by instnt | Jun 7, 2022 | Blog
When the internet was first built, it seemed that no one really thought about the need to establish a robust system of digital identity. There was no standard mechanisms defined for digital identity verification, so people built their own. Most people had physical...
by instnt | May 31, 2022 | Blog
False rejections can generate real frustration during customer onboarding. Your false rejection rate is effectively the percentage of instances in which potential or existing customers are incorrectly rejected. According to Thomson Reuters, 89% of clients go through...
by instnt | May 24, 2022 | Blog
The lending industry is increasingly turning to digital. If you don’t have a digital app or your technology is lagging, you’re missing out. Younger generations are a large part of the borrowing pool, also. As consumers reach the age where their credit scores increase...
by instnt | May 3, 2022 | Blog
As the effects of the pandemic continue, online transactions, especially those related to financial services, will continue and even increase. The number of mobile banking registrations tripled early on, in April 2020, according to an analysis by Fidelity National...
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...
