Banking as a service (BaaS) firm Griffin has announced the launch of customer onboarding product Verify.

The new product aims to help regulated FinTechs onboard customers at scale while meeting regulatory requirements.

Verify helps firms manage customer onboarding risks by automating checks like identity and verification (including biometrics), PEPs, sanctions and adverse media screening, anti-fraud and more.

Verify helps FinTechs onboard customers at speed, while keeping the appropriate guardrails in place, Griffin said.

Adam Moulson, Griffin’s acting chief executive, commented: “Our mission is to create a technology-driven bank that we believe will blend the power of intuitive software with the security and reliability of an authorised bank.”

He added: “Smart onboarding is critical for any financial services offering and Verify is a complete solution to help firms manage financial crime risks, automate manual tasks, and create a seamless end-to-end experience for users.”

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