Onfido

What is Onfido?

Onfido is a digital identity solution that uses advanced AI technology to enable businesses to authenticate their customers online and establish trust during the onboarding process. It offers various components such as document, biometric, and data verification, as well as fraud detection to prevent fraudulent activities and protect both the business and its customers. Onfido's Real Identity Platform provides end-to-end identity verification with flexible, streamlined user experiences, including document verification, biometric analysis, and data verification. It helps automate onboarding processes and protect businesses from fraudulent activities.

Additionally, Onfido Studio allows businesses to orchestrate different verification tasks and signals into manageable workflows, simplifying the onboarding process by integrating various verification methods. Onfido Atlas, an AI technology, ensures quick, fair, and accurate identity verification results by leveraging machine learning algorithms for document and biometric data analysis.

Onfido serves various industries like financial services, gaming, healthcare, retail, and transportation with its AI-driven identity verification, fraud detection, and automated onboarding capabilities. It assists in age verification, prevents fraud by thorough verification processes, and complies with regulatory requirements, particularly in complex KYC processes. Onfido supports multiple languages and a range of identification documents for verification, aiming to create a more open world where identity is the key to access.

Who created Onfido?

Onfido was founded by three friends, Husayn, Eamon, and Ruhul, who met at Oxford University. The company was launched in London on June 25, 2019, with initial seed funding from the Saïd Business School at Oxford University. Onfido focuses on providing identity verification services to facilitate broader access to online services. Over the years, the company has grown significantly, expanded globally, and achieved milestones such as raising funds, launching new products, and acquiring Airside. Onfido was eventually acquired by Entrust, consolidating AI-powered, identity-centric security solutions.

What is Onfido used for?

• Gaming
• Fraud Detection
• Healthcare
• Retail
• Document, biometric, and data verification
• Automated onboarding
• Assists in age verification
• Solutions for customer acquisition
• Solutions for global compliance
• Solutions for fraud prevention
• Driver registration verification
• User onboarding automation
• Flexible identity verification
• Financial services
• Customer acquisition
• ETSI-certified identity verification
• Qualified Electronic Signature (QES) integration
• OTP integration for eIDAS-compliant onboarding
• Award-winning document and biometric verifications
• End-to-end identity verification
• Flexibility in identity verification
• Document verification
• Biometric verification
• Data verification
• Age verification
• Cost management through automation
• Support for multiple industries
• Fraud Prevention
• Document, biometric and data verification
• Customer acquisition solutions
• Global compliance solutions
• Fraud prevention solutions
• Regulation-compliance for KYC processes
• Out of the box compliance solutions
• Global compliance

Who is Onfido for?

• Financial Services
• Gaming
• Healthcare
• Retail
• Transportation

How to use Onfido?

To use Onfido, follow these steps:

1. Understanding Onfido's Purpose: Onfido is a digital identity solution that utilizes advanced AI technology to authenticate customers online, streamline onboarding processes, and prevent fraudulent activities.

2. Components of Onfido:

   • Document Verification: Validates various ID documents.
   • Biometric Analysis: Compares live selfies with ID photos.
   • Data Verification: Analyzes customer information against trusted sources.

3. Onfido Real Identity Platform: Utilize this system for end-to-end identity verification, incorporating document, biometric, and data verification to ensure efficient onboarding and fraud protection.

4. Onfido Studio and Atlas:

   • Onfido Studio: Orchestrates verification tasks into workflows for seamless onboarding.
   • Onfido Atlas: AI technology ensuring quick and accurate verification results.

5. Onboarding Process:

   • Start by providing identification documentation and a live selfie.
   • Onfido's AI system analyzes this information to confirm identity and eligibility.

6. Regulatory Compliance: Onfido is compliant with Know Your Customer (KYC) processes, ensuring seamless adherence to regulatory requirements during onboarding.

7. Industry Applications: Onfido caters to various industries such as financial services, gaming, healthcare, retail, and transportation, offering AI-driven verification and automated onboarding solutions.

8. Language Support: Onfido supports multiple languages, enhancing accessibility for global users.

9. Integration:

   • Can be integrated into various platforms through the Smart Capture SDK.
   • Partnerships with companies like Salesforce for embedded identity verification.

10. User Testimonials: Companies like The Co-Operative Bank, Chipper Cash, and DBS have benefited from Onfido's services for streamlined onboarding and compliance.

Remember, utilizing Onfido involves utilizing its AI-driven technology, understanding its components, ensuring regulatory compliance, and leveraging its studio and AI technologies for accurate and seamless user experiences.