“We’re very pleased to be supporting Curve as it continues its mission to free people’s finances and move banking to the cloud.” – Husayn Kassai, CEO, Onfido
Curve has become the latest FinTech firm to sign up for Onfido‘s biometric onboarding solution.
Based in the UK, Curve offers a banking platform designed to integrate multiple disparate cards and accounts into a single app and card; the platform notably integrated support for Samsung Pay last autumn.
Now, the startup is going to use Onfido’s AI-driven identity verification solution to allow customers to remotely sign up. The biometric process simply asks end users to take a selfie as well as capture images of their official government-issued ID. The selfie is matched to the image on the identity document using facial recognition, allowing a new customer to be vetted and onboarded in under a minute.
Commenting on the partnership, Onfido CEO Husayn Kassai expressed his enthusiasm for the integration, saying he is a Curve user and “a big fan”. Kassai also highlighted the sophistication of Onfido’s solution and the benefits it will bring to the Curve platform and its users.
“Because our machine learning models continuously learn to identify new fraud trends, we can enable Curve to onboard more users quickly without compromising on their fraud requirements,” he said. “This helps build user trust and safety online while meeting KYC and AML regulations.”
The partnership offers the latest indication of a surge of interest in Onfido’s selfie onboarding technology, attributable at least in part to the COVID-19 pandemic and the attendant rise in the use of remote, digital services. Onfido reported year-over-year sales growth of 40 percent earlier this month, with a 264 percent spike in the United States.
(Originally posted on Mobile ID World)