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Onfido

Website: onfido.com

Onfido builds trust in an online world by helping businesses digitally verify users’ identities. The company uses AI to verify any photo ID and then compares it with the person’s facial biometrics. This use of AI means that businesses no longer need to compromise on customer experience, conversion, privacy or security. Founded by three entrepreneurs from Oxford University, Onfido has raised $200m in funding from investors including TPG Growth, Salesforce Ventures, and M12 – Microsoft’s venture fund. The company powers identity verification with established brands worldwide, including CLEAR, Revolut and Expensify.

Onfido Biometrics News

 

Online digital ID verification stays hot, survey shows 10 minute onboarding window

It is an eventful week for digital ID solutions in the financial sector, with Onfido publishing a new report, Shufti…

Oct 8, 2021

Socure, Onfido and Trulioo crack CB Insights’ Fintech 250

Three biometrics providers have cracked the CB Insights Fintech 250 list for 2021, with Socure, Onfido and Trulioo all represented on…

Oct 1, 2021

BIO-key, Plurilock and Onfido win Cybersecurity Breakthrough Awards

BIO-key, Plurilock and Onfido have each won 2021 Cybersecurity Breakthrough Awards for their biometrics and digital identity technologies. Elsewhere, 1Kosmos and…

Sep 17, 2021

Onfido, Au10tix tout many millions saved with biometrics and fraud prevention tools

Both Onfido and Au10tix have revealed the estimated economic impact of their biometric and digital ID solutions on customers, in…

Sep 7, 2021

Selfie biometrics providers score partnerships, customer wins and fundraising

Veratad and GBG have each formed partnerships to distribute their selfie biometrics technologies to new customers. Customer wins in the…

Aug 26, 2021

Vouched secures $4.5M for selfie biometrics in hot remote onboarding market

Steadily rising demand for remote onboarding and compliance with know your customer and anti money-laundering regulations has led to a…

Aug 11, 2021

Biometrics demand prompts Onfido to establish regional HQ in Amsterdam

Onfido announces it is establishing a regional HQ in Amsterdam to serve the Benelux area after winning a face biometrics contract…

Aug 11, 2021

Digital identity and KYC providers recognized for awards, nominations

A range of companies and individuals in the identity sector are being recognized for their contributions, including Dermalog, AU10TIX, Thales,…

Aug 2, 2021

Onfido and INTERPOL train US officers on biometric passport fraud

A training session on recognizing fraudulent travel identity documents jointly held by INTERPOL’s Counterfeit Currency and Security Documents (CCSD) unit…

Jul 27, 2021

Onfido reaches triple-digit biometrics growth, surpasses $100M annual recurring revenue in Q2

Onfido has doubled its revenue on a year-over-year basis with a fifth consecutive record quarter in Q2, 2021, surpassing $100 million…

Jul 20, 2021

Selfie biometrics power KYC and fraud prevention from crypto platforms to governments

Solutions and implementations of ID document checks and face biometrics continue to proliferate, with GetID launching a new tool, customer…

Jul 14, 2021

Selfie biometrics for online pet sales and financial services among latest remote onboarding launches

The pace of remote onboarding implementations remains steady, with Onfido signing up an online marketplace for its selfie biometrics, while…

Jun 28, 2021

Selfie biometrics top digital onboarding methods for younger people

Digital onboarding with selfie biometrics and ID documents is a favored method of younger people, according to research from Onfido,…

Jun 28, 2021

Biometric onboarding market reaches new phase as Onfido preps IPO

Onfido is considering a stock launch on the New York Stock Exchange, instead of London, as first reported by the…

Jun 16, 2021

Fintechs race to adopt biometrics for remote KYC

More than three out of four millennials are “very satisfied” with using mobile device-based face biometrics for authentication, according to…

Jun 1, 2021

Onfido’s biometric data privacy arbitration case looks awfully iffy

Arbitration cases generally are pretty two dimensional. When a buyer signs a contract requiring that any subsequent disagreements must be…

May 31, 2021

Visa expands partner program with biometrics for digital-first payments experience

The Visa Fintech Partner Connect program, already launched in Europe to help financial institutions select key technologies for digital-first experiences,…

May 25, 2021

Onfido partners with FaceTec to extend biometrics further into identity lifecycle

Onfido is launching a new platform extending the company’s flagship biometric identity verification to authentication and enterprise-grade security to provide…

May 19, 2021

BBC addresses facial recognition bias issues in new Click episode

A new episode of BBC Click recently discussed the issues caused by facial recognition biases, and how they affect people…

May 12, 2021

Regional gains and biometrics partnerships lift Onfido to best quarter yet

Revenues from Onfido’s biometrics and identity verification leaped by 93 percent on a year-over-year basis in its fiscal first quarter…

Onfido Industry Insights

 

Blink and you’ll miss it: The mass-market adoption of facial verification in business

This is a guest post by Husayn Kassai, CEO and co-founder of Onfido. Who are you? And how can you…

Onfido White Papers

 

How to combat fraud in 3 easy steps

Identity theft is the fastest growing crime in the US and accounts for half of all reported fraud in the…

Feb 5, 2019A guide to digital identity verification: the tech and trends
Feb 4, 2019How to detect the 7 types of document and identity fraud

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