Skaleet, a leading digital banking platform provider, and Smile ID, Africa’s leading identity verification and KYC compliance solution provider, have announced a strategic partnership to transform the digital banking landscape in Africa. This collaboration aims to provide financial institutions with a comprehensive solution that combines robust identity verification capabilities with Skaleet’s innovative digital banking platform, addressing the growing need for secure and inclusive digital banking services across the continent.
Africa’s digital banking sector is experiencing rapid growth, creating an urgent demand for reliable identity verification solutions to combat fraud and ensure compliance with regulatory requirements. The Skaleet-Smile ID partnership is poised to tackle this challenge, empowering financial institutions to deliver secure, user-friendly, and inclusive digital banking experiences to their customers.
Key benefits of the partnership include streamlined customer onboarding, enhanced fraud prevention, improved operational efficiency, and the ability to scale digital banking operations while maintaining high security and user experience standards.
To introduce their shared vision, Skaleet and Smile ID will co-host a webinar titled “Building Secure & Scalable Banking Operations in Africa” on June 11, 2024, at 4 pm GMT+1. RSVP here
Attendees will discover practical solutions for African banks and FinTechs to streamline onboarding, automate operations, and achieve rapid customer acquisition. Register for the webinar here.
This partnership will enable us to serve the African Market better. Stay tuned for more updates and exciting developments as we embark on this collaborative journey together.
Mark Straub, CEO of Smile ID, remarked, “Our partnership with Skaleet represents a significant milestone in our mission to promote financial inclusion and combat identity fraud in Africa. 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, added, “Skaleet relies on a “Best-of-Breed” approach, selecting the best products and services of the industry that can be integrated into our Core Banking Platform to enable the construction of a whole ecosystem in a seamless way and with the best time to market. Collaborating with Smile ID in Africa allows financial institutions to revolutionise their customer onboarding processes, enhance security measures, and ensure compliance with regulatory requirements. This collaboration opens up a world of possibilities for our clients, enabling them to build trust with their customers, expand their reach, and drive financial inclusion across the continent”.
Hervé Manceron, Skaleet Co-founder, Chairman & CEO, added: “I am very pleased with this collaboration with Smile ID because it allows us to offer a comprehensive and robust solution that meets their needs more effectively and will help them to accelerate the development of new high value-added services to their end-users”
About Smile ID
Smile ID is Africa’s leading digital identity verification, fraud detection, anti-money laundering, and KYC compliance solution for businesses scaling across the continent. They have built proprietary machine-learning algorithms and a technology platform to cater to all African skin tones, entry-level devices, and users operating in low-bandwidth environments. Smile ID prides itself on striking the right balance between stopping fraudulent transactions and reducing onboarding friction. It has enabled some of the fastest-growing businesses across Africa to onboard at scale and in real-time, evidenced by performing over 100 million KYC checks.
About Skaleet:
Skaleet evolutive, configurable, API-first and, fast & easy to integrate SaaS Core Banking Platform allows financial institutions to connect to a vast ecosystem of product and technology partners. Resilient and meeting the highest security standards, it already powers 40+ regulated financial institutions. Skaleet helps financial institutions of all kinds to start digital banking businesses in months or modernize their tech stack to accelerate new product time-to-market, remain compliant with ever-changing regulations and drop running costs.
