Vodeno provides the full core banking suite for Aion Bank, while Onfido ensures that the Aion Bank team knows the real identities of their customers in the digital world. As a digital-first bank, Aion Bank must ensure that they’re fulfilling regulatory requirements such as ‘Know Your Customer’ (KYC). In a traditional branch-based setting, this could be achieved with manual, face-to-face interactions. However, Aion wanted to avoid this for two reasons: industry disruption and customer experience.
AI-powered identity verification from Onfido uses a photo of the government-issued ID and facial biometrics, allowing Aion Bank to set itself apart from other digital banks by creating a secure environment for trading without hampering the user experience. The key results of the partnership so far are:
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