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…
Customer onboarding and KYC specialist AU10TIX has brought in $20 million in VC funding. The investment comes by way of Fund Oak HC/FT, and has been poured into ABC Technologies B.V., AU10TIX’s parent company. In announcing the funding, AU10TIX emphasized the growth in the identity and document verification market in which it specializes, suggesting that…
Fingerprint recognition is the biometric modality that is most often used in everyday life thanks to the prevalence of such sensors on contemporary smartphones, but it’s probably facial recognition that jumps to mind for most people when they think of biometric technology. It’s a modality that’s constantly in the news, thanks to sophisticated new consumer-facing…
Jumio has found another customer for its secure digital onboarding technology. The Filipino remittance provider I-Remit is deploying Jumio Identity Verification to safeguard its IREMITX digital channel, which allows I-Remit users to transfer money online without needing to pay a visit to a physical branch location. IREMITX is particularly popular with the 10 million Filipino…
Of all the biometric modalities, facial recognition has become one of the most widely used and discussed in recent years. That’s why November is Face Biometrics Month at FindBiometrics, in which we’ll be delivering in-depth articles and other special features dedicated to this technology. It’s a broad category though, with facial recognition deployed across a…
Biometrics News – Facial Recognition Jumio is once again preparing to add a new product to its award-winning identity verification portfolio. The company has announced the beta release of Jumio Go, a fully automated customer onboarding platform that will allow organizations to register new users without the need for a human review during the enrollment…
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 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…
“Veridas is a joint venture between BBVA and Das-Nano that was launched in 2017, and has developed an algorithm that achieved a top-three score in NIST testing.” BBVA is looking to expand the scope of its biometric onboarding program. BBVA was the first Spanish bank to enable digital enrollment, which is currently available in Mexico,…
The identity verification specialist Melissa is hoping to simplify the onboarding process with a new selfie-based Know Your Customer solution. Appropriately dubbed Melissa KYC, the mobile app combines document reading with liveness detection and facial biometrics to confirm the identities of new customers during registration. “Whether verifying an address or working to prevent online fraud, the business process…
Ipsidy is looking to solidify its foothold in Latin America through a new partnership with AS•NET, a Colombian company that provides transaction solutions for retail outlets, financial institutions, and other organizations in the region. AS•NET will be integrating Ipsidy’s Proof and Verified identity verification services into its own platform, and will also be offering both…
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 carsharing company HyreCar is launching a new mobile onboarding app for iOS and Android devices. The platform is built using Mitek identity verification technology and is designed to streamline the car rental and application process. “We’re committed to providing both trust and convenience with each digital transaction and are thrilled to be supporting HyreCar…
Money and security have always gone hand-in-hand — the more you have of the former, the more you need the latter. That’s part of the reason that biometrics has become such a hot topic in the world of financial technology in recent years. As financial services increasingly go digital, and money goes virtual, there’s a…
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…