Why Financial Service Providers Should Embed ID Protection via Iris’ API Suite

Estimated Reading Time: 3 Minutes

In today's digital-first financial landscape, trust is the cornerstone of every customer relationship. Whether you're a cutting-edge fintech startup or an established financial institution, your customers entrust you with their most sensitive financial data and transactions.

With cyber threats evolving rapidly and identity theft becoming increasingly sophisticated, consumer expect more than just secure transactions — they want holistic identity protection integrated seamlessly into their financial services experience.

Delivering these advanced security features without disrupting the user experience or requiring customers to manage multiple separate platforms has historically been challenging.

With Iris^® Powered by Generali's Identity Protection API Suite, financial service providers can embed comprehensive identity protection seamlessly into their existing platforms, creating a unified security ecosystem that customers trust and value.

Read on to learn how Iris makes it easy for financial service providers to integrate identity protection directly into their existing financial products, making it not just beneficial, but essential for competitive differentiation.

Key Takeaways

• 63% of consumers prefer to get identity protection from their bank or credit card provider, making financial institutions ideally positioned for this offering.
  
  
• Embedding identity protection tools directly into financial apps enhances customer loyalty and increases lifetime value.
  
  
• Iris' API solutions enable seamless integration of key identity protection solutions, including credit monitoring, fraud alerts, and specialized financial protection features.

Fintech and Financial Institutions

Modern companies operating in the financial services world are well-suited to the Iris Identity Protection API Suite.

You might be with a true fintech company – whether focused on budgeting, investing, peer-to-peer payments, or another aspect of finances.

Or you might be at a financial institution such as a bank or credit union, credit card operator, or lender. In fact, 63% of consumers say they’d prefer to get their identity protection from their bank or credit card provider.

Integrate Tools Directly into Your Financial Apps

As a flexible integration platform, Iris makes it easy to embed identity theft protection and household cybersecurity tools inside your own product.

For example, you could:

• Present customers with credit monitoring (including alerts, scores, and reports) inside your own interface
  
  
• Show customers their latest “risk report,” indicating new alerts generated within a time frame of your choosing
  
  
• Detect valuable features not yet activated – and nudge customers to try them out

Round Out Financial Fraud Monitoring with Specialty Alerts

While we know you might be focused primarily on common services like credit or dark web monitoring, Iris also lets you offer more specialized alert types through your experience.

Our advanced monitoring options include High-Risk Transaction Monitoring, Social Media Monitoring, and more.

Explore the 3x Award-Winning Iris Identity Protection API Suite

As you consider what exactly you’d like to offer your customers and which elements are most important to you, the Iris API Suite may or may not be the right user experience option for your business.

That’s where our team comes in. If you have questions about what can be done with the Iris API Suite or would like more details about the platform, get in touch today. We want to hear what you have in mind!

Ready to deliver more than financial services?

Contact us to learn how Iris’ Identity Protection API Suite can help your business deliver seamless, integrated identity and personal cyber protection.

Let's Get Started