From: RegTech Analyst
Banking platform Curve has partnered with Onfido, the global identity verification and authentication company, to speed up its client onboarding compliance processes.
The integration of Onfido’s AI-powered ID verification service will enable Curve customers to sign up by simply taking a photo of their government-issued identity document and selfie.
“Partnering with Onfido removes friction from the onboarding experience for Curve customers enabling them to seamlessly open a safe and secure Curve account in just a few quick and easy steps,” said Matt Collinge, chief product and technology officer at Curve. “Onfido’s interface and system is easy to navigate, drawing from a vast database that verifies identity in double quick time, and their portal quickly reports decision outcomes for ID doc and selfie and other KYC processes which have improved the sign up experience for our customers in line with our core compliance objectives.”
Husayn Kassai, CEO and co-founder at Onfido, added, “As a personal user of Curve myself, I’m a big fan of the product. We’re very pleased to be supporting Curve as it continues its mission to free people’s finances and move banking to the cloud.
“We bring trust to digital interactions worldwide, and are delighted to partner with a company that shares our goal of making digital access simple and secure. Because our machine learning models continuously learn to identify new fraud trends, we can enable Curve to onboard more users quickly without compromising on their fraud requirements. This helps build user trust and safety online while meeting KYC and AML regulations.”
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