Onfido broke down some of the strengths and weaknesses of different kinds of two-factor authentication (2FA) in a new post on the company blog. The company notes that any form of 2FA will offer more protection than a password alone, but goes on to argue that knowledge and item-based forms of authentication are more vulnerable…
SecureKey and Onfido have joined forces in an effort to provide customers with a more comprehensive identity verification on solution. The joint offering will blend SecureKey’s real-time authentication tech with Onfido’s document and facial recognition. Onfido’s platform uses facial biometrics to compare a selfie to the photo on an official government ID document. Doing so…
Onfido has been listed as one of the top 100 AI startups in the world in CB Insights’ annual AI 100 ranking. This is the fourth time that CB Insights has released the international list, which recognizes promising private companies that focus on AI. CB Insights evaluates companies based on criteria like patents, customer engagement,…
Onfido has picked up the prize for Best Product for Next Gen Fraud Prevention at the 8th annual InfoSec Awards. The winners were selected by Cyber Defense Magazine (CDM), and were announced at this week’s 2020 RSA Conference in San Francisco. The InfoSec Awards were set up to acknowledge outstanding achievements in the cybersecurity space, with prizes…
Onfido has listed some of the key takeaways from the World Economic Forum’s new white paper on passwordless authentication. Onfido was one of the organizations that contributed to the paper, which was released during the recent WEF annual meeting in Davos. In the paper, the WEF noted that passwords are becoming more and more difficult…
The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…
Onfido will be providing secure identity verification for the blockchain e-voting company Agora. Through the new partnership, citizens will be asked to provide a selfie and an official government ID when using the Agora app or a dedicated voting machine. Onfido’s technology will then compare the selfie to the photo on that ID, only allowing…
“Our vision for a decentralized future, self-sovereign identity, data and payment, facilitated by blockchain technology, works well with the identity verification services Onfido offers.” – Alastair Johnson, CEO, Nuggets Nuggets, the provider of a blockchain-based digital identity and payments platform, has embraced Onfido‘s selfie-based approach to customer authentication. The latter’s approach to identity verification revolves…
This week saw some pretty big news in the world of mobile identity, and a lot of it pointed the way forward for multiple different technologies. A salient example is mobile ID technology. Gemalto has announced its big foray into this area in the form of its Digital ID Wallet, designed to store virtual versions…
Onfido is testing a portable identity solution in conjunction with a group of FinTech partners that includes Monese, Seedrs, Curve, and B-Social. The regulatory sandbox test is being carried out in Britain as part of an FCA program that gives businesses the opportunity to pilot new ideas with real consumers. The FCA is the UK’s…
Onfido is teaming up with Civic to provide secure customer onboarding for the latter’s upcoming cryptocurrency wallet. The blockchain-based Civic Wallet will allow users to store and trade cryptocurrencies without sharing any superfluous personal information, providing account access through a private key that will be stored on the user’s mobile device. Onfido will make it…
“Our customers recognize that a secure and optimized customer journey begins with a strong validated identity.” Onfido has created an international partner program in an effort to find new applications for its identity verification technology. The Onfido Partner Program currently includes major players like IDEMIA, ForgeRock, Checkr, and iovation, while Visa has made Onfido’s selfie…
Onfido and Berbix are partnering with Checkr to create an all-in-one background check and identity verification platform. The new solution is called Checkr Connect IDV, and it will blend Onfido’s selfie authentication tech with Berbix’s photo ID verification tech to match a face to an ID and confirm the identities of candidates during the hiring…
A UK FinTech startup is celebrating a big new funding round: Manchester-based Nivo brought in £2 million from GP Bullhound, the Angel CoFund, and EG Solutions CEO Elizabeth Gooch, and other investors. The startup only just launched in late 2018 as a spinoff from Barclays Bank, and specializes in secure instant messaging for financial services…
“Onfido brings innovative identity verification technology and a dedication to security that aligns with the FIDO Alliance’s mission to develop more secure and convenient solutions that reduce the world’s dependence on passwords.” – Brett McDowell, Executive Director, FIDO Alliance Onfido has joined the FIDO Alliance Board of Directors, adding another biometrics specialist to the authentication…
“Among the more specific topics to be addressed in the INTERPOL workshop will be the mechanical and digital printing techniques used to produce – and spoof – official identity documents, new security mechanisms, and 2D vs. 3D document checks.” Onfido is getting a high-profile opportunity to showcase its identification expertise. The company has announced that…
Onfido’s Identity Verification Engine nabbed three prizes at the 2019 Cybersecurity Excellence Awards. The haul includes a silver medal in the Fraud Prevention category, and bronze medals for Artificial Intelligence Security and Multi-Factor Authentication. The Cybersecurity Excellence Awards are presented by Cybersecurity Insiders, and are determined with input from the broader cybersecurity community. They were…
“To register for the platform, users need only to upload a facial image and pictures of official ID. Onfido’s system can then use facial recognition technology to confirm that the images match, verifying the user’s identity.” Onfido has another new client in the sharing economy market: 2nd Address, a kind of Airbnb for business professionals,…
Onfido has attained another new client in the growing car sharing market: RVShare.com has opted for its identity verification solution. Based in the US, RVShare operates a network of 60,000 trailer and motorhome owners offering to rent out their vehicles. And as with any other contemporary vehicle-sharing platform, the company faces a strong need to…
