PolyDigi helps Banks, Financial Institutions, and Insurance (BFSI) maximize profitability, improve customer retention, and reduce revenue losses from failed payments and scams via our proprietary award-winning multi-level multi-factor authentication (MFA).
We offer up to 5-Factors of Authentication on a single platform, blending mobile, biometric, and e-KYC to achieve the gold standard of MFA that is proven to deter scammers. This also removes the need to manage multiple vendors, integration headaches, and operational inefficiencies.
We remove the need for passwords or PINs and shorten the user journey through automation and simple instructions to drastically improve user-friendliness and reduce the attrition rate.
The solution can be modularized, where clients can select different factors of authentication to meet their needs and help manage budget spending efficiently.
Our authentication is done via communication tools such as Internet Messaging Services, Rich Communication Services, and SMS/MMS making it ubiquitous and removing the need for any unnecessary third-party application or expensive hardware.
In short, we help BFSI:
- Enhance user-friendliness, to build customer retention and brand loyalty
- Boost payment accuracy and volume, thereby increasing profitability
- Reduce operational inefficiencies that can save money, time, and resources
- Strengthen security measures to reduce potential scams and monetary penalties