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Finiata - Case Study

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Finiata partnered with Onfido to verify business users at scale in an automated manner, plugging Onfido Document and Selfie checks into the Finiata registration flow. So when a business user registers, they simply provide an email, a password, and some business details. To verify them, it's a click of a document and a snap of a selfie—we handle the rest. The solution Finiata enables businesses to thrive by solving liquidity problems— from credit through to managing cash flow, so small business owners don't have to. They're solving these problems in a unique way, through an online-only flow, so businesses don't lose time on painful paper trials. This innovative approach brings two challenges for Finiata— managing risk, and making it easier to enable business customers. Flipping the question of "risk" on its head, Finiata don't think in terms of 'how many people can we say "no" to', but rather 'how do we better enable ourselves to understand risk profiles and say "'yes" in a compliant manner'. This means gaining a strong understanding of their customers from the outset, and creating an approval flow that takes minutes, not days. But with manual processes in the way—such as only being equipped to perform KYC during business hours—Finiata set out to find a smarter way of verifying and de-risking businesses. The challenge Headquartered in Germany, Finiata are eliminating cashflow problems for small businesses by providing access to liquidity, plus insights into cashflow for small businesses in Europe— so they can focus on what matters. due an improved user experience at registration increase in customer conversion with no human intervention, thanks to Onfido's hybrid approach of case approvals are automated end-to-end 50% 10% case study

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