What digitify does

Digitify Ltd is a UK-domiciled private fintech company founded in 2016 that designs, develops, and deploys white-labeled digital banking, payment, and identity-verification infrastructure for financial institutions, fintechs, and government-backed banks. The company's product portfolio centers on two core platforms: DOB (Digital Open Banking), a core-agnostic, configurable digital payment solution supporting biometric onboarding, physical and digital card issuance, P2P payments, split-bill, multi-currency wallets, and an administrative back office; and ScanX, an AI-powered eKYC platform using OCR document scanning, liveness detection, face matching, spoofing prevention, and government-system integration for regulatory validation. These are complemented by Integration as a Service (IaaS) for legacy-to-cloud connectivity and Custom Solutions Development for bespoke deployments, with Figmenter (a Figma-to-code tool) shown as a newer auxiliary product.

Under the hood, the platform is cloud-native and built around OpenID Foundation-certified Financial-grade APIs (FAPI), aligned with PSD2 and Open Banking standards, and the company maintains GDPR and CCPA compliance across its operating jurisdictions. Digitify operates across five markets — UK (London/Slough), UAE (Dubai), Saudi Arabia (Riyadh), Pakistan (Lahore as primary operational office), and the United States — and serves named customers including Emirates Development Bank (EDB), Benefit, YAP, xplora, Aria Systems, and Vowpay.

Digitify generates revenue primarily through subscription/recurring licensing of DOB and ScanX (delivered as APIs and white-labeled SDKs), alongside professional services for custom integrations and multi-year enterprise contracts priced on a quote basis. Go-to-market is direct enterprise sales supported by 'Book a Demo' CTAs, content marketing, and event participation (notably Seamless Saudi Arabia 2024). The company is founder-led under CEO Abdul Wadood, has not disclosed external funding rounds, and operates with 51-100 employees.

Name

digitify

Legal name

Digitify Ltd

Website

https://digitify.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Digitify Ltd is a UK-domiciled fintech that builds white-labeled digital banking (DOB) and AI-powered eKYC (ScanX) platforms for financial institutions, fintechs, and government banks across the UK, UAE, Saudi Arabia, Pakistan, and the United States.

Ownership category

akta.pro rank

Product category

Digital Banking & Open Banking Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151)

SIC

Finance Services (6199)

akta.pro primary industry

Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB)

akta.pro secondary industries

Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

Keywords

• Digital banking platforms
• Open banking solutions
• AI-powered KYC
• Fintech software development
• Embedded finance technology

Headquarters

HQ city

Slough

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Digital Open Banking Solutions: White-labelled digital banking and payment solutions sold to financial institutions and fintechs, likely through licensing or subscription models with customization and deployment services.
2. ScanX Identity Verification: AI-powered KYC and identity verification services offered via SDK and API connectivity, enabling secure customer onboarding for financial institutions.
3. Custom Solutions Development: Tailored technology solutions built for specific financial institution needs, including system integration, compliance, and digital transformation services.
4. Integration as a Service: Ongoing integration services connecting financial systems with cloud platforms and third-party services, potentially subscription-based with scalable pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Digitify designs, develops, and deploys white-labelled digital banking and payment solutions (DOB), AI-powered eKYC identity verification (ScanX), and custom fintech software for financial institutions, fintechs, and government banks. The firm delivers end-to-end services spanning system integration, regulatory compliance (PSD2, Open Banking, PCI DSS, GDPR), and tailored application development for B2B clients worldwide.

Product overview

Digitify offers a portfolio of fintech products and services centered on digital financial transformation. Its two core products are DOB (Digital Open Banking), a white-labeled digital payment and open banking platform, and ScanX, an AI-powered eKYC and identity verification solution. These products are complemented by Integration as a Service (IaaS) for system connectivity, Custom Solutions Development for tailored financial institution needs, and Figmenter for design-to-code functionality. The company provides end-to-end services spanning design, development, and deployment of fintech solutions globally.

Differentiator

Problem solved

Functional benefit

Brands

• ScanX: AI-powered KYC and identity verification solution for seamless customer onboarding and compliance.
• DOB (Digital Open Banking)

Products and services

• DOB (Digital Open Banking) A white-labelled, core-agnostic, configurable digital payment and open banking platform for banks and fintechs. Includes customer onboarding, biometric access, physical and digital card issuance, peer-to-peer payments, split bill functionality, multi-currency support, and a back-office administrative portal for compliance and reporting.
• ScanX An AI-powered electronic Know Your Customer (eKYC) and identity verification platform enabling seamless digital onboarding. Provides OCR document scanning, liveness detection with face matching, spoofing prevention, biometric authentication, and government system integration for regulatory compliance validation. Offered via SDK and API connectivity.
• Figmenter A design-to-code tool that allows businesses to instantly convert Figma designs into working code, reducing development time and enhancing collaboration between design and development teams.
• Integration as a Service (IaaS) A cloud-based integration solution that connects enterprise systems, platforms, and data sources, simplifying communication between legacy and modern platforms. Ensures regulatory compliance (PCI DSS, GDPR), scales with business growth, and improves customer experience through real-time connectivity.
• Custom Solutions Development Tailored technology solutions designed and developed to meet the specific business needs of financial institutions. Includes seamless integration with existing systems, enhanced customer experience through personalization, and solutions built with security and compliance requirements in mind.

Quantifiable outcome

• Real-time biometric and document-based identity checks, reducing onboarding times from days to minutes
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and major.

• BenefitcoreTechnology or Integration · 1 October 2024Electronic Network For Financial Transactions (Benefit) - The first independent digital banking platform in the UAE, designed with innovative technology by Digitify to make banking easy and more accessible to consumers. Digitify developed the complete digital banking infrastructure.
• Emirates Development Bank (EDB)coreTechnology or IntegrationGovernment bank that allocated AED 30 billion for SMEs and startups. EDB and Digitify streamlined business banking, revolutionizing operations for the government financial institution.
• YAPmajorTechnology or IntegrationMobile banking app partner. Digitify collaborated to build the YAP mobile banking application, seamlessly integrating with partner bank and processor.
• xploramajorTechnology or IntegrationDigitify collaborated with xplora to build the xpay mobile banking app from scratch, seamlessly integrating it with xplora's partner bank and processor. Partnership focused on enabling digital banking capabilities.
• Aria SystemsmajorTechnology or IntegrationGlobal provider of cloud-native billing and monetization platforms. Digitify served as their technology partner, integrating and implementing Aria billing and subscription platforms across Europe.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Temenos: Temenos is a global banking software vendor offering core banking, digital channels, and compliance solutions to banks of all sizes. As a broader incumbent, it competes with Digitify's end-to-end banking modernization proposition at the upper end of the market.
• Thought Machine: Thought Machine is a cloud-native core banking platform serving tier-1 banks globally. It competes with Digitify in the broader digital banking infrastructure space, though it focuses on the core ledger rather than the white-label front-end stack.

Direct peers

• Mambu: Mambu provides a composable, cloud-native banking platform used by banks and fintechs to launch deposit, lending, and digital banking products. It is the closest direct peer to Digitify's DOB offering in terms of white-label, configurable digital banking infrastructure.
• Jumio: Jumio provides identity verification, eKYC, and AML compliance solutions to banks, fintechs, and enterprises globally. It competes head-to-head with ScanX in the digital onboarding and KYC segment.
• Marqeta: Marqeta provides card-issuing and payment-processing infrastructure APIs used by fintechs and digital banks. Its modern, API-first card issuance model is closely comparable to the physical and digital card features embedded in DOB.
• Onfido: Onfido delivers AI-powered identity verification and eKYC with document OCR, biometrics, and liveness detection for financial institutions — directly comparable to Digitify's ScanX product line.
• Backbase: Backbase offers a white-labeled digital banking platform (including onboarding, cards, and payments) sold to banks and credit unions. It directly overlaps with DOB's core-agnostic, white-labelled banking proposition.
• Salt Edge: Salt Edge offers open banking APIs for account aggregation, PSD2 compliance, and financial data connectivity — comparable to Digitify's FAPI-certified open banking API stack and integration layer.

Regional players

• Lean Technologies: Lean Technologies provides open banking and financial data infrastructure across MENA, enabling fintechs and banks to access account and payment data. It directly overlaps with Digitify's open banking API offering in the GCC region.
• Tarabut Gateway: Tarabut is the leading open banking platform in MENA, providing account aggregation and PSD2-style API connectivity across the GCC. It is a direct regional competitor to Digitify's open banking API proposition in Digitify's home market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/digitifylimited
• Facebookfacebook.com/digitify
• LinkedInlinkedin.com/company/digitify
• Instagraminstagram.com/digitifylimited/?hl=en

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about digitify