Onfido is expanding its foothold in Eastern Europe after forming a new strategic partnership with Entify. Based in Estonia, Entify provides businesses with an automated Know Your Corporate Customer (KYCC) solution that verifies the documents and legal status of various entities and individuals. The platform eliminates the need to carry out manual checks of corporate…
“Ubisecure will be a key ally in expanding that reach even further and exploring new use cases, with their prominent and varied customer base.” – Husayn Kassai, CEO, Onfido Onfido‘s selfie-based authentication technology is being integrated into another platform thanks to a new partnership with Ubisecure. Based in Europe, the latter offers a Customer Identity…
Onfido has renewed (and expanded) its identity verification partnership with bunq, a mobile bank that operates out of the Netherlands. According to the terms of the new agreement, Onfido will continue to provide secure facial recognition technology for the mobile onboarding process, allowing users to create new accounts with a photo of their ID and…
Onfido and ForgeRock have joined forces to create a new Digital Access as a Service (DAaaS) platform to facilitate customer onboarding and authentication. The joint solution combines Onfido’s document and identity verification tech with ForgeRock’s CIAM platform. Onfido’s identity verification tech uses facial recognition to compare a selfie to a photo ID to ensure that…
Onfido is arguing that identity verification technology can help reduce misinformation and hate speech in online spaces. Company Co-Founder and CEO Husayn Kassai makes the case in a guest article for the Forbes Technology Council, suggesting that people would be more reticent to express hateful views if they knew that they could be traced back…
The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…
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…