• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Trust Stamp Provides Onboarding for Mobile Lending Platform

March 17, 2022

Trust Stamp is teaming up with VIVA Finance in an effort to help raise financial inclusion. VIVA is the developer of a mobile lending platform that screens applicants based on their employment history instead of a more traditional credit score.

Trust Stamp Provides Onboarding for Mobile Lending Platform

In doing so, VIVA is trying to ensure that people with weak credit histories are still able to participate in the modern financial ecosystem, and can gain access to tools that will allow them to grow their wealth. The company noted that the criteria for the existing credit check system are at once opaque and needlessly intrusive, and can unfairly punish people for past circumstances that do not accurately reflect their reliability or their current financial state.

The goal is to provide more people with safe and affordable credit alternatives to the predatory solutions that are often the only ones available to ‘thin file’ customers. On that front, Trust Stamp will provide secure identity verification technology to ensure that people are who they say they are, which will in turn help build a foundation of trust to facilitate lending agreements. The company’s platform confirms the authenticity of an identity document, and uses facial biometrics to match the image on that document to a selfie of the user during onboarding.

“VIVA’s work highlights the need for equitable services and greater consumer choice even in highly developed economies,” said Trust Stamp CCO Kinny Chan. “The integration of Trust Stamp’s secure solutions for establishing trust is an important factor in the multifaceted effort to empower all individuals with financial opportunity.”

“This partnership will allow us to prevent bad actors from utilizing our application in a way that does not adversely affect honest people who may have thin credit files or no prior credit history,” added VIVA CEO and Co-Founder Jack Markwalter.

The news comes shortly after the release of Trust Stamp’s new low-code integration platform, which makes the company’s identity technology easier to deploy. The company made its Nasdaq debut earlier in the year, and established a new subsidiary in Rwanda in 2021.

–

(Originally posted on Mobile ID World)

Related News

  • Trust Stamp Provides Digital Onboarding for letus Rental PlatformTrust Stamp Provides Digital Onboarding for letus Rental Platform
  • Report Suggests Onfido Customers Enjoy 261 Percent Return on Their InvestmentReport Suggests Onfido Customers Enjoy 261 Percent Return on Their Investment
  • Polish FinTech Turns to iDenfy for Biometric OnboardingPolish FinTech Turns to iDenfy for Biometric Onboarding
  • Onfido Provides Selfie Onboarding for Bank Millennium PolandOnfido Provides Selfie Onboarding for Bank Millennium Poland
  • Remittances Specialist Leverages Biometric Onboarding Via OnfidoRemittances Specialist Leverages Biometric Onboarding Via Onfido
  • NZ’s RBFC Turns to iDenfy for Biometric OnboardingNZ’s RBFC Turns to iDenfy for Biometric Onboarding

Filed Under: News Tagged With: Biometric, biometrics, document recognition, face biometrics, facial recognition, financial services biometrics, selfie biometrics, selfie onboarding, Trust Stamp, VIVA Finance

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out [NEW]

Identity School: Facial Recognition Cheat Sheet

REPLAY: Travel & Hospitality Virtual Identity Summit

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Design Win Marks FPC Sensors’ Evolution to Optical Under-Display Biometrics
  • Juniper Research Opens Nominations for ‘Fintech & Payments’ Disruptors
  • Pakistan to Use Biometrics in Real Estate Transactions
  • GAO Takes Government Agencies to Task for Lack of Oversight in Facial Recognition
  • UK Commissioner Surveys Police Use of Facial Recognition

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics