If you have not yet deployed mobile identity verification technology in your business, it is something that you should definitely consider. With a mobile verification solution, you can verify mobile users without compromising customer experiences. You can reduce mobile account opening abandonment and fraud without compromising your customer’s experience.
You will be opening mobile accounts and verifying customers with a real-time solution that is fast, accurate, as well as affordable. A mobile verification solution is the fastest way to identify and say “yes” more mobile customers.
A good mobile identity verification will help you address the biggest challengesof mobile account opening, including high abandonment rates from poor user experience and high rejection rates resulting from limited data for account screening. The following are some of the ways that it can help you.
With a good mobile verification solution, you will be able to deliver a frictionless mobile experience. Instead of forcing customers to type a lot of information on a smartphone screen, the verification solution can read customer data from a photo of a government issued ID. Using data extracted from identity documents streamlines mobile account opening while reducing errors from typos.
A good mobile identity verification solution will reduce typing requirements to just entering an SSN. Basic name and address data can be read automatically from the photo of the identity document and auto-form-filled. You can get the customer data you want, while your customers get a fast, easy-to-use experience.
Potential borrowers are spending more time on their phones than ever before these days.If it’s not already, it will become common place to open new credit accounts on mobile devices. A good mobile identity verification solution will enable lenders to provide a top-notch user experience for mobile account opening, leading to more positive outcomes. It will help you succeed in the digital-first world.
For more information on the benefits ofinvesting in a good mobile identity verification solution, visit our website at https://loginid.io/
