by instnt | Aug 2, 2022 | Blog
Do you really know your customers? Effectively, this is the heart of the enhanced due diligence process. When know your customer (KYC) and anti-money-laundering (AML) regulations were enacted, they set out to answer those questions. However, the non-uniformity of...
by instnt | Mar 8, 2022 | Blog
While neobanks and challenger banks share several similarities and are often grouped together and considered one and the same, there is one big difference. Neobanks do not have a banking license, and instead partner with traditional banks and other lenders to provide...
by instnt | Mar 1, 2022 | Blog
Challenger banks and neobanks are digital-first banks that deliver their services primarily through mobile apps. These include traditional offerings like checking accounts, debit cards, credit cards and loans. However, despite the word “bank” in their name, these...
by instnt | Jan 25, 2022 | Blog
Customer onboarding is a term that most people never consider — that is until they find themselves caught up in the often excruciating exercise of opening a bank account or establishing a relationship with a new company. There were plenty of people who hadn’t changed...
by instnt | Jan 18, 2022 | Blog
These days, being tech-savvy is the rule rather than the exception. Neobanks, which are financial-technology firms that provide banking services exclusively through digital platforms, have been around for less than a decade. Cutting-edge fintech innovations have...
