Banking & Fintech
Eliminate fraud. Accelerate onboarding. Build trust.
Transform customer identity verification with multimodal biometrics. From account opening to transaction authentication, make every interaction secure and seamless.
Industry Challenges
- Identity fraud costing billions annually
- Slow KYC processes hurting conversion
- Regulatory compliance complexity (KYC/AML)
- Password fatigue reducing security
- Account takeover attacks increasing
- Cross-border verification difficulties
VSP Solutions
- Instant biometric KYC verification in <2 minutes
- Passwordless authentication across all channels
- Transaction signing with biometric confirmation
- Automated regulatory compliance reporting
- Multi-factor authentication with liveness detection
- Real-time fraud detection and prevention
Success Story
Leading Nigerian Bank Transforms Digital Onboarding
Challenge
Manual KYC processes taking 7-14 days, causing 45% customer drop-off before account activation. Fraudulent account openings costing ₦850M annually.
Solution
Deployed VSP TriFusion across 200+ branches and integrated biometric verification into mobile app. Customers now verify identity using facial recognition and fingerprint in under 90 seconds.
Client
Access Bank PLC
Results Achieved
- Account opening time reduced from 14 days to 2 minutes
- Customer acquisition increased by 230%
- Fraud losses reduced by 98% (₦833M saved)
- Mobile banking adoption increased 67%
- NPS score improved from 42 to 78
"VSP has revolutionized our customer onboarding. We're now opening 10,000+ accounts daily with zero fraud incidents."
Real-World Applications
Digital Account Opening
Remote KYC with facial recognition and document verification. Open accounts from anywhere in minutes.
Branch Authentication
Replace ID cards with biometric identification at teller stations. Faster service, zero fake IDs.
ATM Cardless Withdrawal
Withdraw cash using fingerprint or facial recognition. No card required, maximum security.
Transaction Approval
Sign high-value transactions with biometric confirmation. Eliminate wire fraud.
Mobile Banking Security
Passwordless login with facial recognition and liveness detection.
Loan Disbursement
Verify customer identity before disbursing loans. Prevent identity theft in lending.
Ready to Transform Your Banking & Fintech?
Schedule a consultation with our industry experts and discover how VSP can revolutionize your operations.