Blend and Prove Partner to Accelerate Digital Onboarding with Advanced ID Verification
Blend Labs (NYSE: BLND) has announced a strategic partnership with Prove Identity to enhance digital banking solutions through direct integration of Prove Pre-Fill® into Blend's Consumer Banking platform. The integration aims to streamline deposit account, credit card, and consumer loan applications.
The partnership offers key benefits including:
- Nearly 80% faster customer onboarding and verification
- Automated pre-population of application forms with verified identity information
- Reduced manual data entry and form abandonment
- Enhanced fraud prevention through mobile device authentication
- Improved data accuracy and security measures
The collaboration strengthens Blend's partner ecosystem, enabling financial institutions to deploy lending and deposit account opening solutions more efficiently while maintaining high security standards.
Blend Labs (NYSE: BLND) ha annunciato una partnership strategica con Prove Identity per migliorare le soluzioni di banking digitale attraverso l'integrazione diretta di Prove Pre-Fill® nella piattaforma di Consumer Banking di Blend. L'integrazione mira a semplificare le domande per conti di deposito, carte di credito e prestiti al consumo.
La partnership offre vantaggi chiave tra cui:
- Onboarding e verifica dei clienti quasi 80% più veloci
- Precompilazione automatica dei moduli di domanda con informazioni di identità verificate
- Riduzione dell'inserimento manuale dei dati e dell'abbandono dei moduli
- Prevenzione delle frodi migliorata tramite l'autenticazione del dispositivo mobile
- Miglioramento della precisione dei dati e delle misure di sicurezza
La collaborazione rafforza l'ecosistema di partner di Blend, consentendo alle istituzioni finanziarie di implementare soluzioni per prestiti e apertura di conti di deposito in modo più efficiente, mantenendo elevati standard di sicurezza.
Blend Labs (NYSE: BLND) ha anunciado una asociación estratégica con Prove Identity para mejorar las soluciones de banca digital a través de la integración directa de Prove Pre-Fill® en la plataforma de Banca de Consumo de Blend. La integración tiene como objetivo simplificar las solicitudes de cuentas de depósito, tarjetas de crédito y préstamos al consumidor.
La asociación ofrece beneficios clave que incluyen:
- Onboarding y verificación de clientes casi un 80% más rápidos
- Pre-población automática de formularios de solicitud con información de identidad verificada
- Reducción de la entrada manual de datos y el abandono de formularios
- Mejora de la prevención de fraudes a través de la autenticación del dispositivo móvil
- Mejoras en la precisión de los datos y las medidas de seguridad
La colaboración fortalece el ecosistema de socios de Blend, permitiendo a las instituciones financieras implementar soluciones de préstamos y apertura de cuentas de depósito de manera más eficiente, manteniendo altos estándares de seguridad.
Blend Labs (NYSE: BLND)는 Prove Identity와 전략적 파트너십을 체결하여 Blend의 소비자 뱅킹 플랫폼에 Prove Pre-Fill®을 직접 통합하여 디지털 뱅킹 솔루션을 강화한다고 발표했습니다. 이 통합은 예금 계좌, 신용 카드 및 소비자 대출 신청을 간소화하는 것을 목표로 합니다.
이 파트너십은 다음과 같은 주요 이점을 제공합니다:
- 고객 온보딩 및 검증이 거의 80% 더 빠름
- 검증된 신원 정보로 신청서 자동 채우기
- 수동 데이터 입력 및 양식 포기 감소
- 모바일 장치 인증을 통한 사기 방지 강화
- 데이터 정확성 및 보안 조치 개선
이번 협력은 Blend의 파트너 생태계를 강화하여 금융 기관이 높은 보안 기준을 유지하면서 대출 및 예금 계좌 개설 솔루션을 보다 효율적으로 배포할 수 있도록 합니다.
Blend Labs (NYSE: BLND) a annoncé un partenariat stratégique avec Prove Identity pour améliorer les solutions de banque numérique grâce à l'intégration directe de Prove Pre-Fill® dans la plateforme de banque de consommation de Blend. L'intégration vise à simplifier les demandes de comptes de dépôt, de cartes de crédit et de prêts à la consommation.
Ce partenariat offre des avantages clés, notamment :
- Un onboarding et une vérification des clients presque 80% plus rapides
- Pré-remplissage automatisé des formulaires de demande avec des informations d'identité vérifiées
- Réduction de la saisie manuelle des données et de l'abandon des formulaires
- Prévention améliorée des fraudes grâce à l'authentification des appareils mobiles
- Amélioration de la précision des données et des mesures de sécurité
Cette collaboration renforce l'écosystème de partenaires de Blend, permettant aux institutions financières de déployer des solutions de prêt et d'ouverture de comptes de dépôt de manière plus efficace tout en maintenant des normes de sécurité élevées.
Blend Labs (NYSE: BLND) hat eine strategische Partnerschaft mit Prove Identity angekündigt, um digitale Banklösungen durch die direkte Integration von Prove Pre-Fill® in die Consumer Banking-Plattform von Blend zu verbessern. Die Integration zielt darauf ab, Anträge für Einlagenkonten, Kreditkarten und Verbraucherkredite zu optimieren.
Die Partnerschaft bietet wichtige Vorteile, darunter:
- Fast 80% schnellere Kunden-Onboarding und -Verifizierung
- Automatisierte Vorbefüllung von Antragsformularen mit verifizierten Identitätsinformationen
- Reduzierung manueller Dateneingabe und Formularabbruch
- Verbesserte Betrugsprävention durch Authentifizierung mobiler Geräte
- Verbesserte Datenakkuratesse und Sicherheitsmaßnahmen
Die Zusammenarbeit stärkt das Partner-Ökosystem von Blend und ermöglicht es Finanzinstitutionen, Kredit- und Einlagenkontolösungen effizienter bereitzustellen, während sie hohe Sicherheitsstandards einhalten.
- Integration enables 80% faster customer onboarding and verification
- Expected increase in conversion rates through reduced form abandonment
- Enhanced fraud prevention capabilities
- Strengthened partner ecosystem for scalable banking solutions
- None.
Insights
Blend's strategic partnership with Prove Identity represents a meaningful enhancement to their consumer banking platform that could drive tangible business improvements. By integrating Prove's Pre-Fill solution, Blend addresses critical friction points in the digital onboarding process that typically cause application abandonment and revenue leakage.
This partnership directly targets key performance metrics that financial institutions prioritize: conversion rates, onboarding speed, and fraud reduction. The claim that onboarding can be accelerated by nearly
For Blend's business model, platform enhancements like this strengthen their value proposition to financial institution clients. The technology integration expands Blend's competitive moat by addressing both customer experience and risk management simultaneously – a critical combination for financial services software.
While no financial terms were disclosed, this partnership aligns perfectly with Blend's stated platform strategy. CEO Ghamsari's comments emphasize building an ecosystem where efficiency and security converge, suggesting this is part of a deliberate growth strategy rather than an isolated integration.
The embedded identity verification capabilities should resonate particularly well with Blend's target market as it adds sophisticated fraud prevention without requiring separate vendor relationships, simplifying procurement and implementation for banking clients.
Direct integration to improve borrower experience, reduce friction and drop-offs, and enhance data accuracy
This strategic partnership integrates the Prove Pre-Fill® solution directly into Blend’s Consumer Banking platform, driving efficiency across its deposit account, credit card, and consumer loan offerings. The Prove Pre-Fill® solution securely pre-populates application forms with verified identity information, reducing manual data entry for lenders and accelerating the onboarding process for consumers.
“In today’s world, consumers expect a fast, seamless, and secure banking experience," said Rich Rezek, Head of Banking Solutions at Prove. "Through our partnership with Blend, we’ve modernized the financial application process—making onboarding and verification streamlined and frictionless for consumers, banks, and lenders while reducing fraud. This collaboration is a step forward in building a more efficient, accurate, and trusted financial ecosystem.”
By consenting and authenticating via their mobile devices, Prove makes account takeover more difficult and costly for fraudsters—while ensuring a secure and seamless experience for legitimate Blend users.
Unlike traditional methods that rely solely on personal information, Prove ensures that the only way to pose as someone else is by having their physical phone in hand. Prove can pre-populate a Blend-powered application workflow with verified identity information. Instead of rekeying application information and introducing the potential for error, consumers can review, confirm, or edit data as needed. This results in less friction and reduced form abandonment during the application process.
Why This Partnership Matters
Blend’s integration of the Prove Pre-Fill® solution offers significant advantages to financial institutions using Blend’s digital banking platform. By utilizing the combination of Prove and Blend, lenders can:
- Increase Conversion Rates: Streamline the application process and reduce drop-offs, leading to a higher percentage of completed applications.
- Improve the Borrower Experience: Provide a faster, more efficient, and less cumbersome application process.
- Decrease Data Entry Errors: Minimize typos and other inaccuracies through automated pre-fill, ensuring data integrity.
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Accelerate Onboarding: Onboard and verify customers nearly
80% faster. - Provide a High Level of Assurance: The Prove Pre-Fill® solution ensures both the authenticity and accuracy of customer data, going beyond simple matching to verify identity, with applications across multiple industries.
- Decrease Fraudulent Account Openings: Common fraud methods, such as Synthetic Identity, burner phones, eSIM bots, and True Name Fraud are thwarted by Prove’s Global Policy.
Advantages of Blend’s Growing Partner Ecosystem: Speedy, Scalable Solutions
This integration with Prove further strengthens Blend’s robust partner ecosystem, empowering banks and lenders to streamline and accelerate the deployment of Blend’s suite of lending and deposit account opening solutions. By simplifying integrations with core systems, Blend reinforces its dedication to providing financial institutions with flexible, scalable technology that delivers long-term value.
“We're building a platform where efficiency, innovation, and security converge to create exceptional value for lenders,” said Nima Ghamsari, co-founder and head of Blend. “We’re proud to partner with leading providers like Prove to empower banks and lenders to continue innovating while supporting their communities. Ultimately, our mission is to continue making it easier for consumers to access financing."
To learn more about Blend’s integrations, visit blend.com/integrations.
About Prove Identity, Inc. (“Prove”)
Prove enables businesses to provide frictionless digital consumer experiences without compromising security. With Prove’s advanced identity verification and authentication platform and Prove Identity Network, trusted digital transactions are assured throughout the user journey. More than 1,000 businesses, including 10 of the top 10 U.S. banks, rely on Prove to mitigate fraud, boost revenue, improve customer acquisition, enhance cybersecurity, and eliminate costs of legacy identity verification solutions. Learn more at www.prove.com and follow us on LinkedIn.
About Blend Labs, Inc. (“Blend”)
Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
Source: Blend
FAQ
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