“…Onfido’s incorporation of document reading and its 2D face scanning system’s wide-ranging compatibility could enable IDEMIA to better meet the financial services sector’s growing KYC and AML needs.”
IDEMIA is enhancing its selfie-based authentication offerings through a new partnership with Onfido.
The latter has established itself over the past several months as a leading provider of selfie authentication technology in the cryptocurrency market in particular. Reflecting a growing trend in mobile authentication, Onfido offers clients a solution that combines facial recognition with document reading: An end user needs only to upload a selfie and images of official identity documents, and the system will automatically match them together to confirm the user’s identity.
IDEMIA is of course no stranger to biometric authentication, and the company announced a new 3D facial recognition system for mobile devices last September. But Onfido’s incorporation of document reading and its 2D face scanning system’s wide-ranging compatibility could enable IDEMIA to better meet the financial services sector’s growing KYC and AML needs.
Indeed, in announcing the partnership, IDEMIA emphasized these and other anti-fraud opportunities in the financial services market, and framed Onfido’s solutions as a complement to its “Augmented Identity Hub” platform.
The partnership will also help Onfido to better reach such market opportunities, of course, with the company’s co-founder and CEO Husayn Kassai commenting, “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.”
January 29, 2019 – by Alex Perala