Too Long; Didn't Read
Approximately 149 million Americans don’t think companies do enough to safeguard their information. 70% of Americans suspect companies collect data without their permission. 90% support new privacy regulations at the state and/or federal level. Fintech firms face a competitive market to drive revenue by smoothly onboarding legitimate customers with a secure and frictionless journey. The challenge is to collect the data necessary to stay compliant, foster consumer trust and keep friction at a minimum. The key point is to do more with less, to only request what information is needed, when it's needed.