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
Sharing data would stop more ID fraudsters
By Liudas Kanapienis, CEO and co-founder of Ondato Understanding Fraudsters is a 2023 report by Ondato based on an analysis…
| Apr 6, 2023 | Document photos most common attack type; ID liveness detection choices expandPhotos of ID documents taken on another device than that used in identity verification were used in 37 percent of… |
| Mar 23, 2023 | Regula upgrades biometric and document scanning to provide complete protectionRegula has updated its biometric and document verification products to provide a complete solution for advanced identity fraud prevention. The… |
| Feb 13, 2023 | What business needs to know about age ID verification as regulators step up legislationBy Liudas Kanapienis, CEO and co-founder of Ondato From the first of January this year, age checks for people visiting… |
| Feb 1, 2023 | Fintechs sign up for biometric customer onboarding from Ondato, Onfido, ID-PalIdentity verification and selfie biometrics providers Ondato, Onfido and ID-Pal have announced new fintech customers. Lithuanian know-your-customer (KYC) solution provider… |
| Dec 14, 2022 | KYC and AML costs add up, compliance with biometrics costs less: OndatoThe cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of… |
| Nov 25, 2022 | EU banks struggle with KYC and AML budgets, but biometrics help applications worldwideEuropean 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… |
Ondato Industry Insights
Sharing data would stop more ID fraudsters
By Liudas Kanapienis, CEO and co-founder of Ondato Understanding Fraudsters is a 2023 report by Ondato based on an analysis…
| What business needs to know about age ID verification as regulators step up legislation | |
| The numbers never lie? | |
| Why are government’s still hesitating over social media ID verification? |
