I-Finance Services' affordability check in CDDN’s VerifyMe makes the onboarding of consumers safer and easier.
By integrating I-Finance Services' affordability check ' into CDDN’s VerifyMe , the onboarding process is expanded with an important step. The PSD2 connection, with the consumer's consent, allows for a verified insight into consumers' financial data, utilizing advanced data categorization. By developing this integration, CDDN and I-Finance Services are creating an industry standard in the field of consumer onboarding, contributing to safe and smooth customer acceptance and better consumer protection.
"Thanks to this collaboration and the integration of our affordability check into VerifyMe, we enable operators to efficiently and seamlessly evaluate the financial situation of users, in a responsible and safe manner," says Dion van Duijn, CCO I-Finance Services.
VerifyMe – The modular ecosystem for online registration and monitoring of customers. With an increasing number of products and services being purchased online, it's becoming increasingly important for providers of insurance, telecommunications, and gambling services, among others, to verify the identity and solvency of their customers. This is because it's crucial to determine whether the customer is indeed who they claim to be, whether they are allowed to purchase a product or service, and whether they can actually afford it.
VerifyMe is an ecosystem for online registration and monitoring of (new) customers and answers these questions. The seamless registration process of VerifyMe consists of a variety of services including email verification, address details, iDIN NAW check, IBAN-name check, identity document control, and various (background) checks, including PEP, insolvency, Cruks, under guardianship, money laundering, terrorism, relocations, and death. It is also possible to add or omit industry-specific services and checks in the registration process.
What is PSD2
PSD2 (Payment Services Directive 2) is a European directive that promotes open banking. This directive requires banks to open their APIs (Application Programming Interfaces) to third parties, provided the customer gives their consent.
The integration of PSD2 into the services provided by I-Finance Services enables companies to conduct an in-depth analysis of their users' financial situation. This is made possible by the access to financial data facilitated by PSD2.
About CDDN
CDDN (Communication Data Services Netherlands) has more than 15 years of experience with customer data and data processes. It offers various online 'Know Your Customer' (KYC) services for organizations in diverse industries – including financial services, retail, telecom, utilities, media, insurance, automotive, leisure, online gambling, e-commerce, manufacturing, real estate, and government – enabling companies to effortlessly meet their due diligence obligations. Additionally, CDDN provides for the secure management and updating of customer data, ensuring compliance with all standard privacy regulations. The goal is to make data available in a fair, transparent manner and in accordance with European legislation, while respecting consumer privacy. Visit their website for more information:
About I-Finance Services
I-Finance Services is a FinTech company that specializes in assessing and monitoring consumer financial behavior, both automatically and through personal servicing. In addition, I-Finance Services offers services for the management of consumer credit portfolios (Loan Servicing) and provides recruitment and selection services for the consumer credit sector.
For these purposes, I-Finance Services has developed advanced and flexible software. This software offers standard and cost-effective solutions, but also enables the creation of flexible, customer-tailored solutions.
A focal point is the services for customer acceptance, which allow our clients to conduct business with consumers with full confidence. Herein, I-Finance Services responds to the increasingly strict laws and regulations, with the goal of completely relieving our clients in this regard.
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