FB pixel

OneBanks integrates Trust Stamp face biometrics to improve financial service accessibility

OneBanks integrates Trust Stamp face biometrics to improve financial service accessibility

Fintech platform OneBanks is integrating Trust Stamp’s facial biometrics into its customer authentication systems to provide secure and low-friction banking experiences, according to a company announcement.

OneBanks is attempting to maximize the accessibility of its financial services, including to people most likely to be left behind by broad shift towards cashless transactions. Part of the way the fintech proposes to do this is by launching bank-agnostic kiosks to geographies removed from physical branches.

Trust Stamp, for its part has a focus on bringing digital identity tools to low-connectivity environments to deliver financial access to remote locations. The company also says its biometric identity solutions are privacy-preserving, and promote universal accessibility.

“If there’s one thing we’ve learnt in 2020 – it’s that we need people.  And we plan to do something really radical – by using new, advanced technology, we’re bringing banking back to people,” states OneBanks CEO Duncan Cockburn.

“Security and privacy protection were front of mind when we were developing our solution, but we knew we needed to combine that with a great customer experience. Trust Stamp have been able to provide us with that through their privacy protecting identity token. We’re delighted to be working with them as we launch our service in the UK.”

OneBanks uses custom APIs for customer risk assessment by integrating with the transaction risk tolerance system at each bank it interacts with. Trust Stamp will contribute its regulatory compliance and fraud prevention capabilities, the companies say.

“To successfully drive a digital-first future that fosters equitable financial access, FinTech companies and traditional banks need to work together to address the needs of all existing and potential users, regardless of their individual footholds in the evolving digital transformation,” Trust Stamp Chief Commercial Software Emma Lindley says. “Advanced banking tools that prioritise trust, security and privacy depend on accessibility to create a lasting impact in the future of finance.”

Related Posts

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Research

Biometrics White Papers

Biometrics Events

Explaining Biometrics