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New Digital ID Verification Solution Available To Turkish Fintech Apps

The goal is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps in Turkey.

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new digital id verification solution available to turkish fintech apps

If there’s anything positive about the coronavirus pandemic and the global wave of lockdowns that followed in response to it, it’s the rapid acceleration of digitalization across all industries. Responding to the fintech companies in Turkey, Insha Ventures and Identify Turkey have created a digital ID verification solution called KimlikBasit.

The goal of KimlikBasit is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps, whose digital-only nature clashes with face-to-face verification of customer credentials.

“KimlikBasit is a fintech venture operating in the field of call center-supported remote customer acquisition, providing artificial intelligence-supported biometric data comparison and verification, with solutions designed for businesses, especially financial institutions, to prevent money laundering and identity fraud (AML/KYC),” explains Yakup Sezer, general manager of Insha Ventures.

Users who encounter KimlikBasit in the wild are required to go through only a few simple steps to complete the verification process. First, user information for remote customer acquisition is taken. The user is then redirected to the actual verification process, which consists of document scanning using a mobile device and a brief call with a call center employee. After successful verification, all user information is stored in a secure manner and can be accessed via an administration panel.

Also Read: UAE Is Ready To Test New Face ID Technology In Service Delivery

“We are excited to be a critical part of this digital transformation while witnessing the transformation of the sectors in Turkey through regulations,” said Ali Haydar Ünsal, general manager of Identify Turkey. “In this period when the customer experience has undergone a significant change, we make it easier for companies in critical sectors such as e-commerce, banking, automotive and capital markets to acquire new customers within 10 minutes.”

Fintech apps that would like to implement KimlikBasit can look forward to 24/7 customer support provided by expert teams in multiple languages and a wealth of training material to help with the implementation of this innovative digital ID verification solution.

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Spotify Is Experimenting With Artist NFT Collections

According to a recent survey, it seems that the currently tested NFT collections are just the first step toward a much broader implementation of NFTs into the platform.

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spotify is experimenting with artist nft collections

NFT sales may have declined by 92 percent since September 2021, but that’s not stopping Spotify from experimenting with a new feature that lets artists display their non-fungible token (NFT) collections on the music streaming platform.

At the moment, only a small group of artists are taking part in the experiment, including Steve Aoki and The Wombats. What’s more, only select US users of the Spotify app for Android can see NFTs when they visit the profile pages of the aforementioned artists.

spotify artist nft collections

“Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles,” said Spotify spokesperson. “We routinely conduct a number of tests in an effort to improve artist and fan experiences.”

It’s important to point out that not all Spotify experiments result in new features. It all depends on the feedback the music streaming platform receives from users.

According to a survey some Spotify users have recently received, it seems that the currently tested NFT collections are just the first step toward a much broader implementation of NFTs into the platform. More specifically, Spotify seems to be thinking about allowing its users to directly purchase NFT art to support their favorite artists.

Also Read: 3 Best Cold Storage Wallets For Crypto In 2022

Considering how polarizing NFTs have been since their inception in 2014, it shouldn’t come as a surprise that many Spotify users have immediately expressed their dissatisfaction with the idea of NFTs becoming part of the Spotify music listening experience.

Other large tech companies are also experimenting with NFTs. Instagram, for example, started testing NFT integration last week, allowing NFT creators and collectors to display their tokens on the platform. Mark Zuckerberg himself believes that NFTs and digital collectibles in general will play an integral role in the metaverse, the new iteration of the internet.

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