News

Ondato plans to expand its KYC services in Poland and Germany, raises over USD 511,000

Wednesday 10 June 2020 10:27 CET | News

Ondato has planned to expand its biometric KYC services into the Polish and German markets after raising EUR 450,000 (USD 511,000) in funding from the Startup Wise Guys Acceleration Fund.

The funding is also meant to support further development of Ondato’s remote customer verification technologies. The company is currently focusing on developing a platform to provide AML and customer compliance management, with tools for data management, audits, and reporting.

The company’s tech has been adapted to help insurance companies, law firms, and government agencies provide services during the COVID-19 pandemic, according to Biometric Update. Ondato’s customers include traditional banks such as Luminor, SEB, and Swedbank, and fintechs. 


More: Link


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: Ondato, ID docs, selfie biometrics, Poland, Germany, KYC, AML, customer verification, compliance, management, data, government, banks, fintech
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Poland
This article is part of category

Securing Transactions