NotableTalks 
​Microsoft ISV Series

Conversations with Arghya Bhattacharya, VP Partnerships and Alliances at Signzy, about: Signzy, Digital Transformation, AI, Sales Productivity, FinTech, Signzy for BFSI & NBFC, Generic Onboarding, Digital ID, and a variety of more hot topics.

Co-presented by: Value Prospect Consulting

Index:

Signzy, a market-leading platform that is redefining the speed, accuracy, and experience of how financial institutions are on-boarding customers and businesses - using the digital medium.

​What is a digital transformation from a fin-tech perspective, and how is Signzy's AI technology enabling companies?

Digital Transformation & AI

​Today, digital transformation is a must across financial companies and it is expected that a large part of the finance functions would be automated in the next few years. First of all, could you kindly explain to our audiences what exactly is a digital transformation from a fin-tech perspective, and how the AI technologies of Signzy allows your clients to supersede their KPI goals?
That is an excellent question. I believe that from a digital transformation standpoint, the definition is broadly recognized across the industry today, and in the simplest terms, it is an exercise in automating some of your manual processes or jobs that you would normally perform. Where AI comes into play with a platform like Signzy is to completely eliminate human intervention and make intelligent decisions.

This is often not possible with conventional technology platforms. That is where, from a fin-tech and specifically a financial standpoint, I believe the science platform comes in. It eliminates the need for human intervention while also intelligently utilizing AI within frameworks and regulatory constraints to make choices and automate procedures where necessary. 

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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here

What is GO platform and how it enable companies to triple their sales productivity?

Sales Productivity 

​Signzy offers an award-winning GO platform that is designed to deliver a seamless workflow experience through its no-code workflow builder. Could you explain what this GO platform is, and how it leverages the workers’ work performance that allows companies to triple their productivity of sales?

The GO platform is a generic on-boarding platform. Signzy's specialty, in the simplest words, is bringing clients into banks and financial institutions. Additionally, it is subject to regulatory requirements. It is also governed by the necessity for merchants and employees to respond to your enquiry to quickly onboard these clients. What a generic on-boarding platform is designed to do. It's a no-code platform powered by AI. This effectively means that we can construct complete customer on-boarding experiences in a matter of days rather than months. The way it converts into worker productivity, and the fact that we can onboard consumers in minutes, rather than days or months, as is the case with traditional setups. Consider applying for a credit card that would normally take numerous days.

Once authorized, your application is processed within minutes. And the same holds true not only for specific products but also for on-boarding activities such as merchant on behalf of an acquiring bank. As I previously stated, the generic on-boarding platform is a no-code platform that is AI-infused and integrated, as well as compliant with the regulatory requirements of the various countries in which we operate and connects to the national database sources required to establish the identity of an individual or business being on-boarded.

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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here.

How is digitalisation impacting the finance sector & how's Signzy enabling organisations for it?

FinTech

​As we approach the era of Web 3.0, we hear a lot of buzz around blockchains that has become one of the key trends for stakeholders. Could you please explain how digitisation is changing the investment sector and how your product’s AI technologies and automation serves different stakeholders in an organisation to safely and more efficiently perform their transactions?

This is an excellent question. As a result, I believe it is also an extremely loaded question. Thus, there are a plethora of facets to it. Right? Therefore, blockchain. Yes. Particularly, the finance fintech sector is increasingly essential, particularly in terms of consolidating people's identities across several financial institutions. Thus, having a single source of truth, primarily from a blockchain perspective, becomes vital, particularly in investment finance for the banking sector, when establishing the identification of people attempting to access the financial system, either as customers or as firms. Finally, you discussed the numerous avenues through which people will conduct business in the future. As an example, Signzy was recently given a patent by the US Patent Office for banking in the metaverse.

This simply means that you do not need to be physically present in a bank branch to purchase products or to apply for additional products that you require or to complete simple tasks such as account opening. It is possible that this will occur via the metaverse. Thus, I believe there is a rapid change occurring in the way these technologies, the Web 3.0 technology set, are emerging. Having said that, I believe we will learn more about how these technologies are used and used to tackle real-world problems as time goes on. That, I believe, will be the most essential factor as we enter the Web 3.0 revolution.

 

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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here.

How is Signzy stack helping BFSI, NBFC, and other finance industries to solve the automation issues?

Signzy for BFSI & NBFC

​As the BFSI, & NBFC industries is not only limited to banks and fintech now a days, but also ConsumerTech apps, and thus has been an important area for improving the experiences for business as well as for customers. From your seasoned expertise, what do you consider as the lying issues in the finance industries, and how does the Signzy Stack help the users to overcome those issues?

Yes, I believe that it is a tremendously contentious issue in some aspects. Thus, there is an influx of fin-tech technology providers and players that you read about and with which we also deal on a daily basis via our consumer app interface. On the one hand, there have the traditional banks, which have historically been a powerhouse in terms of servicing the financial markets of the financial industry and customers like us. Thus, where platforms like Signzy become immensely valuable is when these established financial institutions begin to behave like FinTech. And to assist businesses in becoming more consumer-centric and consumer-focused, which is why you use the term consumer apps in your inquiry. 

Thus, the closer we can persuade these financial institutions to behave more like consumer enterprises in some areas, the greater the value added by Signzy-like platforms. And notably, I believe with the emphasis on ease of use, reducing turnaround times for consumer requested items, and also, from a financial institution or bank's viewpoint, the ability for them to adapt to or use platforms like Signzy in a very short period of time. If one focuses on these three, four areas, I believe they are the critical underlying concerns that need to be addressed, which is traditional enterprises' rapid embrace of technology, which results in a very consumer centric experience. Essentially, reducing the turnaround time for both the deployment of technology and the use of the technology or the bank's products and services. Thus, I believe those are a few locations. One, I suppose, should concentrate on while examining underlying areas.
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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here.

Roadmap for a company to smoothly onboard with Signzy for their successful digital transformation?

Generic Onboarding

​While digital transformation is now a global trend, there are still many companies that experience difficulties in adopting the new technologies due to inadequate IT, budgets and management skills as well as its perceived technological complexities. However, Signzy reports a significant figure of 10 million new onboardings per month and an 80% lower cost of onboarding. Could you kindly share the roadmap for a company to smoothly onboard with Signzy for their successful digital transformation?
Absolutely. Thus, I believe that the key to simplifying anything is to understand the objectives of a financial institution when it comes to enrolling individuals or organisations as customers. And rather than that, it is a convergence of processes, technology, and regulatory needs. And once you understand that platforms like Signzy, in particular as no-code platforms, can very quickly adapt to the process modifications mandated by the financial institutions or banks.

And, of course, these connections to government databases are essential. Our platform is imbued with artificial intelligence. Thus, Signzy assists by facilitating the rapid adoption of technology. Once the business challenge is clearly recognised and defined, and once the solution is implemented or adopted by the banks, the question becomes how to make it available to your end consumers.
And this is where having an experience that is very similar to a consumer app helps firms like Signzy create these solutions. And thus makes it simple for consumer end users to begin utilising the technologies made available to them by financial institutions. That is essentially the objective; to keep it simple, technology adoption by banks must be simplified, which is where Signzy comes in with a no-code platform, pre-integrated data sets, and AI-infused, automated decision making. Finally, whenever banks embrace the platform for their end consumers, they receive a consumer-like experience when on-boarding with financial institutions. Thus, these are the two critical things that Signzy has done exceptionally well in terms of simplifying and assisting banks in on-boarding millions of people in the numbers that we discussed.
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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here.

What is digital ID, and how is Signzy boosting it's customer’s security infrastructure?

Digital ID

​Today, With the increasing frequency of cyber-attacks and online financial fraud, digital identity (ID) has been recognised as a critical component of the digital infrastructure. To begin, could you kindly define digital ID and how Signzy aids customers in strengthening their security architecture and optimising their user experiences?

I believe, a straightforward question, but the implications it carries are profound. If you look throughout the world for an individual's digital identity, you'll find that their Social Security number is their primary identifier. For enterprises in India, we use Pan and Aadhar. Verification of the legitimacy of numerous corporate identities is possible by examination of these identities in person. In order to solve the digital identity challenge, we must consider not only the sources of data and identity, but also regulatory measures and compliance needs. For example, if you're setting up a new account, you might want to double-check the applicant's social security number to make sure he/she is a real person. And this is where AI-powered platforms like Signzy come into play. As an illustration, since we're on this virtual call, we have AI capabilities that, for example, allow financial institutions to verify whether or not a person is indeed online.

Is the person who possesses the Social Security number or the PAN and Aadhar number in the case of India, who is speaking on this virtual call, genuinely alive? Is this person applying from a location that is allowed to do so under the rules? Is it possible for me to open an account in the United States from India, despite the fact that this is against the law? So, in response to the issue, I believe that Signzy's approach to solving for identification involves more than just looking at sources of identity and data. When it comes to geotagging, it is all about figuring out where the users are coming from and whether or not they are genuinely living there. When it comes to looking at identity and how we intervene in it, that's the most important part. As a result, many bad actors will no longer be able to access a financial system. Fraudulent transactions, acts, or activity have a far lower possibility of occurring once the system has been secured, both at the point of entry and while inside.
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Find out how Signzy can help you prepare for the future by scheduling a discovery call, click here.

How is Signzy leveraging Microsoft to improve the user experience for its consumers?

Leveraging 
​Microsoft

​How is Signzy leveraging Microsoft to enhance its consumers end experience?

Sure. As a result, Signzy is tightly integrated with Microsoft's three cloud strategies, as well as with our generic on-boarding platform. Numerous our AI services are hosted on Azure, one of their clouds. We have a close relationship with Microsoft Dynamics, particularly on the CRM side, where we link with a large number of instances to transfer client data. And the third aspect is that much of what we do at Signzy involves determining a consumer's liveness based on video products.

This is where our third cloud alignment with Microsoft teams comes into play. Apart from that, Signzy is currently in the process of being on-boarded on Microsoft's cloud for financial services, which was just released and is now available in the United States and the United Kingdom. So tightly connected with Microsoft's free cloud plan and the recently formed Financial Services club.

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To learn more about how Signzy may help you prepare for the future, or to schedule a discovery call, click here.