Onfido is a technology company that helps businesses verify people’s identities using a photo-based identity document, a selfie and artificial intelligence algorithms.
Onfido is a company that specializes in providing digital identity verification services. The company uses advanced technologies such as artificial intelligence, machine learning, and facial recognition to verify individuals’ identities online. Onfido’s solutions are commonly used by businesses and organizations in various industries, including financial services, healthcare, sharing economy, and more.
Onfido’s digital identity verification services include;
Document Verification: Onfido allows users to verify their identity by uploading images of their government-issued identification documents, such as passports or driver’s licenses. The technology checks the authenticity of the documents and extracts relevant information.
Facial Recognition: Onfido uses facial recognition technology to compare the photo on the uploaded document with a live selfie of the user. This helps ensure that the person presenting the document is the legitimate owner.
Biometric Analysis: Onfido’s technology analyzes various facial biometrics, such as liveness detection to ensure the presence of a live person during the verification process. This helps prevent the use of static images or videos for identity fraud.
Machine Learning: Onfido employs machine learning algorithms to continuously improve its verification processes. The system learns from new data and adapts to emerging patterns of fraud, making it more effective over time.
Compliance and Security: Onfido’s services are designed to comply with industry regulations and standards related to identity verification, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. The platform prioritizes security and data protection to ensure user privacy and prevent unauthorized access.
Businesses and organizations integrate Onfido’s solutions into their applications and platforms to streamline user onboarding processes, reduce fraud, and enhance the overall security of online transactions.
Onfido’s Compliance Suite introduces qualified electronic signature (QES) and One-time Password (OTP) alongside no-code compliance workflows to its Real Identity Platform. Businesses no longer have to daisy-chain niche, locally accredited services together, and can instead bring all their local and global compliance needs under one provider and control center so they can focus on unlocking growth across Europe while at the same time mitigating fraud.
The addition of QES and OTP to Onfido’s ETSI-certified identity verification, which includes award-winning AI for fraud prevention and global document coverage, enables businesses to customize their onboarding workflows based on local regulatory requirements, boost customer conversions, and keep bad actors out. The pan-EU offering has passed its conformity assessment board checks and will immediately benefit Onfido’s customers across core European markets, including the UK, France, Italy, and Romania, as well as aiding organizations expanding into those regions.