Fintech
Fintech startup iBind Systems partners with Google Cloud to redefine corporate banking
Fintech startup iBind Systems has something better to offer. It has partnered with Google Cloud to revolutionize the enterprise banking segment. The main goal is to improve the way banks and financial institutions manage their corporate customers in today’s system.
iBind is known for its advanced software, and Google Cloud has powerful infrastructure and cutting-edge AI technology. The two together promise to make banking faster and easier for businesses.
iBind Systems recently came out with a new product called Entity Digital Locker. It’s part of their enterprise identity platform (CIP). The solution simultaneously simplifies business onboarding and includes processes such as Know Your Customer (KYC), anti-money laundering (AML) checks, credit ratings and digital signatures. The main goal of the partnership is to create a secure and easy-to-use system for sharing data. It will make it easier for businesses to access financial services.
The partnership will also simultaneously enhance iBind’s risk assessment platform. The platform will generate detailed risk profiles for companies with the help of artificial intelligence. This will help banks better understand and manage potential risks.
iBind plans to use artificial intelligence to serve personalized advertising to business customers. It will be something similar to a virtual Relationship Manager. Specialized AI models will enable banks to quickly and accurately analyze financial data, as well as improve risk and credit assessments.
The collaboration is believed to be driving innovation in the fintech segment. Google Cloud will support iBind in developing secure and advanced financial solutions. The partnership will also allow iBind to continue to create increasingly improved products for corporate banking.
iBind Systems co-founders Santu Maity and Sanat Bhat expressed excitement about the partnership.