Onfido announces inaugural Global Fraud Index

Friday 25 October 2019 13:39 CET | News

With fraud insights gained from millions of identity documents it analyses every year, Onfido has published the company’s inaugural Global Fraud Index.

The old shared identity ecosystem of centralised models simply no longer works because it’s vulnerable to being hacked, according to the official press release. Onfido believes that identity is the key to access and this key should be held only by the customer but used across multiple businesses to aid access and convenience for faster onboarding without compromising security.

With just a photo of an identity document and a selfie video, anyone can access a host of online services in a matter of seconds from some of the biggest names in financial services, transportation, online marketplaces and communities, gaming and other industries—all fuelled by Onfido’s artificial intelligence-powered identity verification.

Onfido will demo new machine learning capabilities at its booth (#4311), at 2019 Money20/20 US.

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Keywords: Onfido, Global Fraud Index, identity verification, AI, facial recognition, Money 20/20
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime

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