Ipsidy launches selfie biometric and government ID check customer KYC and onboarding service
The new Proof by Ipsidy offering allows customers to verify financial transactions, applications, enrollment and account opening processes, and onboarding of new customers, remote employees and students with government-issued credentials and facial recognition through their smartphones. The service satisfies know-your-customer (KYC) requirements with a two-step identity check completed in minutes through Ipsidy’s mobile app.
Identity documents information is extracted from a photo, and when available an NFC reader. The company says Proof by Ipsidy can read all ePassports, eIDs utilizing the ICAO 9303 standard, and many driver’s licenses and national ID cards issued by governments around the world. A “live selfie” is then captured and matched against the biometric data stored on government documents. Requesting parties can receive credential data, live and stored facial images, an ID image, a biometric match score, and a consent record.
“Everything starts with trusted identity,” says Ipsidy Inc. Chairman and CEO Philip Beck. “Our identity platform approach allows us to offer a suite of services that our customers can use to seamlessly create the foundation of trust for multiple use cases with a single user experience delivered through the Ipsidy mobile identity application.”
Financial institution software provider Datapro, an established Ipsidy partner, is the first organization to implement Proof by Ipsidy for its base of more than 160 customers, including Latin American banks, according to the announcement.
Proof by Ipsidy is offered from a secure online portal with no integration required.
Ipsidy’s Verified Portal was recently implemented by South African payments provider Safetrade Africa to biometrically verify vendor’s identities.