The technological services company for the financial system, uFlow which resides in the Amazon Web Services (AWS) cloud and allows changes to the rules of banking entities to grant credits automatically and quickly, sealed a strategic alliance with Truora, the company specialized in authentication and identity validation, to develop a solution that will allow companies in this sector to automate credit decisions.
With the agreement, technological progress will allow different unbanked sectors of society to access financial products such as loans, credit cards, buy-now-pay-later products, etc.
Santiago Etchegoyen, co-founder of uFlow, assured that the new technological solution combines its decision engine with the authentication and communication tools of Truoraproviding financial institutions with a complete and secure platform to streamline and optimize their credit evaluation process.
“With this alliance, banks, fintechs, retailers, and financial entities of all kinds, such as cooperatives, will be able to access a tool that is very easy and practical to use.with which they will not require a technology team to automate and carry out the credit evaluation process, and which will guarantee security and efficiency at each stage of the evaluation”, highlighted Etechegoyen.
The solution also includes an automatic validation process that complies with Know Your Customer and AML regulations. (Anti-Money Laundering), which guarantee a safe and reliable onboarding process. While companies in the sector can verify the identity of applicants.
2023-07-17 05:04:46
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