Zoot, a leading provider of digitalisation and automation solutions for Financial Services, today announced the successful launch of its new All-in-One solution for Merchant Onboarding and Merchant Monitoring. Zoot's plug-and-play platform's modular approach is also highly configurable and covers the entire application process: from data capture, including the integration of internal and external data sources, to efficient decision management, including complex rules and workflows. In addition, it contains the fully automated creation of contract documents and their execution by the applicant using "e-Signature” and an underwriting tool for manual review and post-processing. In the highly competitive and regulation-intensive payment industry, Zoot's platform significantly simplifies and shortens the onboarding process, delivering crucial advantages to providers.
The new and immediately deployable solution enables providers of both online and offline payment solutions to quickly accept and activate interested merchants through intelligent algorithms and the consideration of all relevant risk, fraud, and compliance factors. Faster onboarding generates revenue faster.
With Zoot's solution, payment service providers have all the necessary components of a reliable platform under their control. The low-code solution allows them to respond quickly to changing market conditions and make individual adjustments within minutes through drag-and-drop functionality. These adjustments can be made completely independent of the software provider. Zoot's solution saves time and money and increases flexibility compared to the competition.
Mischa Schmierer, VP Solutions and Services, comments: "Zoot offers unique 'ready-to-use' solutions that are very easy for our customers to configure and extend. We are pleased to see the added value our customers derive from our new solution and the customer feedback is fantastic! Especially in the payment industry, there are significant regulatory requirements and intense competition. Better processes can provide a decisive advantage."
Adam Jackson, Managing Director UK, comments: "Our solutions are highly modular, designed to evolve and to facilitate internationalisation. Through the low-code approach, we enable our customers to quickly configure each component themselves. Enabling rapid time-to-market is crucial for dependable, long-term success."
The new and immediately deployable solution enables providers of both online and offline payment solutions to quickly accept and activate interested merchants through intelligent algorithms and the consideration of all relevant risk, fraud, and compliance factors. Faster onboarding generates revenue faster.
With Zoot's solution, payment service providers have all the necessary components of a reliable platform under their control. The low-code solution allows them to respond quickly to changing market conditions and make individual adjustments within minutes through drag-and-drop functionality. These adjustments can be made completely independent of the software provider. Zoot's solution saves time and money and increases flexibility compared to the competition.
Mischa Schmierer, VP Solutions and Services, comments: "Zoot offers unique 'ready-to-use' solutions that are very easy for our customers to configure and extend. We are pleased to see the added value our customers derive from our new solution and the customer feedback is fantastic! Especially in the payment industry, there are significant regulatory requirements and intense competition. Better processes can provide a decisive advantage."
Adam Jackson, Managing Director UK, comments: "Our solutions are highly modular, designed to evolve and to facilitate internationalisation. Through the low-code approach, we enable our customers to quickly configure each component themselves. Enabling rapid time-to-market is crucial for dependable, long-term success."
