b-sharpe integrates Onfido facial biometrics for seamless customer onboarding
Swiss online currency exchange platform b-sharpe has partnered with Onfido to deliver an optimized, seamless biometric identity verification experience for its users during the sign up process, the company announced in a press release.
“We decided to go with Onfido as we needed a powerful ID validation solution to reinforce our mobile-first strategy and customer-centric digital service platform,” said Jean-Marc Sabet, CEO and founder of b-sharpe. “Onfido’s AI-powered service not only speeds up our customer onboarding but provides a seamless branded experience for our customers that results in increased conversion rates for our business.”
Under the partnership, b-sharpe integrates Onfido’s AI-powered identity verification technology to speed up customer onboarding and ensure financial compliance. This integration allows customers to easily sign up, confirm identity though biometrics and register on the platform in 10 minutes and have an active account in under 24 hours, the company says. The process involves taking a selfie and a photo of their government ID which will be checked for authenticity by Onfido’s facial recognition.
“In today’s digital age, consumers increasingly appreciate access to transparent currency exchange rates for their global money transactions,” said Husayn Kassai, CEO and co-founder at Onfido. “We understand this challenge and it is why we are excited to partner with b-sharpe, to deliver a frictionless experience to their users, while maintaining financial compliance.”
b-sharpe claims to have so far processed transactions worth over 1 billion Swiss Francs (over US$1 billion).
Facial biometric technology from Onfido was last month integrated by eCommerce company Dwolla to verify identity during user onboarding and prevent fraud. Onfido can currently check over 4,500 types of documents from 195 countries, and claims its identity verification technology is used by over 1,500 companies.