AI-powered id verification supplies swift and strong compliance processing for forex transfers
[22 JULY, 2019], San Francisco, USA: Onfido, the award-winning international id verification platform, these days introduced a partnership with Currencies Direct, the main world bills supplier, to energy its id verification for onboarding new shoppers. Onfido’s AI-based id verification era will permit Currencies Direct to provide its intentional forex change provider to extra customers because it continues to scale.
Currencies Direct emblem
Currencies Direct permits each industry and private shoppers to make world bills to 120 international locations in over 40 currencies. Transfers can also be made with the net app or over the telephone. They supply a complete suite of virtual switch products and services, with a focal point on ease-of-use and safety. Its provider additionally features a devoted account control workforce, permitting shoppers to talk immediately to a forex professional.
With over 250,000 Currencies Direct shoppers making world bills since 1996, the will for speedy, correct and protected transfers is paramount. Onfido’s id verification allows shoppers to hastily onboard, while making sure Know Your Buyer (KYC) and Anti-Cash Laundering (AML) necessities are met.
“Making sure our shoppers and industry are secure in opposition to fraud and that their transactions are protected is significant to the good fortune of our corporate,” mentioned Hardik Shah, Team Head of Product at Currencies Direct. “We decided on Onfido on account of its leading edge hybrid-AI means that is helping fulfil our imaginative and prescient of seamless and simple onboarding revel in, while making sure our top compliance requirements don’t seem to be compromised.”
“We’re taking a look ahead to running with Currencies Direct to assist them develop their industry,” mentioned Husayn Kassai, CEO and Cofounder at Onfido. “Balancing compliance necessities with a chic and easy buyer revel in is significant in our on-line global. We’re happy as a way to assist Currencies Direct do so purpose and sit up for serving to them scale their industry.”
Onfido is construction the brand new id usual for the web. Our AI-based era assesses whether or not a consumer’s government-issued ID is authentic or fraudulent, after which compares it in opposition to their facial biometrics. That’s how we give corporations like Revolut, Zipcar and Bitstamp the peace of mind they wish to onboard shoppers remotely and securely. Our venture is to create a extra open global, the place id is the important thing to get entry to.
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About Currencies Direct
Currencies Direct has been serving to people and companies save money and time on their forex transfers since 1996. Over time they have got labored with greater than 250,000 shoppers and feature received awards together with MoneyAge Cash Switch Supplier of the Yr. The corporate has workplaces in 4 continents and gives a singular stage of private toughen whether or not shoppers organize their transfers on-line, over the telephone or in the course of the Currencies Direct app. For more info discuss with currenciesdirect.com.