Case Study: Bancoli cuts manual KYC work by 50% with Veriff

Bancoli cuts manual KYC work by 50% with Veriff

Bancoli, a global payments platform, faced an urgent challenge when its previous KYC provider changed its services, leaving them with only a few months to find a replacement. Without a reliable identity verification process, their business operations were at risk. They turned to Veriff for a fast and efficient KYC solution to ensure continuity.

By implementing Veriff's identity verification platform, Bancoli was able to quickly integrate a new KYC process that required minimal changes to their existing flow. The solution provided significant efficiency gains, halving the manual work required by their compliance team compared to their previous provider. Veriff's accuracy and risk scoring allowed the team to focus on the right cases, resulting in at least a 50% reduction in manual effort and a clearer picture of risk for the business.

Bancoli