IDEMIA to partner with ONFIDO to streamline Digital Identity Verification and Customer Onboarding for Financial Institutions
IDEMIA, the global leader in Augmented Identity, today announced a partnership with ONFIDO, a global leader in Identity Verification, to enhance Digital Identity Verification and Customer Onboarding for Financial Institutions.
Financial institutions have a strong requirement to verify identities when providing trusted services to clients and to comply with regulations (Know Your Customer, Anti-Money Laundering…), but also to fight against fast-growing identity fraud.
Worldwide leader in biometrics and ID document issuance, IDEMIA has joined forces with Onfido to further enhance its Augmented Identity Hub.
Onfido brings its cutting edge expertise and experience in advanced technology including Artificial Intelligence, biometric facial recognition and machine learning.
Instead of driving customers to physical branches, the joint solution helps Financial Institutions to deliver a hassle-free online experience and, therefore, boost customer acquisition and improve operational efficiency. The solution enables to simply verify user’s ID and then ensures the person holding the ID is the same person, by comparing the identity document to a selfie.
With built-in global verification capabilities and local partnerships, IDEMIA’s Augmented Identity Hub enables remote and self-registration with high confidence in the applicant’s identity, through evidence validation, user verification and counter-fraud checks (Anti-Money Laundering, Politically Exposed Person…).
We are thrilled to join forces with ONFIDO in order to meet the requirements and needs of our financial institution customers in remote ID Proofing. ONFIDO is a perfect complement to the IDEMIA suite of solutions available to the financial market globally. It contributes to strengthen our position as the partner of choice of Financial Institutions for building security and trust in their digital transformation.
We are thrilled to announce our partnership with IDEMIA. The alignment of Onfido's identity verification and facial biometrics capabilities with IDEMIA's technology, coupled with their strong presence in Financial Services institutions will deliver unquestionable value for our mutual prospects and customers.
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