US-based Prove, a digital identity platform, has partnered with First National Bank of Omaha (FNBO) to speed up and secure the onboarding process.
This collaboration is aimed at improving FNBO’s innovation efforts by delivering a better customer experience. As a privately held bank, FNBO recognizes the importance of technology in modern banking and plans to offer advanced onboarding solutions for its large client base.
FNBO will use Prove’s pre-fill solution, which has been shown to cut onboarding time by 79%, reduce abandonment rates by 35%, and significantly decrease fraud incidents.
Key Features of the Partnership
Prove’s pre-fill technology aims to streamline the entire onboarding process, offering a competitive advantage in terms of speed, efficiency, and security. It promises to reduce friction during onboarding and minimize fraud risk simultaneously.
According to FNBO officials, Prove provides a distinctive method for digital identity verification, focusing on three key areas: confirming device possession, identifying suspicious activities or reputation risks, and verifying ownership of the device.
FNBO is a part of First National of Nebraska, managing assets worth over $32 billion and employing more than 4,000 people across various sectors including retail, entertainment, travel, automotive, oil, among others. The bank excels in delivering personalized services.
Meanwhile, Prove Identity is trusted by 19 of the top 20 US banks and offers solutions that enhance onboarding efficiency while combating fraud.
