NeteraPay Joins Force with Nordigen to Enhance KYC Procedures

NeteraPay, a Czech licensed payment service provider and electronic money issuer, has joined forces with freemium open banking provider Nordigen to enhance their Know Your Customer (KYC) procedures.

NeteraPay's integration with Nordigen allows the firm to add an additional verification method to their service through open banking, helping automate and streamline the process of customer authentication. This option enables the company to securely link directly to client bank accounts to perform mandatory KYC checks to identify consumers and create risk and financial profiles.

"At NeteraPay we prioritise security, comfort and speed. We are continuously modernising our services to keep up with trends and to meet our clients' needs. When the decision was made to enhance our KYC processes, we looked into open banking and selected Nordigen as our partner. With their help, we are able to accelerate and automate the procedure by tapping into their API bank connections. The integration was seamless and we are pleased with the current results," said Vladimír Dvořák, co-founder and CEO of NeteraPay.

"We are thrilled to be NeteraPay's choice when it comes to open banking. Financial services are evolving quickly, and both companies and clients are now prioritising more efficient and digitised solutions that do not compromise on safety. Open banking enables real-time customer authentication, making the process easier for both sides," explains Rolands Mesters, co-founder and CEO of Nordigen.