News

MyCash Money selects Onfido for identity verification

Wednesday 9 September 2020 09:53 CET | News

MyCash Money, a e-Marketplace designed for migrants in Malaysia and Singapore, has teamed up with Onfido, a global identity verification and authentication company, to provide identity verification to its users.

MyCash Money is helping to drive financial inclusion by offering online services to foreign workers in Singapore and Malaysia who do not have access to online banking or credit cards. MyCash Money remittance app provides native language support in English, Bengali, Bahasa Indonesia, Bahasa Melayu, and Chinese that specifically caters to the Bangladeshi community.

By integrating Onfido’s AI-powered ID verification service, MyCash Money users are able to sign up by taking a photo of their government-issued identity document (ID) and taking a selfie. Onfido first checks that the ID seems genuine and is not fraudulent, and then matches it to the user’s face. This ensures the person presenting the identity is its legitimate owner and is physically present.

As MyCash Money scales, Onfido’s identity verification solution will be further leveraged to new territories assisting users to verify their identity within minutes.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: remittances, identity verification, partnership, financial inclusion, Malaysia, digital identity, MyCash Money, document verification
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Malaysia
This article is part of category

Securing Transactions