Salmon & PSA Set To Integrate National ID eVerify Into Its Platform
The integration of National ID eVerify makes financial services more accessible, especially for those in remote areas or who have difficulty with traditional verification methods.
Traditionally, identity verification in the Philippines has involved physical documents and lengthy processes, often hindering access to financial services, especially for those in remote areas.
To address this, Salmon is enabling businesses to verify customer identities digitally through the integration of the National ID eVerify system. This makes the process faster, more secure, and more convenient.
The collaboration offers several benefits, including streamlined account opening and KYC compliance, expedited loan processing, enhanced fraud prevention, and greater financial inclusion.
Through digital identity verification, customers can open accounts and access financial services more easily, regardless of their location.
Raffy Montemayor, Co-Founder of Salmon and Chairman of the Rural Bank of Sta. Rosa (Laguna), Inc., emphasised the company’s dedication to improving financial access.
Raffy Montemayor
“We are committed to making identity verification more efficient and secure for our customers. Integrating PSA’s National ID eVerify removes unnecessary barriers, making financial services more accessible to everyone,” he said.
This partnership represents a significant step towards digital transformation in the Philippines’ financial sector. Salmon is contributing to a more inclusive and modern banking experience for Filipinos by promoting efficiency, security, and accessibility.
Salmon Group Ltd, with its subsidiaries, is a financial technology company that focuses on enhancing financial access across Southeast Asia. Global investors, including the International Finance Corporation (IFC) and the sovereign wealth fund of Abu Dhabi (ADQ), back the company.
