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There has been a constant evolution of bundling and unbundling of services in the financial services industry. Fintechs are great at this disruption, and their products, including payments, often disrupt multiple industries at once. 

A lot of times, the larger institution, rather than subscribe or license the product offered by a fintech startup, will instead invest in the smaller company to minimize the risk exposure to a less mature business.

A managed service can offer value on multiple levels: reduction of costs (CapEx, OpEx), but also faster top-line growth, generating more customers and more revenue in a shorter amount of time.

A medium-sized enterprise might spend $500,000 on technology associated with onboarding customers and opening new accounts, whereas a solution might be 30 to 40% cheaper if they outsource it.

Most businesses want fraud losses below 1%. In order to do this, the business will need to use a range of technologies and services to vet the people they’re signing up. However, the tradeoff is when bad people are kept out, the good people are kept out as well. A managed service can address this and does not give away the user experience or the sign-up journey.

Instnt Managed Customer Onboarding

Our technology makes customer onboarding safe and seamless for financial institutions, eCommerce platforms, and other companies. See how we can grow your review by reducing fraud in just 3 easy steps. Get started today by requesting a demo!

 

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