The digital banking landscape in Africa is undergoing a massive transformation, and two industry leaders, Skaleet and Smile ID, are joining forces to accelerate this progress.

This strategic partnership aims to provide financial institutions across the continent with a comprehensive solution that combines robust identity verification with a powerful digital banking platform.

Addressing the Need for Secure and Inclusive Banking

Africa’s booming digital banking sector demands reliable tools to combat fraud and ensure regulatory compliance. The Skaleet-Smile ID partnership tackles this challenge head-on, empowering financial institutions to offer secure, user-friendly, and inclusive digital banking experiences.

What Benefits Does This Partnership Offer?

Streamlined Onboarding: Frictionless customer onboarding processes will be a reality, allowing for faster account creation and a smoother user experience.
Enhanced Fraud Prevention: Smile ID’s advanced identity verification technology will significantly reduce fraud risks, protecting both financial institutions and their customers.
Improved Efficiency: Skaleet’s digital banking platform will automate operations, allowing banks to streamline processes and focus on growth.
Scalability for the Future: The combined solution is designed to scale alongside a bank’s needs, ensuring they can accommodate future growth without compromising security or user experience.

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A Shared Vision: Building Secure and Scalable Banking

Skaleet and Smile ID are committed to their shared vision of a secure and inclusive digital banking future for Africa. To showcase their combined expertise, they’re co-hosting a webinar titled “Building Secure & Scalable Banking Operations in Africa” on June 11th, 2024.

This webinar will provide attendees with practical solutions for streamlining onboarding, automating operations, and achieving rapid customer acquisition.

Industry Leaders Unite for a Greater Impact

Mark Straub, CEO of Smile ID, highlights the significance of this partnership: “This collaboration brings together two industry leaders with a proven track record of excellence and innovation. Together, we are committed to delivering unrivalled solutions that combine the highest security standards with enterprise-level customisation and robust capabilities.”

Brice Groche, Partnerships Director at Skaleet, emphasises the “Best-of-Breed” approach: “Collaborating with Smile ID allows financial institutions to improve their customer onboarding processes, enhance security measures, and ensure compliance with regulatory requirements. This collaboration opens up a world of possibilities for our clients.”

Hervé Manceron, Skaleet Co-founder, Chairman & CEO, concludes by expressing his enthusiasm: “I am very pleased with this collaboration… It will help them accelerate the development of new high value-added services for their end-users.”

Smile ID: Championing Secure Identity Verification in Africa

Smile ID is a leading African innovator in digital identity verification, fraud detection, anti-money laundering (AML), and KYC (Know Your Customer) compliance solutions.

They understand the unique challenges and opportunities of the African continent, and their technology is built to address them.

Catering to Diverse Needs: Smile ID’s solutions work seamlessly across various skin tones, with entry-level devices, and even in low-bandwidth environments, ensuring inclusivity for all users.
Combatting Fraud with Cutting-Edge Technology: Their proprietary machine-learning algorithms provide robust identity verification, significantly reducing fraud risks and protecting both financial institutions and their customers.
Experience at Scale: Smile ID has empowered some of Africa’s fastest-growing businesses by enabling them to onboard users quickly and efficiently. They’ve performed over 100 million KYC checks, a testament to their experience and reliability.

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Skaleet: Building the Future of Digital Banking

Skaleet is a frontrunner in the digital banking platform space. Their cloud-based platform is:

Evolvable and configurable: Skaleet adapts to the specific needs of each financial institution, ensuring a perfect fit.
API-First Design: Seamless integration with a vast ecosystem of partners allows for the creation of customised financial solutions.
Fast and Easy Integration: Skaleet’s platform gets financial institutions up and running quickly, minimising disruption and maximising efficiency.
Proven Track Record: Trusted by over 40 regulated financial institutions globally, Skaleet offers a secure and reliable foundation for digital banking operations.

This partnership between Skaleet and Smile ID is a significant development for the future of digital banking in Africa. By combining their expertise, they are paving the way for a more secure, inclusive, and prosperous financial landscape across the continent.