Mastercard is expanding the Engage platform, offering customers easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. SnapSwap is proud to become a partner of Mastercard to support digital onboarding and instant eKYC services.
SnapSwap’s relationship with Mastercard dates back to February 2018 when SnapSwap was selected to join the Mastercard Start Path Program, Mastercard's global FinTech accelerator. SnapSwap was the first company from Luxembourg ever invited to join this cohort of later-stage FinTechs and tech startups coming from all over the world. SnapSwap's primary product was Snaprove™, a digital onboarding solution allowing financial institutions and fintechs to verify a customers identity and perform KYC checks via a fully automated digital process online. This is how SnapSwap started its cooperation with one of the leaders in the global payments industry.
“We’re excited to bring SnapSwap’s digital onboarding technology and KYC solution on the Mastercard Engage platform to help customers deploy digital solutions quickly.”, said Denis Kiselev. "Our solution facilitates and streamlines the onboarding process while improving the overall user experience in full compliance with AML/KYC regulations."
The Mastercard Engage network includes partners that provide various components and integration capabilities across the Digital First customer journey to enable a frictionless payment experience. Mastercard’s Digital First solution enables partners to provide entirely digital card solutions for consumers.