FB pixel

Onfido expands biometrics and AI fraud threat mitigation platform capabilities

Onfido expands biometrics and AI fraud threat mitigation platform capabilities
 

Onfido has added four new products to its biometrics and artificial intelligence (AI)-powered identity verification and authentication service known as the ‘Real Identity Platform,’ promising superior results and performance.

The update is comprised of the Onfido Verification Suite, Onfido Studio, Onfido Smart Capture, and Onfido Atlas AI.

The Verification Suite is a curated library of trusted data sources and identity verification services to offer a user experience tailored around specific fraud and regulatory use cases, compliance requirements, global needs, risk appetite, and business objectives. It is integrated into Onfido’s document and biometric identity verification solution and carries trusted data verification sources like a U.S. social security number and sanctions watchlist, and fraud detection verification through geolocation and phone verification among other options.

Studio is described as an orchestration software built around a no-code platform and analytics tools for businesses. Onfido says it optimizes customer onboarding and authentication in a simple drag and drop interface that can move around documents and biometric checks as part of workflows that address fluctuating market conditions like regulations and new geographies.

Smart Capture is a software development kit (SDK) to build a fraud prevention onboarding experience. It features near field communication (NFC) scanning, image quality enhancements, face detection, and document capture features such as barcode, MRZ and, edge detection. Additional fraud detection capabilities like device tampering and IP intelligence are also included. The company says Smart Capture delivers first-time pass rates above 90 percent and a 20 percent overall capture success rate.

And powering the Real Identity Platform is the Atlas AI. Onfido says it can process 95 percent of identity verification in less than 10 seconds and resulted in a year-over-year improvement in fraud accuracy by 54 percent. Using micromodels, training sets, and oversight from the UK’s Information Commissioner’s Office, the company says it minimizes face biometrics bias by reducing false acceptance rates to 0.01 percent.

Alex Valle, chief product officer of Onfido, says, “With the addition of multi-dimensional identity verification signals, organizations can now get a more holistic view of their customers and make faster, more informed decisions about which products or services to offer and when to offer them. By combining this with the flexibility of easily integrating identity verification at any point in the customer journey through drag-and-drop workflows, organizations can create the perfect user experience without compromising on fraud protection, all through a single API and best-in-class SDK.”

Onfido also recently updated its Smart Capture SDK with support for NFC data extraction from documents, use of passive device signals to check for device integrity, and improved first-time barcode capture.

Article Topics

 |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News

 

Anticipation for Metalenz and Samsung’s answer to Face ID mounts

After Samsung and Metalenz collaborated to incorporate Samsung’s Isocell Vision 931 image sensor into Metalenz’s Polar ID imaging technology, Mashable…

 

Germany beefs up border security ahead of UEFA Championship

Germany has been ramping up security measures such as border checks and CCTV surveillance in preparation UEFA European Football Championship…

 

Inverid and Cybernetica team up to secure digital ID, signatures with biometric MFA

A new partnership has been formed by Inverid and Cybernetica to combine the NFC ID document-scanning capabilities of the former…

 

Vision-Box unveils new Service Design platform for travel experience enhancement

Vision-Box, an Amadeus company known for its biometrics-based travel offerings, has introduced its latest service innovation: Service Design, which aims…

 

Moldova’s first digital ID app sees 24K downloads in five days

Moldova’s first digital identity wallet was downloaded over 24,000 times within the first five days, causing temporary glitches due to…

 

Australia and Japan showcase cross-border verifiable credentials

In recent years, Australia and Japan have both launched digital identity initiatives allowing their citizens to verify themselves online. The…

Comments

Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events