UK payments FinTech Shieldpay has partnered with FinTech Alliance company DirectID.
DirectID specialises in open banking and risk, aiming to create better identification processes.
Shieldpay is a market leader in digital payments.
DirectID’s bank account verification, powered by open banking, will be available to Shieldpay customers.
What does this mean?
Shieldpay customers will be able to transfer funds online with digital escrow and trust services, thanks to DirectID’s Connect widget. Customer experience and security are blended through seamless identity verification.