What is Signup+? How does it automate bank ID verification and streamline compliance? And how can it help you increase first-time deposits and customer lifetime value? Group Product Manager, Andre Reina, explains it all in under two minutes.

Transcript:

Hi, I'm Andre from TrueLayer. I'm going to tell you everything you need to know about Signup+ in just two minutes.

Let's start the clock!

Converting prospects into active, paying customers is everything, especially in competitive, regulated industries like iGaming and Financial Services.

But let's be honest: Traditional onboarding is a major headache.

There's too many lengthy forms, slow manual verification, and security worries can cause high drop off rates.

Studies show a massive 57% of potential customers abandon checkout before making their first deposit. And verification checks can take up to 72 hours. And most frustrating of all, the onboarding process is completely separate from the first deposit, multiplying the opportunities for customers to disappear. Not great, right?

That's why Truelayer created Signup+. The open banking powered solution that turns signups into customers in under sixty seconds. Even shorter than this video! Signup+ combines account creation with making a payment using our Pay by Bank technology.

Here's how simple it is: Customers select their bank, confirm their deposit, then securely authenticate via their banking app, using Face ID or fingerprint.

TrueLayer fetches their identity data to create a KYC compliant account.

Merchants using Signup+ are seeing some serious results, including: doubling their paid active users, a nearly 50% increase in first time deposits, and a 30% increase in average transaction value.

Signup+ plus tackles fraud and bonus abuse, removes costly manual processes and ensures that your compliance requirements are met all with bank backed security. Just look at StateMate, who doubled their paid active users and saw a 75% percent increase in average stake amount with Signup+.

And once onboarded, customers continue depositing effortlessly via Pay by Bank, enhancing engagement and driving higher lifetime value. Signup+ isn't just a product it's a strategic shift in your payment stack. It turns prospects into paying players. And along with Pay by Bank and Verified Payouts, TrueLayer offers a payment stack that puts cards in the past.

That's my time. Thanks for watching!

Find out more about Signup+ and how it can benefit your business.