• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

SwissBorg Turns to Onfido For Biometric Remote Onboarding

August 7, 2020

SwissBorg is turning to Onfido to secure its blockchain-based wealth management platform. The latter’s selfie-based authentication solution will allow SwissBorg to verify the identities of its customers during the onboarding process.

SwissBorg Turns to Onfido For Biometric Remote Onboarding

To do so, new SwissBorg users will first be asked to take a photo of their official government ID. That photo will then be compared to a selfie to make sure that the the person holding the phone is indeed the person depicted on that ID.

According to Onfido, 60 percent of SwissBorg’s new applications are now being handled automatically. The technology is fully compliant with international Know-Your-Customer regulations, while the entire application process takes less than ten minutes. Of that, less than two minutes is needed for identity verification.

“One of SwissBorg’s main priorities is the protection of its community. This includes preventing users with ill-intent from onboarding and safeguarding users’ data,” said SwissBorg Chief Compliance Officer Christophe Diserens. “Partnering with Onfido has allowed us to achieve these objectives while providing one of the quickest onboarding experiences on the market.”

Once the onboarding process is complete, SwissBorg customers can use the platform to make crypto investments from anywhere in the world. The digital-first company is hoping that the partnership with Onfido will allow it to scale its operations in Europe and beyond, with the two parties noting that Onfido’s tech is compatible with over 4,600 different identity documents.

Of course, SwissBorg is far from the first company to adopt Onfido’s onboarding solution in the past few months, nor is it even the only recent customer in the financial sector. The financial services providers Curve and WorldRemit have both signed on with Onfido in 2020. Sixty-nine percent of Onfido’s sales came from new customers in the first six months of 2020, thanks in large part to the growing demand for contactless identity solutions during the COVID-19 pandemic.  

–

August 7, 2020 – by Eric Weiss

Filed Under: Industry News Tagged With: Biometric, biometric authentication, biometric onboarding, biometrics, face biometrics, facial recognition, onboarding, Onfido, selfie authentication, selfie biometrics

Related News & Articles

UK Government Enables U2F Support for Online Services

Gogoro Launches Scooter-Sharing GoShare App in Taiwan

MWC Shanghai: Ease of Use is Critical for Consumer Biometrics

Primary Sidebar

Register For the Next Virtual Identity Summit

Travel & Hospitality Biometrics Online Summit
Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Four UK MNOs Join Tru.ID’s SIM Authentication Service
  • Engineering VP’s Appointment May Point to NECAM’s Digital ID Ambitions
  • Foundation for Advancing Security Talent to Study Industry’s Hiring Practices
  • Selfie Onboarding Specialist Names New CFO
  • AU10TIX Provides Selfie Onboarding for Israeli Digital Bank

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld