Onboarding Solutions Provider Veridate Leverages Acuant Tech

“The company is now going to leverage three major solutions from Acuant for its onboarding platform: AcuFill, for the capture of digital ID information; AssureID, its document reading system; and Acuant Facial Recognition Match, which enables selfie-based authentication through the use of facial recognition, matching an end user to the image displayed on their official ID document.”

A new partnership with Veridate Financial could substantially extend the reach of Acuant‘s identity verification technology.

Veridate offers customer onboarding solutions to a wide range of clients including wealth management firms, accountants, and cryptocurrency exchanges through its COBA platform. The Hong Kong-based firm hasn’t disclosed numbers pertaining to its client network, but it was named a “Rising Star” in Financial IT‘s “2016/2017 Pathfinder Ranking“.

The company is now going to leverage three major solutions from Acuant for its onboarding platform: AcuFill, for the capture of digital ID information; AssureID, its document reading system; and Acuant Facial Recognition Match, which enables selfie-based authentication through the use of facial recognition, matching an end user to the image displayed on their official ID document. The latter is proving to be an exceptionally popular approach to digital onboarding and authentication, especially in the financial services sector, with a number of similar solutions now in the market.

In a statement announcing the collaboration, Veridate co-founder and marketing head Peter Hatz lauded Acuant’s technology. “With Acuant, we can provide full compliance reports in less than two minutes,” he said. “Acuant’s technology is fast, effective and easy to use – it’s been a game-changer for us.”

Acuant’s announcement comes after news of integrations with Experian and home commerce platform provider Noodigs earlier this year.