Sporto str. 18, Vilnius
Lithuania
Ondato
Ondato is a KYC related compliance management platform, allowing to on-board legal and natural entities using real-time biometric video and photo identification methods. Also, Ondato provides compliance case-management, behaviour prediction and data monitoring.
Ondato Biometrics News
EU banks struggle with KYC and AML budgets, but biometrics help applications worldwide
European banks are dedicating the majority of their AML (anti-money laundering) and KYC (know your customer) budgets to manual processes…
| Oct 6, 2022 | One-click KYC, digital ID solutions introduced by Yoti, SumsubYoti is introducing a new one-click digital identity verification solution in collaboration with financial KYC (know-your-customer) provider Department of Trust,… |
| Sep 29, 2022 | New solution and partnerships unveiled amid flurry of selfie biometrics and KYC activityRomania-based Qoobiss has launched an anti-money laundering solution for businesses in the financial sector based on the company’s selfie biometric,… |
| Sep 1, 2022 | Ondato launches virtual branch service with face biometrics for KYCKnow-your-customer (KYC) compliance management provider Ondato has launched a virtual branch service solution that enables banks to provide customers with… |
| Aug 25, 2022 | Ondato partners for modular, biometric compliance solutions with transaction monitoringAnti-money laundering transaction monitoring provider Hawk AI entered a new partnership with know-your-customer (KYC) compliance management platform Ondato. The new… |
| Aug 16, 2022 | The numbers never lie?By Liudas Kanapienis, CEO and co-founder of Ondato Startup valuations are under the spotlight right now. Massive inflows of VC… |
| Jul 22, 2022 | Identity for finance: verification sector to reach $9.1B by 2024, new tech and hiresWhile economic pressures may be impacting the financial sector, the identify verifiers, KYC and AML providers serving it are forecast… |
| Jun 21, 2022 | Why are government’s still hesitating over social media ID verification?Liudas Kanapienis, CEO and co-founder of Ondato Controversy surrounded the inclusion in May of an Online Safety Bill in the Queen’s… |
| Feb 23, 2022 | New tools and customers unveiled for biometric onboarding and anti-fraud applicationsA number of selfe biometrics providers have each expanded their digital identity verification product and customer portfolios to improve onboarding… |
| Feb 2, 2022 | Biometrics to lead IDV market’s $10B growth by 2026The global market for digital identity verification technology is forecast for rapid growth, with MarketsandMarkets estimating a 16.6 percent compound… |
| Jan 31, 2022 | Executive appointments reflect sharpening focus for biometrics providersBiometrics providers Zwipe, Rank One Computing, Alcatraz AI, ValidSoft, Transmit Security, Ondato, and ID.me announced new hires at various executive… |
| Jan 18, 2022 | Ondato enhances capabilities for greater KYC, AML complianceBusinesses using Ondato’s KYC compliance management solution will now find it easier to avoid falling into the trap of KYC… |
| Dec 3, 2021 | Ondato launches ID document spoof detection tool for biometric onboardingCompliance management platform Ondato has released a new artificial intelligence-powered forensic system to detect spoofed ID documents and prevent them… |
| Oct 26, 2021 | Biometrics investment continues as global market forecast to surpass $84B by 2026Ondato has extended its seed funding round by €3.6 million (approximately US$4.2 million) in the latest biometrics investment announcement, just as… |
| Oct 20, 2021 | Equifax biometric cloud digital identity service joins online trust struggleEquifax is joining the digital-identity-as-a-service market with a new biometric offering, and has unveiled a partnership with Bonifii to carry out… |
| Oct 14, 2021 | Digital identity verification market set to surpass $17B by 2026, providers partner upThe number of digital identity verification checks conducted globally on an annual basis will more than triple from 1.1 billion… |
| Sep 21, 2021 | Ondato, GBG hiring as biometric authentication businesses expandOndato is hiring up to 50 persons for different roles as the Lithuanian biometric authentication company is opening offices in… |
| Jan 4, 2021 | Biometric authentication startup Ondato expands in Europe with $2M fundingOndato, a Lithuanian biometric authentication software company, is expanding its presence across Europe in France, Germany, Spain and in the… |
| Jun 4, 2020 | Ondato raises more than $500K with plans to bring ID doc and selfie biometrics to Poland and GermanyOndato plans to expand its biometric KYC services into the Polish and German markets after raising €450,000 (US$511,000) in funding from… |
| Feb 13, 2020 | Financial services companies partner up to replace legacy access control with biometricsSeveral banks, fintech, and financial services companies have found partners to provide biometric authentication for secure onboarding and transactions, with… |
Ondato Industry Insights
The numbers never lie?
By Liudas Kanapienis, CEO and co-founder of Ondato Startup valuations are under the spotlight right now. Massive inflows of VC…
| Why are government’s still hesitating over social media ID verification? |
