In order to comply with KYC regulations, most financial organisations still require a branch visit when opening a first-time account.  The Covid-19 pandemic has made it even more urgent that this process is made entirely contactless.
Recent advances in biometric and imaging technology makes this possible, but existing legacy architecture still prevent FSIs from adopting these. The TWINN offers a pre-configured contactless customer onboarding experience that can be supported using legacy systems. The solution comes complete with the required data models and APIs.

Instant approvals of credit and debit card application makes sense in the modern era.  While banks make every effort to secure appealing offers and rewards, the decision to redeem these offers are made in-the-moment. So card approvals are also needed in-the-moment.
To do this, banks require the ability to instantly assess a new or existing customer’s creditworthiness, using both externally and internally-sourced data. Based on pre-defined algorithms agreed with the bank, the TWINN solution enables banks to deliver the results to a mobile app in just a few seconds.