Recommendations

Which is the best Product Recommendations engine for Magento, Shopify, and BigCommerce eCommerce?

Shane

April 1, 2023

Min read

The Evolution of KYC

KYC is a fundamental regulatory requirement aimed at preventing money laundering, fraud, and identity theft. Historically, KYC involved manual verification processes that required customers to submit physical documents, leading to delays and potential errors. The advent of digital KYC has transformed this space, enabling faster, more accurate, and seamless verification processes.

Image courtesy of Vlada Karpovich via Pexels

Vision and Approach

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

Key Features of Digital KYC Solution

AI-Driven Verification
Neokred uses sophisticated AI algorithms to verify customer identities in real-time. By analyzing patterns and detecting anomalies, AI ensures that only genuine documents are accepted, significantly reducing the risk of fraud.
Seamless User Experience
The platform is designed with the end-user in mind, offering an intuitive interface that guides customers through the verification process effortlessly. Users can upload documents, capture selfies, and complete verification steps from the comfort of their homes.
Blockchain Security
Blockchain technology enhances the security of KYC data by creating an immutable ledger that is resistant to tampering. This ensures that customer data is protected and can be audited with transparency.

Success Stories

Conclusion

Digital KYC solution represents a significant leap forward in the way businesses approach identity verification. By harnessing the power of AI, blockchain, and seamless integration, not only simplifies the KYC process but also enhances security and compliance. For businesses looking to stay ahead in a competitive market, embracing innovation could be the key to unlocking greater efficiency, cost savings, and customer satisfaction.

IN THIS ARTICLE

Example H2

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A visitor stepping into a brick and mortar store is greeted by the salesperson, and they are always available to recommend the best selling, new arrivals, or popular products at the store. Dynamic "Product Recommendations" in an eCommerce store tries to replicate the same visitor experience in an online store.

Product Recommendations are known to drive 35% of the revenue at Amazon.com and hence online visitors tend to expect the same online experience from other stores.

Considering this high potential, the placement of product recommendations has to be at the appropriate locations for the best results. For example, “Similar Products” is relevant only at the product detail pages. Displaying ‘Similar Products / Also viewed” recommendations at the home page will be inappropriate.

Below is the list of Product Recommendation types and its preferred location at an online store

Home Page - Bestsellers / Most Popular / Personalized Recommendations
Products page - Similar Products / Viewed Also viewed
Checkout page - 'Complete the Look' / Frequently bought together
Product category and listing pages - Bestsellers/New Arrivals specific to the category

Online retailers need to considers many factors such as features, performance, pricing, on-boarding, support, etc before selecting a vendor to serve their online product recommendation needs. Below is a comparison of various Product Recommendation providers and their features.

Comparison of various Product Recommendation providers and their features*

	Tagalys	Klevu	Nextopia	SearchSpring	Attraqt	UNBXD
Similar Products	✓	✓	**	✓	✓	✓
Smart Widgets (Store)	✓	✓	**	**	✓	**
Smart Widgets (Blog)	✓	**	**	x	**	**
Smart Widgets (Email)	✓	**	**	x	**	**
Best Sellers / Most Popular / Top Discounts	✓	✓	✓	✓	✓	✓
Cart Page Widgets	✓	**	**	**	**	**
Customers also Bought	✓	✓	**	✓	✓	✓
Customers also Viewed	✓	✓	**	✓	✓	✓
Recently Viewed	✓	✓	**	✓	✓	✓

Tagalys

Rated 4.8/5.0 at G2, Tagalys also provides value-based pricing to its customers. This means the more the visitors load recommendations the lesser you pay at Tagalys compared to the rest, as we price based on visitors & not hits. Also, Tagalys provides excellent service in terms of onboarding & customer support that has been rated almost 10/10 across all reviews. Value-based pricing, with excellent conversion, increases customer ROI.

So what are you waiting for?

Book a demo and start your 28-day free trial today!

Other solutions from Tagalys include ‘Product Listing Page Merchandising’ and eCommerce Site Search. The data-driven features have helped online retailers increase conversion, automate merchandising, increasing their productivity by over 60% and quashing human errors.

Check out our G2 Reviews to know why eCommerce retailers around the world love Tagalys.