Identity verification is fundamental to the digital account opening process. Know Your Customer (KYC) laws require that financial institutions verify that customers are who they say they are. There are two ways financial institutions can meet KYC/BML compliance.
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Data aggregators can bring enormous benefits to financial institutions but they also pose a host of security risks. The best way to solve this challenge is to choose a digital banking platform that uses APIs to ensure that customer information is secure.Read More
Below is advice on how a digital-first strategy can empower financial institutions to adapt and thrive in this new normal.Read More
One beautiful aspect of a strong digital account opening strategy is that, if done correctly, the return on investment can be both obvious and large. Critical to this strategy is a granular and holistic understanding of customer acquisition cost (CAC).Read More
Has your financial institution thought about launching a digital bank or digital brand? If it has, Narmi has written the playbook for you. If not, the playbook outlined in this white paper can still be applied to any financial institution looking to deliver best-in-class digital offerings.Read More
$1.4bn Radius Bank – a proud Narmi customer – was named as the best online bank in the country by Bankrate.com. As Radius Bank’s digital banking partner, the Narmi team has unique insight into how Radius achieved this accolade and what financial institutions can do to replicate its success.Read More
Organic user growth for financial institutions continues to be a key focus across the industry, elevating the importance of frictionless digital account opening. While increased deposits and user counts are often used as benchmarks for success, financial institutions should expect that a robust digital account opening platform will add additional revenue.Read More