FB pixel

Regula partners on biometric onboarding for US financial services

Regula partners on biometric onboarding for US financial services
 

Regula is teaming up with know your customer (KYC) and anti-fraud solution provider Sybrin to create a joint selfie biometrics product targeted at financial services in the United States.

The duo will help securely onboard and verify customers for banks and other financial services businesses with document checks, selfie capture and liveness verification. The partners are also hoping to expand to other sectors such as insurance, government, and retail.

Regula completed a deal with InScope-AML earlier this month to provide its ID document-checking software to businesses across Africa and Europe. The Latvian forensic devices and identity verification solutions developer also announced its place on the 2023 Gartner Market Guide for Identity Verification.

The new product will combine Regula’s Document Reader and face biometrics SDKs with Sybrin’s KYC solution and orchestration engine. It will streamline and simplify customer identity verifications, accelerate the implementation of new onboarding systems, which in turn will reduce how long onboarding takes, and improve customer conversion rates, according to the announcement.

“You can never overdo it with authenticity checks, especially in remote onboarding scenarios in financial institutions,” says Ihar Kliashchou, chief technology officer at Regula. “We at Regula keep working on this non-stop. And we are happy to partner with Sybrin, a visionary KYC provider that shares our commitment.”

Sybrin Group was acquired by One Thousand & One Voices (1K1V) and Crossfin in 2021. The South Africa-based company announced successful testing to PAD standards with its passive biometric liveness detection the same year.

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News

 

One Login 18 steps short of complying with UK national cybersecurity framework

Gov.uk One Login is struggling to satisfy the cybersecurity expectations the Government Digital Service says it is underpinned by, a…

 

CBP seeks biometric photo capture technology for border vehicle inspection

U.S. Customs and Border Protection (CBP) has issued a Request for Information (RFI) on commercial solutions for capturing high-quality facial…

 

Rights concerns trigger facial recognition reviews in Paraguay, Balkans and Hungary

Facial recognition is being used more around the world but with this increased usage comes concerns over issues such as…

 

Beruku showcases security document features for Ukraine border guard

Experts from Beruku Identity made a presentation to officers of Ukraine’s State Border Guard Service, to outline security features embedded…

 

Persona reaches $2 billion valuation with new investment round

Persona has announced a $200 million Series D funding round, bringing the company’s valuation to $2 billion. A release from…

 

Sri Lanka to call tenders for MOSIP implementation

Tenders for implementation of MOSIP (Modular Open-Source Identity Platform), an open-source software system that will be used to create and…

Comments

Leave a Reply

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

Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events