GetID, a renowned omnichannel identity verification service provider, has reportedly announced partnership with Onfido, a leading identity verification software provider. GetID solution is intended for businesses who want to speed up their customer identification checks as well as to make the complete regulatory process simple in AML/KYC compliance checks.
The organization made its public appearance at ICE London during the Slush startup conference, and also at Finance Magnates London Summit. The company continues on its mission to make a trusted digital identity and offer an omni-channel, modern as well as affordable identity verification solution.
Onfido is a software-based company that provides software that enables businesses to verify the identities of people by using a selfie, document of photo-based identity, and sophisticated AI algorithms.
Husayn Kassai, CEO and co-founder, Onfido stated that the company is thrilled to be partnering with GetID so as to help Admiral Markets authorizing a hybrid, streamlined approach to enable them to continue focusing on their mission of delivering the finest digital trading experiences.
GetID teamed up with Onfido in order to provide a modern approach so as to secure identity verification for Admiral Markets, which is a notable European platform for currency & asset trading. The integrated solution from the two organizations uprooted different conventional vendor solutions that used manual strategies. The hybrid approach scales and automates identity verification, using human experts in order to verify outliers.
This further mitigates fraud while also simplifying AML and KYC compliance checks, helping prevent attacker attempts. The automated approach lessens cost while offering a quick authentication and onboarding experience.
Dmitri Laush, co-founder and CEO, GetID, stated that the company is thrilled to be partnering with one of the leading organizations in the field of identity verification, Onfido, who had earlier worked with companies like Couchsurfing and Revolut.
Laush further stated that the company is making an aggregated solution, developing its technology, which is where Onfido fits in effortlessly. The company is looking forward to bring together its experience and share it with business in other different sectors.