FB pixel

Travel Money Club selects Onfido identity verification tech for customer onboarding

 

Onfido has partnered with Travel Money Club and will deploy its machine learning-based identity verification technology to enable Travel Money Club to offer its currency exchange service to more users as it continues to scale.

Travel Money Club offers currency exchange to its users via fully insured, next day delivery service and needed a fast and secure way to meet its compliance requirements. Onfido’s identity verification solution enables the currency exchange platform to meet its compliance requirements and fulfill next-day delivery by rapidly onboarding new users with automated KYC.

“Since partnering with Onfido, we’ve seen a significant increase in the number of people we’re able to securely verify and onboard, helping us scale,” commented Don Clark, Chairman of Travel Money Club. “And for our users, the process is seamless – most sail through without any impact on their experience.”

“Meeting compliance challenges without sacrificing on customer experience is a tough balance to strike, but one that’s increasingly important in our online world,” added Husayn Kassai, CEO of Onfido. “We look forward to working together as Travel Money Club continues to scale.”

Onfido has been adding to its senior leadership team as it expands into further global territories. The identity verification provider has received over $60M in funding from investors including M12, Salesforce Ventures and Idinvest Partners and carries out identity checks in 192 countries.

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