or operational complexity, Signzy is able to completely automate your back-operations decision-making process into a real-time API. This is possible due to a combination of Nebula — Our no-code AI model builder and our Fintech API Marketplace of over 200+ APIs. Today we work with over 90+ FIs globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US. Globally we have a strong partnership with MasterCard and offices in New York and Dubai to serve our customers in the 2 geographies. Our Product team of 120+ people is building a global AI product out of Bangalore.
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Author: Paritosh Vatsal Tripathi