Industry: Banking & Finance
What we’ve managed to accomplish
67%
Pass Rate
Improvement
37%
Cost
Reduction
77%
Onboarding speed
Improvement
"
Fully-Verified has been an invaluable partner for Klarpay, delivering seamless and secure KYC solutions that have greatly enhanced our ability to verify customer identities and prevent fraud.
Martynas Bieliauskas
CEO, Klarpay
Background
Klarpay is a reputable financial technology company that specializes in providing secure and efficient payment solutions. With a strong focus on user experience, Klarpay offers innovative payment services that cater to the needs of businesses and individuals. Their advanced technology, stringent security measures, and commitment to compliance make Klarpay a trusted partner in the digital payments landscape, enabling seamless and reliable transactions for their customers.
The Challange
Klarpay faced the challenge of balancing user convenience with strong security measures to gain customer trust and comply with evolving regulations. Overcoming this required a comprehensive approach with advanced technology, robust risk management, and ongoing security monitoring and adaptation.
Klarpay faced the challenge of balancing user convenience with strong security measures to gain customer trust and comply with evolving regulations. Overcoming this required a comprehensive approach with advanced technology, robust risk management, and ongoing security monitoring and adaptation.
The Solution
To overcome the challenges faced by Klarpay, the company partnered with Fully-Verified, a leading provider of Know Your Customer (KYC) solutions. The collaboration with Fully-Verified offered a comprehensive solution that addressed user convenience, security, and regulatory compliance requirements.
Why Security Managers loved us
Robust Security Measures
Fully-Verified implemented a streamlined and automated KYC process for Klarpay, reducing the time and effort required for customer onboarding. Advanced technologies such as facial recognition, document verification, and data analysis were employed to ensure fast and accurate identity verification.
Why Business loved us
Efficient KYC Processes
To overcome the challenges faced by Klarpay, the company partnered with Fully-Verified, a leading provider of Know Your Customer (KYC) solutions. The collaboration with Fully-Verified offered a comprehensive solution that addressed user convenience, security, and regulatory compliance requirements.
Why Legal loved us
Compliance with Regulatory Standards
Fully-Verified helped Klarpay maintain compliance with evolving regulatory frameworks by incorporating the latest KYC and Anti-Money Laundering (AML) requirements into their solution. This ensured that Klarpay could confidently operate within legal boundaries while mitigating regulatory risks.
Why IT loved us
Scalable and Customizable Solution
Fully-Verified provided Klarpay with a scalable and customizable KYC solution that could adapt to the company’s growing needs. This flexibility allowed Klarpay to cater to various customer segments and accommodate future business expansion.
Why Users still love us
Ongoing Support and Monitoring
Fully-Verified offered continuous support and monitoring to Klarpay, ensuring that the KYC solution remained up-to-date, efficient, and aligned with emerging security trends. This proactive approach helped Klarpay stay ahead of potential threats and maintain a secure environment for its users.
Other Testimonials
Paytel
How did we managed to speed up the onboarding process by 56% and lower the onboarding drop-offs by 39% in as little as 7 days.
Zonda
How did we managed to speed up the onboarding process by 56% and lower the onboarding drop-offs by 39% in as little as 7 days.
Paytel
How did we managed to speed up the onboarding process by 56% and lower the onboarding drop-offs by 39% in as little as 7 days.
Book a free demo now!
Test the solution
with 50 free verifications
- Reduce verification costs by 46%
- Increase onboarding rate by 26% with minimum false positives
- Accessible in 230+ countries with support of 250+ document types
Simple main page
Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.
