Agora Services is partnering with IDology and Middesk to offer Challenger Bank-type integration to community banks and credit unions.
ATLANTA – (COMMERCIAL THREAD) – Agora Services, on Challenger bank technology platform for community banks and credit unions, has partnered and integrated with IDology and Middesk to bring the most advanced digital integration platform available to local financial institutions.
With the integrated solution, financial institutions can now deliver the best onboarding experiences to new small business digital banking customers. Near-instant identity verification allows community banks and credit unions to open accounts in real time and issue virtual cards in minutes.
“Previously, community banks and credit unions struggled to integrate retail as business customers in a timely manner,” said Arcady Lapiro, Founder and CEO of Agora Services. “Agora’s recent partnership with IDology and Middesk, together with Agora’s real-time middleware platform, has streamlined this process in just a few minutes. This premier offering enables business customers to begin banking almost instantly with personalized digital banking products.
Agora’s Challenger Banks technology platform offers community banks and credit unions the ability to create new digital banking products using modular banking architecture. With this comprehensive suite of challenger banking technologies, community banks and credit unions can offer competitive technology without having to overhaul their primary vendor. Agora’s partnership with IDology and Middesk offers an innovative and secure approach to identity verification and fraud prevention to help increase customer acquisition and improve the customer experience.
“Businesses are a bank’s most profitable and successful customers, and today’s small business owners demand the same digital banking capabilities available to retail customers,” said Kyle Mack, CEO of Middesk. “Our partnership with Agora Services enables fast and secure integration so that new business customers can start their banking operations as quickly as possible. ”
“Verifying digital identity is a critical starting point for preventing fraud and ensuring compliance for new account openings,” said Christina Luttrell, CEO of IDology. “By partnering with Agora, we are providing the intelligence financial institutions need to deter fraud while streamlining the experience for legitimate customers.
About Agora Services
Agora Services, a Mastercard Start Path, ICBA ThinkTech and INV Fintech Accelerator company provides financial institutions with a robust and customizable cloud offering that enables banking customers to create new banking products. For more information visit www.agoraservices.us.
IDology, a GBG company, provides real-time technology solutions that verify an individual’s identity and age for anyone doing business in an environment where the consumer is not present to help generate income , reduce costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology offers a solutions-driven approach to identity verification and fraud prevention that ultimately helps increase customer acquisition and improve the customer experience. IDology has developed an innovative, on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically, without having to depend on IT resources. internal or customer service departments at IDology so businesses can stay ahead of the fraud landscape while maintaining compliance. For more information visit www.IDology.com.
Based in San Francisco, Middesk makes it easy to verify the legitimacy of any business. By providing reliable access to Secretary of State’s data in all 50 states, Middesk enables innovative companies to accelerate customer onboarding while managing risk at scale. Middesk’s Business Identity product applies modern data science and machine learning techniques with trusted data sources to verify business identities in real time, improving coverage rates while reducing manual review times. Middesk is supported by Sequoia Capital and Accel Partners. To learn more, visit Middesk.com.