FB pixel

Currency exchange deploys Selified’s facial verification technology

 

UK-based foreign currency exchange and payment service Currency Matters has deployed biometric facial verification from Selified to verify new customers worldwide and comply with anti-money laundering (AML) legislation.

Selified provides a one-stop solution for verifying people anywhere on any device via a selfie and images of their ID document and proof-of-address document. It uses AI to determine the identity document and then applies various validation processes to verify its authenticity.

“Our challenge was to improve their process efficiency for international customers and those not found on credit referencing databases,” explained Phil Sorrell, COO at Selified. “Selified has been designed to accommodate everyday user behaviours and gives accurate results without requiring complex integration or onerous monthly commitments.”

Article Topics

 |   |   | 

Latest Biometrics News

 

CISA, FLETC failed to protect law enforcement officers’ PII, other data

Two important arms of the U.S. Department of Homeland Security (DHS) failed to protect personally identifiable information (PII) and sensitive…

 

Digital Identity as a vehicle for financial inclusion

By Lance Fanaroff iiDENTIFii co-founder Across the world, governments and companies are looking for vehicles for financial inclusion. From banking…

 

Facial recognition and AI monitoring deployed in India’s largest railway network

India’s rail networks are adding AI and facial recognition systems to their stations, part of a growing biometrics and surveillance…

 

Biometrics investors pursue scale, sustainability balance

Budgets for biometrics and government digital ID programs made up the main theme of the most-read news items on Biometric…

 

New FaceTec CLO among avalanche of appointments in biometrics and fraud protection

New executives have been named by biometrics providers FaceTec, Pindrop and Fingerprint Cards, along with C-level appointments by Prove and…

 

Indonesia issues call for World Bank-backed digital identification project

Indonesia is looking for a company providing consulting services as a part of its upcoming digital transformation project backed by…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events