Onfido, a global leader in Identity Verification, is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution.
Onfido’s proprietary technology verifies that people are who they claim to be simply by comparing an identity document to a selfie, and is helping convert the previously unbanked for a number of leading FinTechs. Almost 40% of the world’s adult population is excluded from opening a bank account, most often due to having thin credit files, or being new migrants without the requisite documents needed for in-person verification and legally required Anti-Money Laundering checks. Onfido solves this issue using a combination of a highly sophisticated document check alongside a Facial Similarity Check.
https://www.finextra.com/pressarticle/67660/onfido-targets-the-unbanked-with-machine-learning
