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TBI Bank partners Onfido to add to onboarding process

Tuesday 16 February 2021 12:15 CET | News

Bulgaria-based TBI Bank a phygital lender, has announced its partnership with Onfido, a global identity verification and authentication provider.

The partnership will help TBI Bank to make its onboarding process more secure. Before partnering with Onfido, the onboarding was achieved with live video calls with an agent, a process that was time consuming and sometimes inconvenient.

By integrating Onfido’s AI-powered ID verification service, TBI’s customers can sign up by taking a photo of their government-issued identity document (ID) and taking a selfie. Onfido first checks that the ID is genuine and then matches it to the user’s face. This ensures the person presenting the identity is its legitimate owner and is physically present.


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Keywords: TBI Bank, Onfido, banking, onboarding, KYC, Bulgaria, ID verification, ai id, partnership, securing transactions
Categories: Banking & Fintech | Digital Identity, Security & Online Fraud
Countries: Europe
This article is part of category

Banking & Fintech