Working capital technology CredAble has announced a strategic partnership with Chekk, a prominent provider of digital identity and Know Your Customer (KYC) solutions. The collaboration aims to simplify the onboarding and compliance workflows for Financial Institutions (FIs) across key international markets, including APAC, MENA and Europe.
Financial institutions worldwide often face challenges in scaling working capital programmes due to time-consuming manual verifications and data collection processes. The partnership will address these hurdles by providing region-specific solutions, leveraging data from 220 countries and territories. It will enable FIs to digitally and securely onboard clients, vendors and dealers using advanced risk assessment models and business-relevant data.
The integration of CredAble’s working capital technology suite with Chekk’s KYC, Know Your Business (KYB) and Anti-Money Laundering (AML) solutions, supported by powerful API and SDK capabilities, promises to redefine digital onboarding experiences.
Chekk’s Multi-Sources Engine will allow FIs to remotely verify Ultimate Beneficial Owners (UBOs) and controlling shareholders in under 20 seconds through video-based identity verification and anti-fraud checks. This drastically reduces onboarding time and costs, eliminating the need for complex engineering integrations.
Echoing this sentiment, Pascal Nizri, Co-Founder and Chief Executive Officer (CEO), Chekk, said, “Our partnership with CredAble exemplifies our dedication to enhancing onboarding and risk mitigation for banks and FinTechs globally. By connecting Chekk’s next-generation digital identity solutions to CredAble’s working capital suite, we aim to empower financial institutions with transformative client engagement and credit decisioning capabilities.”
With a focus on secure onboarding, reliable underwriting workflows, regional compliance and global scalability, this partnership positions CredAble as a trusted platform for global banks and financial institutions. It sets the stage for future innovations in digital onboarding, customer-centric solutions and end-to-end digital banking journeys.
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