Compliance cost savings through automation

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Compliance cost savings through automation

A significant amount of current merchant onboarding processes are based on the compliance/underwriting team doing manual review of information and decisioning.

123signed has developed a fully automated merchant and consumer onboarding platform that uses 90% technology and 10% underwriting resources. 

The technology drastically streamlines the onboarding process and significantly reduces the number of compliance and underwriting staff required for application review and approval.  We provide a single integrated solution covering individual and corporate identification and verification, PEP’s, Sanctions, AML, Credit Checks, Biometric, Rick Scoring, Web Monitoring, Consolidated Reporting and Decisioning module. 

  • Gain greater oversight and controls during the merchant and consumer onboarding process
  • Significantly reduce onboarding processing times
  • Remove all manual processes and reduce human errors
  • Increase underwriting team’s satisfaction level
  • Reduce the operational size of the underwriting team and save costs

To learn more please email us at [email protected] and we can explain how efficient it is to use 123signed.

To find out how 123signed can support your business, contact us here.

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