FinTech Magazine - November 2022 | Page 38

GOTYME BANK CORPORATION
These include Daon , the Digital Identity Trust company that helps businesses mitigate fraud , reduce friction , ensure regulatory compliance , and deliver a seamless customer experience . Daon enables clients to easily and accurately proof , verify , authenticate and secure customer identities at every trust point across the entire customer lifecycle . With industry-leading biometric authentication technologies at its core , Daon ’ s technology ensures customer identities are accurately verified , easily asserted and safely recovered .
Also working with GoTyme Bank is GDS Link and WSO2 , the former being a global leader in credit data and analytics , combining powerful artificial intelligence technology with credit and fraud risk management software and data . WSO2 , meanwhile , provides GoTyme Bank with API management , integration , and customer identity and access management ( CIAM ) services playing a key role in enabling the bank to deliver its multichannel offering and seamless customer experience across those channels .
“ As we grew from a startup , using WSO2 frameworks allowed us to focus more on building new customer experiences and less on integration and digital identity challenges . This is certainly something that could benefit many companies ,” says GoTyme Bank CTO Chris Bennett .
WSO2 handles more than 60 trillion transactions and manages over a billion identities each year through its services , provided by over 900 employees worldwide working from offices in Australia , Brazil , Germany , India , Sri Lanka , the UAE , the UK , and the US .
“ Both WSO2 and GoTyme Bank want our teams to focus on what they are best at ,” says Bennett . “ We share this in our cultures . Over time , we ’ ve moved to use more of WSO2 ’ s managed services so we can each concentrate on our best work for clients .”
People powering the process of financial inclusion in the Philippines GoTyme Bank will employ 362 bank ambassadors at 226 kiosk locations by year-end . Both Clarke and Tinio say that the eclectic mix of professionals will play a crucial role in bringing new financial services to an increasingly sophisticated customer base in the Philippines .
“ We come from a wide range of industries , and I think what brought us together is a genuine desire to build something – to build and leave a legacy ,” says Tinio . “ We come from banking , and there are also fintech people , there are FMCG people , there are telco people , there are logistics people , and all of these people are freely , organically sharing their experience and contributing to building a new service .”
Clarke agrees with this , emphasising that the new team is having fun working on the