Home / News

Business

  • 0

YES BANK implements TransUnion’s seamless onboarding solution; digitalizes its credit card customer onboarding

YES BANK implements TransUnion’s seamless onboarding solution; digitalizes its credit card customer onboarding

Mumbai– YES BANK announced the implementation of TransUnion’s seamless onboarding solution This solution will enable YES BANK to onboard its credit card customers seamlessly, efficiently and quickly.

 

The solution has been uniquely designed to enable a digital, streamlined onboarding process that delivers the experience consumers prefer such as fewer customer information fields to input, no physical paperwork, and comparatively lesser time required for completing the credit card application. What traditionally required an in-person interaction with customers for physical documentation and processing is now replaced with a completely digital process wherein a digital application link is sent to the customer, which the customer can complete from the comfort of their homes along with a video KYC (Know Your Customer). Further, the solution significantly reduces the integration time and effort for the Bank, while encompassing credit/risk decision workflow for digital end-to-end onboarding.

 

Speaking on the TransUnion Seamless Onboarding implementation, Rajanish Prabhu, Business Head – Credit Cards & Merchant Acquisition, YES BANK, said: “YES BANK remains steadfast in its endeavor to provide customers differentiated and convenient banking experience - the implementation of TransUnion’s seamless onboarding solution reaffirms our commitment. This is in line with our focus on delivering the convenience of digital experiences that technologically savvy customers demand. We look forward to serving consumers with a smoother, faster and delightful onboarding experience, while also helping drive easy access to finance for them.”

 

Highlighting the unique features of TransUnion Seamless Onboarding, Shaleen Srivastava, Executive Vice President and Head of Fraud, Solutions and Alternate Data at TransUnion in India, said: “COVID-19 circumstances have transformed the credit industry significantly by compelling digitalization across business processes. This trend will continue as consumers are increasingly demanding a digital and seamless onboarding experience that provides a fast, personalized service. TransUnion’s seamless onboarding delivers a full range of identity, fraud, decisions and credit solutions through a single platform and API calls to make integration easy and convenient for the lender. Its flexible orchestration and plug-and-play offering enables customization to meet evolving business needs and will provide a competitive edge to the credit card customer onboarding process at YES BANK.”

 

TransUnion’s seamless onboarding helps both lenders and consumers experience a quicker and easier digital onboarding process. Designed to deliver a seamless and enhanced customer journey, while increasing conversions, the solution helps to drive operational efficiencies for lenders. The solution’s consumer-friendly design and capabilities position it to transform onboarding in India: a total frictionless experience that consumers can complete in one sitting – anytime, anywhere – without compromising privacy and security.

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India

New D

STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSC

STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSC

Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-

India Employment Report pitches for policy to promote jobs

India Employment Report pitches for policy to promote jobs

·       Technopark-based Lifology holds conversation on IER 2024

Thiru