Datasoft will be using Vouched’s digital identity verification technology to facilitate remote onboarding with its own Datasoft FxOffice platform. The Vouched solution combines document recognition and facial recognition to allow businesses to fulfill their Know Your Customer (KYC) obligations when people open new accounts.
Vouched is compliant with the financial industry’s latest data security regulations, and was recently named as a Top KYC Solution by CIO Banking Outlook. Both Datasoft and Vouched noted that the demand for remote onboarding solutions has increased during the COVID-19 pandemic, and are hoping that their joint offering will appeal to organizations that are looking to deliver a better customer experience.
“Datasoft is a leader in financial technology and global payments, and we are honored to partner with them,” said Vouched Co-Founder and CEO John Baird. “By helping Datasoft verify customers worldwide, verification becomes faster and more secure, providing financial access to customers anywhere and at any time.”
“To keep pace with growth in digital KYC, Datasoft continues to explore innovative approaches to build on top of our digital KYC and onboarding platform,” added Datasoft CEO Rahim Harji.
Vouched was listed on the Auth0 Marketplace back in September. The solution uses facial biometrics to match a selfie to the image on a photo ID, and backs up the scan with liveness detection to make sure each user is holding the correct document holder.