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.”