Volopa deploys Onfido’s AI-powered KYC technology
Payments and foreign exchange fintech firm Volopa has selected Onfido identity verification technology to support growing demand for its new multi-currency prepaid cards. Volopa can securely scale its customer onboarding using Onfido’s AI-powered KYC solution.
Volopa operates consumer and corporate multi-currency prepaid card programs using its proprietary platform and offers businesses the ability to provide their own branded card programs which are powered by Volopa. Signing up for the card takes less than 5 minutes based on the new customer onboarding process developed with Onfido.
Onfido’s machine learning technology automates identity verification to enable quick, secure and scalable user onboarding. Customers wishing to sign up for the Volopa cards take a selfie and a photo of their identity document then Onfido’s technology checks that the identity document is genuine, compares facial similarity and cross references the identity against international watchlists.
“We’re proud to be supporting Volopa as they grow,” commented Husayn Kassai, CEO of Onfido. “Balancing security against scale is a challenge for many businesses, but our machine learning technology means we’re able to help Volopa deliver both. We’re excited by their vision of putting people in control of their transactions and look forward to developing our partnership with Volopa.”
Onfido recently made some additions to its senior leadership team to deliver strategic support as the identity verification provider expands into global territories.