Signzy

Signzy, based in New York City, is a leading provider of digital onboarding solutions for financial institutions. Since its establishment in 2015, the company has revolutionised the way banks and other financial entities onboard customers and businesses. Their flagship product, the GO platform, is renowned for its no-code functionality, allowing users to create seamless, customisable onboarding journeys without needing to write any code. With over 240 bespoke APIs, Signzy offers a comprehensive and flexible system that integrates smoothly into existing workflows.

The company supports more than 10 million onboardings each month with a remarkable success rate of 99%. By significantly reducing the time needed to bring new products to market from six months to just 3-4 weeks, Signzy has become a crucial partner for major financial institutions. They collaborate with over 240 financial institutions globally, including the largest banks in India and a top acquiring bank in the US, and have strong partnerships with major players like Mastercard and Microsoft.

Signzy operates from multiple global offices in New York, Bengaluru, Mumbai, Dubai, and Gurgaon. Their team, led by co-founders Ankit Ratan, Arpit Ratan, and Ankur Pandey, continues to drive innovation in the digital onboarding space. The company’s commitment to improving the speed and accuracy of financial transactions and regulatory compliance has established it as a key player in the fintech industry.

Founded in 2015, Signzy began as a small startup with a bold vision to transform how financial institutions handle customer onboarding. Headquartered in New York City, Signzy has grown into a global leader in digital onboarding solutions, revolutionising the way banks and financial services manage their customer interactions.

The company’s journey started with a clear mission: to simplify and speed up the onboarding process while ensuring compliance with regulatory standards. This vision led to the development of their flagship product, the GO platform. Unlike traditional systems that often require complex coding, the GO platform offers a no-code solution that allows users to design and implement customised onboarding workflows without needing programming expertise. This innovation quickly set Signzy apart in the competitive fintech landscape.

In its early years, Signzy focused on creating a robust and versatile platform. They introduced a suite of features, including an aggregated marketplace of over 240 bespoke APIs. These APIs could be easily integrated into existing systems, providing financial institutions with a flexible and scalable solution. The company’s dedication to seamless integration and user-friendly design helped it gain traction with major clients.

By 2018, Signzy had made significant strides in the industry. They were already working with several large financial institutions, including some of the largest banks in India. Their platform’s ability to handle complex onboarding processes efficiently and accurately attracted attention from global players. This period marked the beginning of their strong international presence, as they expanded their operations to Bengaluru, Mumbai, Dubai, and Gurgaon.

The next few years were marked by rapid growth and expansion. In 2019, Signzy achieved a major milestone by reaching 10 million onboardings per month. Their success rate of 99% underscored the platform’s reliability and effectiveness. The company also reduced the time required to bring new products to market from six months to just 3-4 weeks, further enhancing its client value proposition.

Partnerships with industry giants like Mastercard and Microsoft were pivotal in Signzy’s continued success. These alliances allowed the company to integrate advanced technologies and expand its global reach. The support from such high-profile partners also bolstered Signzy’s reputation as a leader in the digital onboarding space.

In recent years, Signzy has continued to innovate and refine its offerings. They have introduced new modules and features, such as the Risk/Decision Engine and Backoffice Automation, further enhancing the platform’s capabilities. These advancements have helped clients improve efficiency, reduce costs, and better manage compliance risks.

Today, Signzy stands as a testament to the power of innovation and dedication. The company remains at the forefront of digital onboarding technology with a team of skilled professionals led by co-founders Ankit Ratan, Arpit Ratan, and Ankur Pandey. Their commitment to simplifying complex processes and delivering high-quality solutions continues to drive their success in the fintech industry. As they look to the future, Signzy is well-positioned to maintain its leadership role and continue shaping the future of financial services.

Signzy’s mission is to transform the customer onboarding experience for financial institutions globally. We aim to streamline and simplify the process by providing an innovative, no-code platform that enhances accuracy, efficiency, and compliance. By integrating advanced technologies like biometric identification and AI, our goal is to enable financial companies to onboard customers quickly and securely while meeting all regulatory requirements. We are committed to reducing onboarding times, lowering operational costs, and offering a seamless user experience, thereby helping financial institutions build trust and maintain regulatory compliance in an increasingly digital world.

Signzy envisions becoming the global leader in digital onboarding and identity verification solutions. The company aims to redefine how financial institutions manage customer interactions by making the onboarding process faster, more efficient, and highly secure. We strive to innovate continuously, using advanced technologies and a user-friendly platform to set new standards in the industry. Their vision is to empower financial organisations worldwide with the tools they need to provide a seamless, compliant, and customer-centric experience. We aspire to drive the future of digital banking by being at the forefront of technological advancements and maintaining the highest standards of service.

Signzy offers a comprehensive suite of products and services designed to enhance the customer onboarding experience for financial institutions. The company’s solutions focus on streamlining processes, improving accuracy, and ensuring regulatory compliance through advanced technology and innovative platforms.

1. GO Platform

At the core of Signzy’s offerings is the award-winning GO platform. This no-code solution is designed to simplify and accelerate the onboarding process for customers and businesses. The GO platform allows financial institutions to create fully customised onboarding journeys without needing to write any code. It features a range of multi-channel capabilities, enabling seamless interactions across various digital platforms. The platform supports an array of workflows, providing institutions with access to over 240 bespoke APIs that can be easily integrated into any process. This flexibility allows for tailored solutions that meet the specific needs of each institution.

2. Digital Onboarding Solutions

Signzy's digital onboarding solutions are geared towards transforming the way financial institutions handle customer and business onboarding. These solutions include comprehensive digital KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. The platform enables institutions to perform real-time identity verification, ensuring that all customers are accurately vetted before they are onboarded. The onboarding process is designed to be quick and efficient, reducing the typical onboarding time from several months to just 3-4 weeks.

3. Identity Verification

Identity verification is a crucial component of Signzy’s services. The company offers various APIs for verifying personal and business identities. These include PAN Verification, Aadhaar Verification, and Passport Verification APIs. By integrating these verification methods, financial institutions can ensure that the identities of their customers are accurate and reliable. This is essential for preventing fraud and meeting regulatory requirements.

4. Biometric Identification

Signzy leverages biometric technology to enhance the security and accuracy of identity verification. The platform includes face match verification and liveness checks to confirm that the person being verified is present in real time and matches the provided identification documents. This technology helps to prevent identity fraud and ensures that the verification process is robust and reliable.

5. Fraud Detection

Fraud detection is another key area of Signzy’s expertise. The platform offers tools for detecting and managing fraud risk, including APIs for data breach detection and fraud risk management. These tools help financial institutions identify potential security threats and mitigate risks associated with fraudulent activities.

6. Backoffice Solutions

Signzy provides backoffice solutions that automate various operational tasks, improving efficiency and reducing manual efforts. These solutions include a comprehensive view of applications, helping back-office staff manage and process them more effectively. By automating repetitive tasks, Signzy helps institutions reduce overhead costs and improve productivity.

7. Risk/Decision Engine

The Risk/Decision Engine offered by Signzy is designed to facilitate real-time risk assessment. This AI-based engine allows institutions to create up to seven levels of rule engines, enabling precise and instant risk evaluations. This capability significantly reduces the turnaround time for risk checks and enhances the overall efficiency of the risk management process.

8. Deep User Analytics

Signzy’s deep user analytics provide valuable insights into customer behaviour. By tracking and analysing relevant data, financial institutions can gain a better understanding of their customers, identify issues more quickly, and improve process efficiency. This analysis supports better decision-making and helps institutions meet their key performance indicators.

9. Integration with Existing Systems

Signzy’s solutions are designed to integrate seamlessly with existing systems. The platform supports a range of integrations, including Salesforce, Oracle Fusion, and various document management systems. This compatibility ensures that institutions can incorporate Signzy’s solutions into their current infrastructure with minimal disruption.