CredAble Teams Up with Chekk to Enhance Digital KYC for Banks

Global working capital tech player, CredAble partners with Chekk, a leader in digital identity and Know Your Customer (KYC) solutions provider, to streamline the onboarding and compliance workflows of Financial Institutions (FIs) in regions like the APAC, MENA, and Europe.

FIs globally are struggling to scale up working capital programs, due to manual verifications and data collections & verification processes. By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

Backed by powerful API and SDK integration, this partnership will bring together CredAble’s industry-leading working capital tech suite and Chekk’s best-in-class KYC, Know Your Business (KYB), and Anti-Money Laundering (AML) solutions.

Through this partnership, Financial Institutions can leverage Chekk’s Multi-Sources Engine to streamline the labour-intensive process of assessing corporate data from many sources around the world, assess risk and onboard entities, and remotely verify the identity of UBOs and controlling shareholders in under 20 seconds with video-based identity & verification and anti-fraud checks.

This gives financial institutions the ability to get the full picture of business counterparts in just a click, reducing onboarding time and costs, and eliminates the need for complex engineering integrations.

This partnership cements CredAble’s position as a trusted working capital financing tech platform for global banks and financial institutions, setting the stage for future innovation in digital onboarding and underwriting.

“The partnership marks a key moment towards global expansion for CredAble and is very well aligned with our strategy to offer powerful onboarding automation for financial institutions.” said Satyam Agrawal, MD, Global Head of BaaS, SME and Analytics of CredAble. He added, “Together, CredAble and Chekk are well-positioned to spearhead the digital banking revolution across key international markets with automated onboarding workflows, advanced underwriting capabilities, and DPI-enabled localisation support for global use cases. With this partnership, we are enabling faster go-live for banks that are onboarding with CredAble to bolster their working capital financing offerings and tech capabilities."

Pascal Nizri, Chekk's Co-founder & CEO, commented on the partnership’s potential and stated, “Our partnership with CredAble exemplifies our commitment to strengthening onboarding and risk mitigation for banks and FinTechs around the world. By connecting Chekk's next-generation Digital Identity, KYC & KYB solutions, and advanced corporate data sourcing capabilities, to CredAble's world-class working capital financing suite, we look forward to empowering financial institutions further with transformative client engagement and credit decisioning capabilities.”

From ensuring secure onboarding processes and reliable underwriting workflows, to enabling regional compliance requirements and global scalability, CredAble’s partnership with Chekk accelerates the shift to customer-centric solutions, DPI-enabled underwriting, and end-to-end digital banking journeys.