• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

iDenfy Biometric Authentication Tech Helps PanPay Onboard European Users

November 5, 2020

PanPay is turning to iDenfy to make it easier for its English-speaking customers to do business with China-based entities. To that end, PanPay will replace its own identity verification solution with iDenfy’s offering for Europeans using the service to initiate financial transactions between China and the European Union.

iDenfy Biometric Authentication Tech Helps PanPay Onboard European Users

The problem, according to PanPay, is that its current solution creates too much friction for anyone who is not fluent in Chinese. Customers are asked to say a random number in Chinese during the identity verification process, which can prove to be prohibitively difficult for non-native speakers.

iDenfy’s solution, on the other hand, does not have any language requirement. The selfie-based solution uses face and document recognition to match a photo of the user to the image on a photo ID, with liveness detection to make sure that the person going through the onboarding process is indeed the rightful holder of the document. The solution is compatible with more than 1,300 documents from 200 different countries.

PanPay itself is an international financial technology firm that specializes in cross-border services like currency exchanges, multi-currency accounts, and global payments, all of which are popular with organizations that do a lot of business with China. The company serves both corporations and individual civilians, enabling transactions in both local and foreign currencies.

“We firmly believe that our advanced identity verification solutions will help PanPay provide their customers with a great experience when onboarding,” said iDenfy CEO Domantas Ciulde. “We will offer all the available identity verification solutions so that they can win the trust of more European e-commerce sellers and traders.”

PanPay is the third company to partner with iDenfy in the past few months. In August, iDenfy provided identity verification services for TalentClouds’ workforce management platform, and then agreed to do the same for the DSBC Financial Group at the tail end of October.

(Originally posted on Mobile ID World)

Related News

  • Deliveroo Using Facial Recognition to Clamp Down on Shared AccountsDeliveroo Using Facial Recognition to Clamp Down on Shared Accounts
  • Ipsidy Pushes Biometric Identity Tech to Combat COVID Unemployment FraudIpsidy Pushes Biometric Identity Tech to Combat COVID Unemployment Fraud
  • Onfido Provides Biometric Onboarding for FundOf Content Creation PlatformOnfido Provides Biometric Onboarding for FundOf Content Creation Platform
  • Russian Computer Vision Specialist to Enhance Document Capture on iDenfy’s Biometric PlatformRussian Computer Vision Specialist to Enhance Document Capture on iDenfy’s Biometric Platform
  • Socure Releases New Biometric Onboarding SolutionSocure Releases New Biometric Onboarding Solution
  • iDenfy Adds Video Liveness Check to Identity ToolkitiDenfy Adds Video Liveness Check to Identity Toolkit

Filed Under: News Tagged With: Biometric, biometrics, China, face biometrics, facial recognition, iDenfy, identity verification, PanPay, selfie authentication, selfie biometrics

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID Tech: America’s Most Murderous City Reverses Its Facial Recognition Ban [NEW]

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out

Identity School: Facial Recognition Cheat Sheet

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Authentication, Border Screening, Surveillance – Biometrics News Digest for August 10, 2022
  • IDEX and Reltime Collaborate On Crypto-focused Web3 Biometric Card
  • America’s Most Murderous City Reverses Its Facial Recognition Ban
  • Innovatrics’ DOT Enables Selfie-based Hotel Check-in
  • Ping to Go Private in $2.8 Billion Deal

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics