Identity verification specialist Onfido is preparing to share some expert insights with an upcoming webinar event. Entitled “5 identity fraud predictions for 2020”, the hour-long webinar is slated for Thursday, November 14th starting at 2:30pm GMT. The webinar follows the publication of Onfido’s 2019 Global Fraud Index, in which the company’s analysis concluded that an…
All eyes are on Las Vegas this week as the biometrics and identity industries converge on Money20/20 USA, the world’s premier financial services and FinTech conference. The financial vertical has long been the front line for the rapid evolution of biometrics, and every year Money20/20 serves as the gathering place where identity industry professionals show…
FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Monday, FindBiometrics VP of Digital Content Susan Stover caught up with Husayn Kassai, CEO and Co-founder, Onfido. The live interview begins on the topic of Onfido’s…
Onfido has become the latest member of the Dwolla Partner Ecosystem. The two companies have teamed up to offer Onfido’s selfie-based identity verification services to Dwolla customers, who will be able to deploy the technology for secure onboarding and authentication. Dwolla is an Iowa-based money movement specialist that helps other companies connect to the Automated…
Onfido’s document analysts have put together the company’s inaugural Global Fraud Index, which estimates that online identity fraud costs the economy a whopping $5 trillion every single year. Only one percent of that $5 trillion is ever recovered by authorities, making identity fraud one of the most pressing issues facing the financial industry. “Identity theft…
Biometric technology has advanced by leaps and bounds over the past couple of decades, delivering transformational change across a number of industries. Financial services definitely stands among those sectors most strongly impacted by this shift. This is owed not just to the significant advances we have seen in biometric technologies themselves, but also to the…
The rise of the smartphone has been transformative in a number of profound ways. Just as pedestrians in the early 20th century couldn’t have imagined the preponderance of cars that would soon clog their streets, in the 21st century we’ve moved from landlines and answering machines to a smartphone in every pocket (not to mention…
The biometrics industry spans across a wide range of technologies and sectors, and this week’s roundup of FindBiometrics’ top news stories runs the gamut. First up is news about an extra-early round of funding for India-based digital identity startup Syntizen Technologies. The company didn’t disclose how much money it brought in through the funding round,…
Onfido will be providing secure identity verification for the blockchain e-voting company Agora. Through the new partnership, citizens will be asked to provide a selfie and an official government ID when using the Agora app or a dedicated voting machine. Onfido’s technology will then compare the selfie to the photo on that ID, only allowing…
Onfido is boasting about a stellar year after posting a 171 percent year-over-year growth in sales for the second quarter. The company credited the strong growth to a number of different factors, including a series of new customers and strategic partners. “Our core identity verification business is continuing to meet and exceed the market need…
“Our vision for a decentralized future, self-sovereign identity, data and payment, facilitated by blockchain technology, works well with the identity verification services Onfido offers.” – Alastair Johnson, CEO, Nuggets Nuggets, the provider of a blockchain-based digital identity and payments platform, has embraced Onfido‘s selfie-based approach to customer authentication. The latter’s approach to identity verification revolves…
There’s always plenty of variety in the world of biometrics news, but this week’s crop of FindBiometrics’ most popular articles really runs the gamut across a number of fields. First of all, there’s the perennial issue of strong online authentication. The news that GitHub – perhaps the world’s most popular ‘code repository’ for web development…
Onfido has been given Frost & Sullivan’s 2019 European Technology Innovation Award. The award is one of several Frost & Sullivan Best Practices awards handed out to regional and global companies in a number of different fields, including customer service and strategic product development. The European Technology award specifically recognizes products with innovative features that…
Onfido is testing a portable identity solution in conjunction with a group of FinTech partners that includes Monese, Seedrs, Curve, and B-Social. The regulatory sandbox test is being carried out in Britain as part of an FCA program that gives businesses the opportunity to pilot new ideas with real consumers. The FCA is the UK’s…
Onfido is teaming up with Civic to provide secure customer onboarding for the latter’s upcoming cryptocurrency wallet. The blockchain-based Civic Wallet will allow users to store and trade cryptocurrencies without sharing any superfluous personal information, providing account access through a private key that will be stored on the user’s mobile device. Onfido will make it…
The growing trend toward digital onboarding is fueling considerable growth in a burgeoning digital identity and document verification market, according to a new report from Goode Intelligence. Looking at a forecast period between 2019 and 2024, the report predicts that this market will grow from about 518 million identity checks in 2019 to more than…
This week saw one of the industry’s most important events in Money20/20 Europe, with biometrics and other authentication technologies playing an ever-growing role in the world of financial services. And it seems that a lot of people didn’t have time to do much reading: The most popular posts on FindBiometrics this week were all interviews.…
![Money20/20 Europe: Onfido CEO Husayn Kassai on Sophisticated Selfie Biometrics [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/m2020eu19-Onfido2-620x350.png)
Over the last couple of years, selfie-based authentication has become popular in a big way, with a growing number of organizations embracing this biometric technology for customer onboarding and authentication. And one of the solutions providers that has benefitted most from this trend is Onfido. The company has enjoyed a rapid ascent, exemplified by recent…
Onfido and Berbix are partnering with Checkr to create an all-in-one background check and identity verification platform. The new solution is called Checkr Connect IDV, and it will blend Onfido’s selfie authentication tech with Berbix’s photo ID verification tech to match a face to an ID and confirm the identities of candidates during the hiring…