• 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 to Provide Biometric Onboarding Services to DSBC Financial

October 28, 2020

Lithuanian identity verification expert iDenfy has announced a partnership with DSBC Financial Group that will see it provide its remote authentication services to help the financial services provider with onboarding, Know Your Customer (KYC) and Anti Money Laundering (AML) compliance, and to protect its customers from advanced phishing and fraud attacks.

iDenfy to Provide Biometric Onboarding Services to DSBC Financial

iDenfy combines artificial intelligence and machine learning with facial recognition and liveness detection to allow for safe and secure remote identity verification.

Due to the COVID-19 pandemic and the lockdown measures that it has resulted in, the number of people going online for their day-to-day transactions has risen dramatically. Unsurprisingly, this has led to a sharp growth in hacking attempts and cybercrime in general, which has increased the need for reliable remote identity verification solutions.

“The days of the traditional banking and payment practices are getting over,” said DSBC Financial Group CEO Le Hung Anh. “Our clients can now experience a fast, convenient, and secure onboarding process with our new technology. The partnership between DSBC Financial Europe and iDenfy will create more values for our community and facilitate businesses to thrive remarkably.”

In addition to providing biometrics-based remote onboarding for DSBC, the iDenfy partnership will also help with KYC and AML compliance; something that is also of greater importance during a time when financial services providers are meeting fewer of their customers face-to-face.

“Our remote identity verification service is an optimum solution to mitigate identity-related frauds and improve overall productivity and time efficiency,” said iDenfy CEO Domantas Ciulde. “We are sure that with our advanced solutions will help DSBC Financial Group onboard only the legitimate customers to their platform.”

–

October 27, 2020 – by Tony Bitzionis

Related News

  • Paynovate Gets Onboarding Technology From iDenfyPaynovate Gets Onboarding Technology From iDenfy
  • Shufti Pro to Provide Biometric Onboarding Tech for OpalShufti Pro to Provide Biometric Onboarding Tech for Opal
  • Yoti Encourages Younger Industries to Take Proactive Steps to Guarantee KYC and AML ComplianceYoti Encourages Younger Industries to Take Proactive Steps to Guarantee KYC and AML Compliance
  • Biometric ID Verification Solution Aims to Help Immigrants with Their Credit ScoresBiometric ID Verification Solution Aims to Help Immigrants with Their Credit Scores
  • Veriff Improves Performance of Face Match Authentication ServiceVeriff Improves Performance of Face Match Authentication Service
  • REPLAY: FindBiometrics and IBIA Present the Year in Review Virtual Identity SummitREPLAY: FindBiometrics and IBIA Present the Year in Review Virtual Identity Summit

Filed Under: News Tagged With: AML compliance, AML regulations., Anti-Money Laundering, artificial intelligence, Biometric, biometric authentication, biometrics, COVID-19, face biometrics, financial services biometrics, identity verification, know your customer, KYC compliance, KYC regulations, machine learning, remote onboarding

Primary Sidebar

Join Us For Our Next Virtual Event:

Travel & Hospitality Biometrics Online Summit
Register now!

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

cmitech logo

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

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

  • New FAST Survey Will Measure Compensation of Security Industry Professionals
  • French Senators Put Forward New Facial Recognition Guidelines
  • Miami Airport to See US’s Largest-ever Biometric Boarding Deployment
  • Former SITA Exec Returns to Lead Americas Division
  • Mastercard Launches Biometric Checkout Program

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