How they describe themselves: truID is a local South African fintech company that has created a data sharing ecosystem, inspired by Open Banking, to securely and reliably share digital personal financial information between consumers and credit providers or other interested parties that require warranted proof of identity, address or financial capacity. truID, as an advocate of digital transformation in the financial industry, strongly focuses on privacy, authenticity and regulatory compliance, creating value for our customers rather than only providing the enabling technology. truID is committed to be the leading enabler of financial innovation for consumers and businesses.
How they describe their product/innovation: truID’s innovative Collect Platform enables consumers to safely and rapidly share their digital banking information with third parties in a manner that guarantees ease-of-use and privacy for the consumer, and authenticity and standardisation for the recipient of the data. By providing both original bank statements (PDF) as well as bank transaction history (JSON) through a simple API, the Collect Platform can be easily integrated in an existing business process without jeopardising regulatory compliance. The Collect Platform emphasises on maximising user adoption by optimising the user experience and user trust for each of the supported workflows: online, in-store or call-center.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Bus. Dev. & Press: Dmitry Drabkin, Co-Founder, email@example.com, +27 847 16 1542