Countingup streamlines KYC processes for account creation
Countingup, a fast-growing challenger bank for small and medium businesses, was looking for a way to conduct KYC checks and onboard customers in a compliant and scalable way. The incumbent banks have a long history of taking weeks to process business current account applications. It’s a problem that is being solved thanks to better KYC and customer onboarding solutions and processes like the ones Mitek provides to Countingup.
“Before Countingup moved into the business current account space, it wasn’t unheard of for business accounts to take up to six months to be opened. We’re able to open accounts in minutes.”
CEO at Countingup