Case Study: a neobank doubles KYC conversion with AiPrise

A Fast Growing Neobank Streamlines Global KYC With AiPrise

A fast-growing neobank, which supports the African diaspora in Europe, was struggling to scale its customer onboarding. Its lean compliance team was manually reviewing every KYC submission, a process that was time-consuming, error-prone, and unsustainable amidst rapid user growth. The company needed a faster, more reliable method to verify identities and reduce fraud without increasing headcount.

The neobank implemented AiPrise’s KYC engine to automate identity verification. The solution used AI to instantly extract data from IDs, perform biometric face matches, and conduct real-time fraud and sanctions screening. As a result of using AiPrise, the company doubled its conversion rates, significantly reduced manual effort, and improved the effectiveness of its fraud prevention.

Neobank