SalaryDost chooses Onfido’s biometrics to verify identity, automate KYC
Onfido’s biometric identity verification technology has been chosen by India-based digital lending platform SalaryDost for real-time live video checks and Know Your Customer (KYC) automation, the company announced.
By integrating Onfido’s machine learning technology, SalaryDost ensures a seamless and frictionless user experience, according to the announcement. With their smartphone, users take a photo of their government ID which will be analyzed for authenticity. Once authenticity is confirmed, users take a live video selfie which is compared through biometric analysis to the ID. The KYC process is automated and secure, and instantly catches fraud and spoofing attempts.
SalaryDost was founded in March 2018. It uses credit scoring algorithms, customer profiling, and touchless workflows to optimize user experience.
“We are excited to be working with Onfido to leverage best in class intelligent technology to identify fraudulent attempts on our online loan applications,” said Mrityunjay Shahi, CEO and founder of SalaryDost, in a prepared statement. “We have been able to scale our risk processes by relying on a trusted partner like Onfido and look forward to scaling together with them in the future, offering customers a seamless online onboarding experience.”
“Businesses shouldn’t have to choose between a smooth digital journey and strong fraud protection, and we’re pleased to be helping SalaryDost achieve both,” said Husayn Kassai, CEO and Co-founder of Onfido, in a prepared statement. “We bring trust to digital interactions worldwide, and we’re excited to be partnering with an equally ambitious company. We pride ourselves on delivering an experience that’s as rapid as it is robust, automating the KYC process to provide fast and easy access.”