Denis Kiselev, Co-Founder & CEO

SNAPSWAP

IN SHORT

Founded: 2015

Categories: Fintech, Regtech

THE CONCEPT

SnapSwap is a FinTech startup that offers a fully automated online and mobile onboarding solution for banks, insurance companies and the investment industry. Integrated in a mobile app or a website, Snaprove™ is a fully automated end-to-end process, available 24/7 at a fraction of the cost of manual onboarding. All products are fully compliant with all existing and upcoming regulations in Europe as SnapSwap has an EMI license in Luxembourg being passported to 28 European countries.

Snaprove™ provides businesses with advanced solutions that satisfy customer's expectations of seamless modern user experience and is compliant with current and upcoming regulations - PSD2, new AML directive, data privacy rules and others. Snaprove™ allows the verification of a customer's identity, collection of KYC data, performance of due diligence and to obtain a legally binding electronic signature. Snaprove™ increases customer retention and brings down the costs of onboarding.

Due to full automation banks and other businesses can now stay open for new customers 24/7 and allow a customer to complete initial onboarding in less than 6 minutes from their home or even on the go.

“Ambition? 

Redefine retail banking for millennials”

- Denis Kiselev, Co-Founder & CEO