Mobetize has embedded Instnt's managed customer onboarding service into its payment platform to better serve the shift in the Canadian credit union market.

 

NEW YORK, March 2, 2021 -- Instnt Inc, the first fully managed digital customer onboarding service for businesses today announced it has partnered with Mobetize, a leading digital account opening and payments platform, as their customer onboarding service of choice, enabling credit unions to verify and onboard new customers without fraud liability exposure and friction.

“Working with Instnt we leverage data points from thousands of sources. Using machine learning and artificial intelligence (AI), we have implemented the fastest, most comprehensive client onboarding experience in the financial services industry,” said Ajay Hans, Founder and CEO of Mobetize. “Our partnership with Instnt makes it easy to effectively validate an applicant’s identity, and make better risk decisions for the onboarding of demand and loan accounts for our clients.”

“We are thrilled to be working with Mobetize who are leading the digital evolution of credit unions in Canada. Embedding our low-code managed service to outsource the problem of risk and KYC compliance management while shifting fraud loss liability off their balance sheet with Instnt's indemnification, has helped Mobetize get product-to-market quickly to serve their customers and grow their market share," said Sunil Madhu, Founder and CEO of Instnt.

Read the full release.