The Challenge For
Financial Services
The fourth industrial revolution and more recently the Covid – 19 pandemic, is driving retail banking institutions towards remote digital customer onboarding away from legacy paper based and costly manual processes. These legacy systems result in some 40% of customers abandoning this process, as the digital economy raises customer expectations, forcing organisations to review and transform their digital strategies.
Comcorp’s suite of solutions enable our clients to enhance their digital onboarding processes, which provides more value to the end consumer by providing access to relevant data and information. Comcorp’s range of solutions provide organisations with the ability to derive the following directly from trusted sources:
- Income and employment data
- Transactional banking data
- True Identity of individuals and organisations
By obtaining and uploading data directly, the financial services industry now has the opportunity to onboard consumers more efficiently and reducing fraud losses, as they deploy the latest digital strategies.
Banks Making Inroads in Combatting Home Loan Fraud
One would think the whole process of applying for a home loan would be immune to fraud. Not only does the bank providing the mortgage bond send an assessor to check the property, there is also a buyer, seller, estate agent and at least one lawyer involved – and there’s the bond registration process at the deeds office.
Source: Moneyweb – Article by Adriaan Kruger
Our Solutions
Access to Bank Statements
By accessing bank statements in data format directly from the bank in real time, IDX enables straight through processing and provides assurance that the data can be trusted. IDX also provides convenience to loan applicants and enables lenders to close deals faster.
Access to Payslips
By accessing payslips in data format directly from the employer in real time, SPX enables straight through processing and provides assurance that the data can be trusted. SPX also provides convenience to loan applicants and enables lenders to close deals faster.
Identity Authentication
By using our tools to verify identity biometrically, our customers can go on to perform KYC, collect POPI compliant consent and prevent ID impersonation fraud.
Your Trusted Partner
You Can Count On Our Solutions
Full Encryption
Fully encrypted, secure and certified at source with consistent, high-quality digital documentation, compliant with the latest legislation.
Electronic Data
Our solutions are hassle free, paperless and convenient; offering speedy and electronic delivery of data and documentation.
Paper-Free
Significant savings compared to paper sourcing processing AND eliminates the opportunity to tamper with paper-based documentation.
Trackable & Real-Time
Direct sourcing per transaction, independent from central document storage with full audit trail available at all stages.
Certified & Trusted
Operated on bank certified platforms. Our customers include financial institutions, credit providers and corporations.
Digital Experts
With over 29 years experience in the industry, you can trust us to securely and safely deliver all your information requirements.