A UK FinTech startup is celebrating a big new funding round: Manchester-based Nivo brought in £2 million from GP Bullhound, the Angel CoFund, and EG Solutions CEO Elizabeth Gooch, and other investors. The startup only just launched in late 2018 as a spinoff from Barclays Bank, and specializes in secure instant messaging for financial services…
“With this new funding, we can protect more businesses, in more countries—and in more ways—from the effects of fraud,” – Husayn Kassai, CEO, Onfido Onfido has raised $50 million in its latest round of investor funding, led by SBI Investment and Salesforce Ventures. Other contributors to the round included M12 (formerly Microsoft Ventures), FinVC, and…
Having started up in 2012 as the brainchild of a few Oxford graduates, Onfido has in recent years established itself as a leading provider of biometric authentication technology. The company takes a selfie-based approach that has become particularly popular over the last couple of years, enabling identity verification with a combination of facial recognition and…
“Onfido brings innovative identity verification technology and a dedication to security that aligns with the FIDO Alliance’s mission to develop more secure and convenient solutions that reduce the world’s dependence on passwords.” – Brett McDowell, Executive Director, FIDO Alliance Onfido has joined the FIDO Alliance Board of Directors, adding another biometrics specialist to the authentication…
“Among the more specific topics to be addressed in the INTERPOL workshop will be the mechanical and digital printing techniques used to produce – and spoof – official identity documents, new security mechanisms, and 2D vs. 3D document checks.” Onfido is getting a high-profile opportunity to showcase its identification expertise. The company has announced that…
“To register for the platform, users need only to upload a facial image and pictures of official ID. Onfido’s system can then use facial recognition technology to confirm that the images match, verifying the user’s identity.” Onfido has another new client in the sharing economy market: 2nd Address, a kind of Airbnb for business professionals,…
Onfido has announced plans to open a new office in Paris as part of a larger growth effort in France. The news comes in the same week as Onfido’s announcement of a partnership with France-based identity solutions giant IDEMIA, with the latter seeking to enhance its portfolio of online authentication solutions with Onfido’s document verification…
“…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…
“Thanks to the partnership, BitPay will now process Bitcoin payments made to Onfido, while Onfido’s selfie-based authentication technology will be leveraged by BitPay for Know Your Customer purposes.” Having helped to bring so many into the cryptocurrency market, Onfido can now accept payments in Bitcoin, thanks to a new partnership. The company has teamed up…
“In order to streamline the customer onboarding process, the company will leverage Onfido’s remote authentication technology, which uses facial recognition and document reading to match an end user’s selfie image to the official identity documents they present.” Onfido‘s biometric and document reading technology has once again been embraced by a cryptocurrency specialist for customer onboarding.…
Onfido‘s mobile biometrics technology has just seen a high-profile new integration, supporting identity security on the popular crowdfunding platform Indiegogo. The platform is now using Onfido’s to help keep fraudsters off of the platform by prompting new users to upload images of their official identity documents as well as selfies. Onfido’s system is designed to…
Volopa has become the latest FinTech company to take advantage of Onfido‘s biometric and document reading technology for customer onboarding. Based in London, Volopa is the operator of multiple white label prepaid card programs in the European Economic Area, and also offers money transfer services through its platform. As such, it’s very much in line…
London-based remittance company TransferGo is taking advantage of selfie-based biometric customer enrollment, care of Onfido. Onfido’s solution will allow newcomers to the TransferGo platform to sign up simply by taking images of their official identity documents, and themselves. Onfido’s facial recognition technology is designed to compare and match the images, ensuring that the submitted IDs…
Onfido’s biometric ID verification solution is now being used to onboard customers of Bitstamp, a major cryptocurrency exchange. The Onfido solution is designed to let clients confirm the identities of their end users via tablets or smartphones. The system combines facial recognition and document reading capabilities to biometrically confirm that users are who they say…
Digital bank Arro Money is going with mobile biometrics for customer authentication, care of Onfido. Based in London, the latter has built an increasingly familiar system that combines facial recognition with identity document reading to enable remote ID verification using a smartphone or tablet. Arro, as a provider of digital personal and business accounts, is…