Admiral Markets, Onfido, GetID join forces for identity verification

Thursday 2 April 2020 11:41 CET | News

International internet trading company Admiral Markets has partnered with Onfido and GetID, an Estonia-based omnichannel identity verification provider.

The reason behind this decision is to facilitate the digital access process with AI-powered technology. Onfido and GetID have joined forces to provide a modern approach to identity verification for Admiral Markets, displacing older, manual methods. This means that users can now simply take a photo of their government-issued ID and Onfido’s AI-powered technology verifies their document. The breakthrough hybrid approach automates and scales identity verification while using human experts to verify outliers.

The partnership has already seen results, as it:

  • increased onboarding rates by 13%;
  • started onboarding from countries that were not supported before;
  • facilitated user experience;
  • decreased cost per customer onboarding due to automated processes.

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Keywords: Onfido, partnership, GetID, identity verification, Admiral Markets, hybrid, trading, omnichannel, ID, government, onboarding
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions