miiCard’s digital passport innovation is an exciting idea in online identity that has the potential to make a real impact on how retail banks interact online with their customers.
Digital signatures are not enough
Applying for a new credit card, bank account or loan online should be easy.
However, banks must establish the identity of new customers to meet regulations governing the sale of financial products - Know Your Customer (KYC) and Anti-Money Laundering (AML).
A digital signature is not enough. You often have to complete an offline step like signing paperwork or producing photo ID to complete the process. And then you wait, days or weeks, for the application to be processed.
miiCard takes identity verification online
miiCard proves your identity to the level of your driver's licence or passport, online and in real-time meeting KYC verification and AML regulations. Financial organisations will soon start accepting miiCard to give consumers the convenience of shopping for financial products entirely online.
With miiCard you will be able to:
- Save time by applying for new bank accounts, loans and mortgages entirely online
- Say 'Goodbye' to the hassle of paperwork, postage and visits to your local branch
- Get your applications approved in real-time
In the meantime, register for miiCard today and start using it to create trust across the Internet.
It's free!
Help us create trust online and
as one of the first 10,000 to sign up you will get miiCard for free for life!
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Eric Matteson
Finovate |
