Onfido has acutely aerial ante of accurateness and is consistently adorning its action appliance centralized and alien measures and in affiliation with customers
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LONDON , Aug. 29, 2019 /CNW/ — Based on its contempo assay of the European character assay and affidavit market, Frost & Sullivan recognises the London – and San Francisco -based Onfido with the 2019 European Technology Addition Award for its avant-garde amalgam character assay solution. This platform, powered by bogus intelligence (AI), apparatus learning, biometrics, and analysis, has begin appliance beyond assorted industry verticals such as cyberbanking and finance, insurance, retail, gaming, gambling, marketplaces, transportation, and government services.
“Onfido’s proprietary character assay band-aid employs assorted avant-garde algorithms in parallel, which helps triangulate and verify users’ abstracts as calmly as possible, in beneath than 20 seconds,” Doraiswamy Bharath Sunderraj, Industry Analyst. “Onfido’s action is able to calibration with added appeal as it uses apparatus acquirements to intelligently ascertain anomalies in 2D character documents. Compared to bounded apperceive your chump (KYC) certificate collectors that are accessible to hacking and abstracts loss, Onfido’s band-aid is cloud-based and acutely secure.”
Customers can accept from a absolutely automated, absolutely hybrid, or absolutely chiral blockage approach, depending on whether acceleration of onboarding is added important or artifice acknowledgment rate. Onfido additionally aims to authorize its Software-as-a-Service (SaaS) belvedere as the character assay technology of best beyond industries. In accession to banking casework and retail, Onfido’s use cases accommodate artifice aegis and cast assurance. For example, companies such as Drivy are adopting Onfido’s belvedere to verify and accredit both the ride provider and ride bedfellow so that all parties feel defended back traveling together.
The belvedere follows a simple three-step assay process. Its software visually scans the government-issued character certificate submitted by the user, performs a beheld artifice analysis, validates the document, and extracts the appropriate abstracts about the user. Next, it captures the user’s facial biometrics through a selfie, and the software again analyses and compares the angel with the angel accessible in the character document. Lastly, it confirms liveness and authenticates whether the angel submitted is that of an absolute person. Back the software fails to ascertain a adult counterfeit certificate admitting all these checks, the Onfido aggregation absolutely analyses the certificate manually and again builds an avant-garde new artifice apprehension archetypal that allows the belvedere to ascertain any such abstracts in the future.
“With 240 technologists advance beyond six countries, Onfido has taken proactive measures to abound in-line with industry demands and the blackmail landscape,” acclaimed Doraiswamy Bharath Sunderraj . “Although a cardinal of ample technology participants are staking a affirmation to the character assay market, Onfido has a able brand and intends to abound as a above standalone participant.”
Each year, Frost & Sullivan presents this accolade to the aggregation that has developed a artefact with avant-garde appearance and functionality that is accepting accelerated accepting in the market. The accolade recognises the affection of the band-aid and the chump amount enhancements it enables.
Frost & Sullivan Best Practices awards recognise companies in a array of bounded and all-around markets for demonstrating outstanding accomplishment and above accomplishment in areas such as leadership, abstruse innovation, chump service, and cardinal artefact development. Industry analysts analyze bazaar participants and admeasurement accomplishment through all-embracing interviews, analysis, and all-encompassing accessory assay to analyze best practices in the industry.
About OnfidoOnfido is architecture the new character accepted for the internet. Our AI-based technology assesses whether a user’s government-issued ID is 18-carat or fraudulent, and again compares it adjoin their facial biometrics. That’s how we accord companies like Revolut, Zipcar and Bitstamp the affirmation they charge to onboard barter accidentally and securely. Our mission is to actualize a added accessible world, area character is the key to access.
Recognized as a all-around baton in bogus intelligence for character verification, we’re backed by Salesforce Ventures, SBI Investment, M12 (Microsoft) Ventures, and others. With 250 technologists advance beyond 6 countries, we’ve aloft $100m in allotment and ability assay for 1,500 customers.
www.onfido.com www.facebook.com/onfido www.twitter.com/onfido
About Frost & SullivanFrost & Sullivan, the Advance Affiliation Company, works in accord with audience to advantage abstracted addition that addresses the all-around challenges and accompanying advance opportunities that will accomplish or breach today’s bazaar participants. For added than 50 years, we accept been developing advance strategies for the all-around 1000, arising businesses, the accessible area and the advance community. Contact us: Start the discussion.
Lindsey Whitaker P: 1 (210) 477-8457E: [email protected]
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SOURCE Frost & Sullivan
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