December 6, 2017 -
HooYu has partnered with challenger bank Countingup to verify customer identity in the account opening process.
Countingup is an UK challenger bank that equips its customers with a unique commercial banking app to help business owners with accounting, VAT returns, profit and loss reports, invoicing and machine learning bookkeeping technology. Customers are able to open an account on their smartphone in five minutes.
HooYu technologies such as identity database checks, ID document validation, facial biometrics, PEPS and Sanctions screening, digital footprint analysis and proof of address checks will be deployed during the account opening process to prove that customers are who they say they are and ensure compliance with money laundering regulations.
Tim Fouracre, CEO at Countingup commented, “HooYu helps us not just to comply with money laundering regulations and to prevent fraud but also helps us to curate a great digital journey that makes for easy and convenient account opening.”