FB pixel

Onfido selfie biometrics integrated by Salesforce as KYC signup pace sustains

Shufti Pro, iDenfy and Incode unveil KYC and AML customer wins
Onfido selfie biometrics integrated by Salesforce as KYC signup pace sustains

Salesforce is boosting its Know Your Customer (KYC) capabilities by integrating with Onfido while Shufti Pro, iDenfy and Incode strike new deals.

Salesforce integrates Onfido’s digital identity verification into Financial Services Cloud

Customer relationship management platform Salesforce and London-based biometric verification provider Onfido are moving closer together.

After using the provider to verify customers through an app in the Salesforce AppExchange, Salesforce has decided to integrate Onfido’s suite of services into its Financial Services Cloud, a solution for financial institutions.

The company has been busy this spring striking deals with Belgium broadband service provider Telenet, The Cooperative Bank and TSB Bank. Onfido has also recently settled a BIPA lawsuit alleging that the company had illegally used their personal data for $28.5 million.

Shufti Pro to provide identity verification to NFT marketplace Momint

Another London-based ID verification solution Shufti Pro will be providing its Know Your Customer (KYC) and Anti-Money Laundering (AML) identity verification products to South African blockchain firm Momint, known for its Non-fungible tokens (NFT) marketplace.

As the popularity of digital assets and Web 3.0 offerings rises so are crimes like money laundering and fraud. This partnership was set up to improve Momint’s customer experience whilst fulfilling regulatory requirements to prevent financial crimes, the companies said in a release.

According to Shufti Pro’s recent ID Fraud Report 2022, last year saw an 18 percent increase in fraud within the digital identity landscape, including identity document forgery and biometric fraud.

Sports Illustrated ticketing platform to use iDenfy for identity verification

iDenfy will help verify identities and prevent fraud at online ticketing platform SI Tickets, owned by the American sports magazine Sports Illustrated.

The platform offers access to over 175,000 concerts, theater performances and sporting events, connecting buyers and sellers globally. With iDenfy’s biometric identity verification technology, SI Tickets hopes to meet Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and handle their customers’ data more effectively, the companies said in a release.

iDenfy has recently reached deals with digital health support platform Oviva and financial companies such as Fincapital Partners and Goat Finance. It also opened a partner program for digital ID verification products sharing its biometric API, tools, training and support.

Incode powers KYC for African cross-border payments

Incode has been selected to provide identity verification and authentication technologies, including selfie biometrics for KYC checks, to South Africa’s Mama Money.

Mama Money is a cross-border money transfer and banking service provider, and the partners say the deal to offer KYC checks for financial institutions is the first of its kind. They also say the time it takes Mama Money to onboard a new customer has been cut from hours to seconds.

Incode’s technology matches the face of the applicant to their identity document, handling the different formats of documents from various countries, and screens the customer against international sanctions lists.

“Individuals living and working abroad have long experienced the challenges of traditional, human-in-the-loop money transfers,” says Ricardo Amper, CEO and founder of Incode. “Advanced biometric authentication, powered by AI and machine learning, can revolutionize cross-border transactions. By seamlessly integrating Passive Liveness Detection, Incode ensures that customers’ identities are verified with utmost security and convenience, fostering social and economic mobility worldwide. In partnership with Mama Money, Incode is proud to support the mission of promoting universal accessibility and financial empowerment for all. Together, we are envisioning a world where trust and innovation are the driving forces of financial inclusivity.”

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News


Microsoft teases easy video deepfake tool, declines to release it

Microsoft is the latest tech giant to tease an AI product so good at producing deepfake humans that it poses…


Proposed UK data protection law hit by criticism

The UK’s prospective data protection law is facing criticism from lawmakers and rights groups over plans to introduce bank account…


Paris Olympics: Second AI surveillance test completed

In preparation for the Olympics, Paris has tested its AI surveillance systems deploying crowd surveillance technology during two large events….


LinkedIn introduces biometric IDV in Singapore with Persona

LinkedIn is rolling out identity verification using biometric passports in Singapore. The feature is provided by San Francisco-based selfie biometrics…


Apple to placate EU by opening developer access to NFC scanning, Face ID

Apple’s tap-and-go mobile payments system, ID scanning and biometric capabilities should be available to rivals soon, with a report from…


Biometric payment cards launching in Bangladesh, approved by Mastercard

Idex Biometrics is supplying fingerprint biometric technology for payment cards to Bangladesh-based Mutual Trust Bank, as the biometrics provider expands…


Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events