Software Alternatives, Accelerators & Startups

Signzy VS Teller API

Compare Signzy VS Teller API and see what are their differences

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Signzy logo Signzy

Signzy provides Digital Onboarding, identity verification, eSign & Contracting - Platforms & APIs to help businesses meet KYC, KYB AML regulations in Banking, Insurances, Financial services , Automobile, Payments, etc

Teller API logo Teller API

A single API to connect your app with any bank's account
  • Signzy Workflow builder
    Workflow builder //
    2024-04-19
  • Signzy User Screens
    User Screens //
    2024-04-19
  • Signzy Assisted Sales App
    Assisted Sales App //
    2024-04-19
  • Signzy
    Image date //
    2024-04-19

Signzy is a market-leading platform that is redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses - using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering totally customizable workflows. It gives these players access to an aggregated marketplace of 300+ bespoke APIs that can be easily added to any workflow with simple widgets. Signzy focuses in helping institutions to create digital journeys compliant with regulations which helps them increase customer conversions, prevent fraud, and reduce onboarding costs – all without adding unnecessary friction to genuine users.

Why Signzy ? - Signzy counts following as their customers India's Top 3 PSU Banks, Top 3 Private Banks, Top 3 NBFCs and close to 500+ other institutions. - One-stop solution for everything you need to meet your AML and KYC compliance obligations.

  • Teller API Landing page
    Landing page //
    2023-10-22

Signzy features and specs

  • Innovative Technology
    Signzy utilizes AI-driven solutions to enhance digital onboarding and compliance processes. This enables faster, more accurate financial transactions.
  • Comprehensive Compliance
    The platform offers robust compliance features that help financial institutions adhere to regulations, reducing the risk of legal issues.
  • Automation Efficiency
    Signzy automates many manual processes, saving time and reducing human error, which increases operational efficiency.
  • Scalability
    The platform supports scalability, allowing it to handle increased loads and expansions, making it suitable for growing businesses.
  • User-Friendly Interface
    Signzy provides an intuitive user interface that enhances user experience and reduces the learning curve for new users.

Possible disadvantages of Signzy

  • Customization Limitations
    While Signzy offers many features, there may be limitations on customization to fit specific needs for some organizations.
  • Integration Challenges
    Integrating Signzy with existing systems might require additional development effort, especially for complex infrastructures.
  • Dependency on Internet Connectivity
    As a digital platform, Signzy's functionality and performance rely heavily on stable internet connectivity.
  • Subscription Costs
    The cost of using Signzy’s services might be a concern for smaller organizations with limited budgets, even though it offers competitive pricing.
  • Support Availability
    While Signzy offers customer support, response times and availability may vary based on the user's location and subscription level.

Teller API features and specs

  • Real-Time Data Access
    Teller API provides real-time access to financial data, allowing businesses to retrieve up-to-date information on user accounts, transactions, and balances.
  • Comprehensive Coverage
    The API supports a wide range of financial institutions, providing comprehensive data coverage across different banks and financial services.
  • Ease of Integration
    Teller offers a well-documented API with developer-friendly tools and resources, which simplifies the integration process for developers.
  • Security
    Teller prioritizes security with features such as encrypted connections and secure data handling practices, which help protect sensitive financial information.
  • User-Centric Permissions
    Allows users to have control over what data is shared and with whom, ensuring that user consent is prioritized in data transactions.

Possible disadvantages of Teller API

  • Limited Geographic Coverage
    The API is predominantly focused on the US market, which might limit its utility for businesses operating in other regions.
  • Dependency on Financial Institutions
    The functionality of Teller API can be limited by the level of integration and cooperation with individual banks, which can affect data accuracy and availability.
  • Costs
    Depending on the scale of usage, the costs associated with using Teller API can be significant, particularly for small businesses or startups on tight budgets.
  • Implementation Complexity
    Although integration is designed to be straightforward, implementing the API effectively may require a certain level of technical expertise, which could be a barrier for some businesses.
  • Data Privacy Concerns
    Handling sensitive financial data always raises privacy concerns, and any breaches or misuse could have significant repercussions for both users and businesses.

Signzy videos

Accelerate to Innovate with Signzy’s digital infrastructure platform, powered by Microsoft Azure

More videos:

  • Review - Demo day pitch | Signzy | The Digital Banking Infrastructure
  • Review - How Signzy is making Transaction Safe for Users #Short 23

Teller API videos

No Teller API videos yet. You could help us improve this page by suggesting one.

Add video

Category Popularity

0-100% (relative to Signzy and Teller API)
APIs
100 100%
0% 0
Online Payments
0 0%
100% 100
Fintech
100 100%
0% 0
Recurring Billing
0 0%
100% 100

Questions and Answers

As answered by people managing Signzy and Teller API.

What makes your product unique?

Signzy's answer

  • Signzy counts following as their customers India's Top 3 PSU Banks, Top 3 Private Banks, Top 3 NBFCs and close to 500+ other institutions.
  • One-stop solution for everything you need to meet your AML and KYC compliance obligations.

User comments

Share your experience with using Signzy and Teller API. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Teller API seems to be more popular. It has been mentiond 12 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Signzy mentions (0)

We have not tracked any mentions of Signzy yet. Tracking of Signzy recommendations started around Apr 2024.

Teller API mentions (12)

  • Show HN: Wealthfolio: A Private, Open-Source Investment Tracker
    I have found https://teller.io to be really good for this. They are more affordable than Plaid too at the lower end of scale. - Source: Hacker News / 9 months ago
  • Do I have to consider Flutter App as any other web app like React or HTML? To consider the code can be viewed by users?
    However! A determined user can still do something like load the app on a phone in an Android or iOS simulator, then watch all outgoing API calls and basically reverse-engineer how things work. This is how Teller wrote their system -- they loaded up bank apps onto a simulator and basically reverse-engineered the API for the various banks. Source: over 2 years ago
  • Anyone aware of an SDK/service to connect to bank accounts and credit card transactions?
    I haven’t used it and I couldn’t find their pricing, but there is also Teller. https://teller.io. Source: almost 3 years ago
  • Update 1.5 for YNAB alternative OpenBudgeteer now available
    Have you considered integration with a free api to import transactions? Source: over 3 years ago
  • Launch HN: Realize (YC W22) – Integrate brokerage accounts into your site or app
    Congrats on the launch! I'm the CEO and co-founder of https://teller.io that uses private mobile banking APIs to provide access to bank accounts too, and you're right it's the way to go. We don't think regulation or OAuth based APIs will ever yield an improvement on this approach (explained why here - https://blog.teller.io/2021/06/21/our-mission.html) You're going to quickly find out that these API endpoints are... - Source: Hacker News / over 3 years ago
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What are some alternatives?

When comparing Signzy and Teller API, you can also consider the following products

Surepass.io - End-to-End user OnBoarding & Digital Identity Verification solutions for Enterprises | Digital KYC | Background Verification | Banking

ACH payments with Stripe - Accept bank payments with a few lines of code.

Business Banking APIs by Decentro - Perform any banking functions on top of corporate accounts

TrueLayer - Simple Bank APIs to access real-time financial data

Digitap Employment Verification Suite - An easy-to-use employment verification suite for banks, NBFCs, fintech, HRTech, HealthTech, Real estate agents etc.100% accurate BGV with data from Govt sources.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.