Transforming Digital Identity Verification: How Finexer and VirtualSignature-ID Partnered to Drive Innovation

Introduction

In today’s fast-paced digital world, efficiency and compliance are critical. VirtualSignature-ID (VSID), a UK Government-accredited eSignature and digital identity service provider, needed a partner to support its growing need for open banking technology. By partnering with Finexer, a leading open banking solutions provider, VSID has successfully enhanced its services, ensuring seamless operations and delivering exceptional value to its legal and accountancy sector clients.

About VirtualSignature-ID

VirtualSignature-ID specialises in providing certified document management, Know Your Customer (KYC), Anti-Money Laundering (AML), and Source of Funds solutions. With a focus on professional organisations, particularly within the legal and accountancy sectors, VSID simplifies complex processes through innovative technology that ensures security and compliance.

Why VirtualSignature-ID Chose Finexer Open Banking

When searching for a partner, VSID prioritised flexibility, a collaborative approach, and tailored services. Finexer stood out for its ease of collaboration and ability to deliver bespoke solutions at a commercially viable price point.

“Finexer is easy to work with and flexible in their approach, providing the bespoke services we required alongside a viable commercial package. Finexer has proven to be more than a provider—they’re a trusted partner who understands our vision and helps us achieve it,”
David Kern, CEO of VirtualSignature-ID.

Challenges and How Finexer Solved Them

Before partnering with Finexer, VSID faced challenges in integrating compliant open banking software into its services. Finexer’s FCA-compliant open banking technology provided an immediate solution, offering the necessary infrastructure to enhance VSID’s service offerings.

“We were looking for a partner that could not only meet our current needs but also anticipate and support our growth. Finexer delivered exactly what we needed, from compliance-ready software to seamless integration with our existing systems.” - David Kern, CEO of VirtualSignature-ID.

Key benefits of the partnership include:

• Cost and Time Savings: By utilizing Finexer’s pre-built, compliant software, VSID streamlined its operations and reduced costs.
• Efficiency Gains: Finexer’s technology improved workflows, enabling VSID to serve its clients more effectively.
• Customer Satisfaction: The partnership allowed VSID to meet and exceed customer expectations through innovative and reliable solutions.

“Our clients in the legal and accountancy sectors expect the highest standards of efficiency and security, and Finexer’s solutions help us deliver on those expectations every day,”David Kern, CEO of VirtualSignature-ID.

Looking to the Future

The collaboration between Finexer and VSID is set to grow as both companies aim to enhance their services. Kern shared, “We aim to continue our partnership with Finexer as we improve our services and expand the business further.”Kern said. This shared commitment to innovation and growth underscores the strong foundation of their partnership.  

Why the Partnership Works

VirtualSignature-ID rates Finexer Open Banking highly across multiple factors:

• Ease of Implementation and Use: A smooth and straightforward integration process.
• UI/UX Appeal: A visually appealing and intuitive interface.
• Security: Compliance with strict regulations, ensuring robust data protection.
• Performance: Reliable and high-performing systems.
• Pricing: Competitive and value-driven solutions.
• Support: A collaborative and supportive team that’s easy to work with.

“The Finexer team is fantastic to work with,” Kern emphasised. “Their responsiveness and understanding of our needs made a real difference in our experience.”

Conclusion 

The partnership between Finexer and VirtualSignature-ID exemplifies how collaboration and technology can drive growth and innovation. With Finexer’s open banking solutions, VSID continues to empower professional organisations with cutting-edge, secure, and compliant services.

“Looking ahead, we’re excited to see how this partnership will continue to evolve and help us push the boundaries of what’s possible,” Kern concluded.

As Finexer and VSID look ahead, their shared vision of innovation and client success will undoubtedly lead to even greater achievements in the future.