Syncier is a Munich-based fintech platform company that provides cloud-based infrastructure and technology solutions to the asset management and insurance industries, helping firms digitize and streamline their operations.
Founded: 2018 | Employees: 230 | Mio in sales: 35 | With IDnow since: 2019
Identity Verification
Syncier AT A GLANCE
1000+
identity verifications per day
processed via API
Digital Insurance • Germany, EUROPE
Syncier accelerated digital insurance innovation with its API marketplace, giving insurers a central way to discover, integrate and govern internal and third‑party services. By simplifying onboarding and lifecycle management of APIs, Syncier improved transparency, control and cost oversight while enabling faster implementation of new digital processes.
Challenges.
Making insurers fit for the future.
The pressure for change brought about by digitization is also growing increasingly in the insurance industry. New, digital business models, changing user requirements, and the general shift towards fast and simple solutions are forcing new and established insurers alike to act. One important aspect of this is, for example, to process claims faster and more conveniently for customers.
Many service providers have recognized such business potential, and the market is literally flooded with API providers. Insurance companies are finding it increasingly difficult to maintain an overview of external – but also internal – API-based services and their performance. Intelligent API management has thus become one of the central challenges of digitization.
API management as a key factor in digitization.
Syncier, a spin-off of Allianz in partnership with Microsoft, has recognized and solved this problem. The Syncier marketplace provides digital services specifically relevant to the insurance industry. These services can then be integrated directly via API into the existing IT systems of insurance companies.
In this way, insurers benefit from complete transparency of the available services, whether they are third-party services or proprietary developments. Via the marketplace, the administration, approval, and analysis of the entire API landscape in the company’s own IT is possible, and centralized cost management is always available. In addition, Syncier offers a complete operations and infrastructure stack that complies with strict regulatory requirements.
“The more a company grows and gains notoriety like Staffmatch, the greater the need for process automation, in order to maintain operational excellence and facilitate the user journey for future temps.”
Stéphane Phouybanhdyt, Head of Marketing & Digital
The goal.
The goal is to facilitate the use and management of internal and external API services and thus to further advance the digitalization of the insurance industry.
Marketplace.
What the Syncier marketplace offers.
Match-Making: In the marketplace, insurance companies find the most innovative services of the InsureTech scene. Insurance companies benefit from pre-negotiated prices and contracts as well as from a quick implementation by simply subscribing to the services.
Scaling: Service providers can scale as required through visibility and direct availability within large insurance companies across departments and locations. They are supported by Syncier’s contract and billing management.
Governance: The Syncier Management Dashboard allows you to evaluate the quality and usage of your own and external services at any time.
Efficient identity verification for the insurance industry.
Innovative services from providers like IDnow help to build and improve digital business processes. By using external, already existing services, companies accelerate the modernization and provision of new digital assets – while they focus on their core business.
IDnow’s services can be integrated easily and efficiently into the company’s IT via the central Syncier Marketplace. Thus Syncier and IDnow together offer complete solutions for user-friendly identity verification for the insurance industry.
Companies retain full control over their IT through integrated identity and access management, a simple overview of consumption and billing, and comprehensive service lifecycle management – at the same time, IDnow AutoIdent enables straightforward, AI-based identity verification in consideration of KYC requirements.
“Thanks to IDnow’s service, which can be easily integrated via our marketplace, we were one of the first projects to automate the identification of more than 1,000 ID cards per day via API, thus further advancing the digitalization of the insurance industry,”
Anna Carina Häusler, Head of Product at Syncier
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