GetID, an Estonian omnichannel identity verification provider, which recently entered European market, has just completed negotiations with the leader in the identity verification field. Well-known multinational giant Onfido just confirmed GetID to be the official partner.
GetID solution is intended for businesses that want to speed up their customer identification checks and simplify the overall regulatory process involved in KYC/AML compliance checks. The identity verification software developed by GetID enables users to significantly reduce the amount of time it takes to authenticate clients as well as to ensure that only one verification is required within the entire process. GetID corporate clients will only pay for the functions that are essential for their business, so the pricing of the service is very flexible and dependent on the client’s needs and wishes.
GetID just made its first public appearances at Slush startup conference, ICE London and s Finance Magnates London Summit. The project has got attention from the media, positive feedback from attendees and plenty of potential clients. GetID continues with its mission to create trusted digital identity while providing a modern, omni-channel and affordable identity verification solution.
Onfido is a software company that helps businesses verify people’s identities using a photo-based identity document, a selfie and artificial intelligence algorithms. Founded 7 years ago by Oxford alumni, nowadays it has become one of the most respectable players on the regtech market.
“We are very happy to be partnering with GetID to support Admiral Markets empowering a streamlined, hybrid approach so they can continue focusing on their mission of providing the best digital trading experience,” said Husayn Kassai, CEO and co-founder at Onfido. “We bring trust to digital interactions worldwide, and we’re excited to be partnering with a company that’s equally ambitious.”
GetID partnered with Onfido to provide a modern approach to secure identity verification for Admiral Markets, a well-known European platform for currency and asset trading. The integrated solution from both companies displaced multiple traditional vendor solutions that used manual methods. The breakthrough integration’s hybrid approach automates and scales identity verification while using human experts to verify outliers. This mitigates fraud and simplifies KYC and AML compliance checks, preventing attacker attempts. The automated approach reduces cost while also providing a fast applicant onboarding and authentication experience.
Dmitri Laush, GetID co-founder and CEO, says: “We are proud to be partners with one of the leading companies in the identity verification field – Onfido, which previously worked with giants like Revolut and Couchsurfing. GetID is creating an aggregated solution, developing our technology, and Onfido fits into it perfectly. We aim to bring together our experience and share it with the businesses in many sectors. First of all, it would be great to share knowledge in AI face recognition and biometrics verification. I am sure our alliance will put the identity verification process on the new level”.