Onfido to provide biometric onboarding for financial inclusion blockchain network WORBLI
Blockchain network WORBLI has selected Onfido to provide it with machine learning-based identity verification technology to meet KYC and AML requirements while onboarding new users quickly and securely.
WORBLI leverages blockchain technology to provide enterprises and individuals with a broad range of services on its financial services network, with a focus on financial inclusion.
“Being a compliant financial framework, we require the highest standard. Onfido is incredibly diligent with all the data they deal with, and they’re big on GDPR and other regulations surrounding user data, which is vital for our requirements,” says Founder and CEO of WORBLI, Domenic Thomas. “Onfido uses machine learning and biometric technologies to mitigate the risks around customer onboarding, ensuring the most comprehensive identity verification possible.”
Onfido added Remitly as a client of its biometric selfie and document check service at the end of a run of new partners added this year, which led to its recognition as part of the 2018 UK Technology Fast 50.
“Almost 2 billion people – half of the world’s adult population – are un or under-banked,” notes Onfido Co-founder and CEO Husayn Kassai. “At Onfido, we believe that identity is the key to granting everyone access to the global economy. New technologies such as blockchain are offering innovative new approaches to this problem, and so we’re excited to be working with WORBLI as they build out their global network.”
IDEX Biometrics CEO Stan Swearingen recently wrote a guest post for Biometric Update on the role of biometric authentication in expanding financial inclusion.