The world has truly gone digital. It is currently estimated that 3.8 billion people own a smartphone1, representing almost half of the entire world’s population. The rapid ascendance of smartphones around the world in recent years has upturned much of how we live our lives, from social media to online shopping. Banks and financial services companies have also had to adapt to this new digital landscape, providing their customers with new ways to access and manage their accounts.
Identity confirmation provider HooYu Identify has partnered with BCRemit, an online money transfer platform which aims to provide the lowest transfer fees in the market and differentiate themselves as a fast and convenient way to transfer money.
HooYu Identify helps speed up BCRemit’s customer on boarding by providing an innovative approach to identity verification. HooYu Identify is the first reg-tech company to combine multiple identity technologies including ID document authentication, facial biometrics, digital footprint analysis from a customer’s online history, PEPs and Sanctions checks and identity scoring.
BCRemit selected HooYu Identify to improve the customer experience when traditional identity database checks fail and also as an additional tool to verify customer identity where there was increased risk or suspicion.
Oliver Calma, Managing Director of BCRemit commented; “HooYu Identify is a great compliment to the traditional database identity check approach. Given that majority of our customers are migrant workers, HooYu Identify makes it easier for our new customers to be verified and on-boarded, particularly those who are new to the country and do not have sufficient “credit footprint”. HooYu Identify also catches fraudsters that sometimes slip through identity database checks where they have already committed identity theft and know the name and address of the person they are impersonating.”
David Pope, Director of Marketing at HooYu Identify said, “Our partnership with BCRemit shows how HooYu Identify can improve customer on boarding and can fulfil KYC and AML compliance checks without inconveniencing the end user. This enables our clients to improve conversion, still offer the consumer a smooth customer journey and comply with AML regulations”.
The HooYu Identify service is integrated into financial services firms’ online application processes. HooYu Identify cross-references and analyses data from a person’s digital footprint to confirm their real-world identity. HooYu Identify also extracts and verifies data from ID documents at the same time as authenticating the ID document and conducting a biometric facial check comparing a selfie of the customer with the facial image on their ID document.
The 2021 International Businesses Awards (IBA) program has named Shufti Pro the winners of two Stevie awards under the ‘Company of the Year’ category. The global identity verification service provider, Shufti Pro, has bagged a Gold Prize in the category Company of the Year for “Computer Services – Small” and a Bronze Prize in the “Financial Services – Small” category.
Created in 2002, Stevie® Awards are the world’s premier awards that recognize and honour the achievements and positive contributions of businesses across the globe. The 2021 IBAs received a pool of 3,700 entries from organizations in 65 nations and territories, where Shufti Pro won two awards for its remarkable global services amidst COVID-19.
The winners of the Stevie Awards were determined based on the average scores of more than 260 innovators, executives, business educators and entrepreneurs worldwide that participated in the judging process from June through early August. The wide range of categories included Best Company, Marketing Campaign, New Product or Service, Startup, Corporate Social Responsibility Program, and Executive.
“It feels great to see the world recognizing the efforts made by Shufti Pro in securing businesses against emerging threats of financial and identity crimes,” stated CEO of Shufti Pro, Victor Fredung, “We are successfully leveraging state-of-the-art technology to elevate identity verification and authentication requirements for our clients around the world, and will continue to meet customer demands and expectations in the future as well”.
iDenfy, a global identity verification service that provides a secure and reliable solution to instantly verify consumers identity online, announced its partnership with Sparlay today. Sparlay is a free peer-to-peer sports betting platform that allows bettors to choose their own lines, spreads, odds and even challenge specific users or the public in sports bets.
Sports betting is one of the most highly regulated industries, with every country establishing different laws and regulations around the industry. Using iDenfy’s identity verification technology, Sparlay will be able to ensure that only users that are in legal territories will be able to deposit money and wager real funds in the application.
Sparlay CEO and Founder Elliott Workman emphasized the security of the app in result of the partnership with iDenfy, “iDenfy was an easy choice – affordable pricing and a very technical platform that I can depend on. My customers feel safe knowing that they can play on Sparlay legally and fairly. In addition to verifying my customers’ identity, iDenfy also runs the users against anti-terrorist and anti-money laundering watchlists, helping keep me and my customers fully protected.”
iDenfy CEO Domantas Ciulde welcomed Sparlay as its latest addition to the iDenfy portfolio saying, “This partnership allows us to continue expanding into the gaming industry where safety and security are essential. We have full confidence in the capabilities of our identity verification technology to aid in safe online betting and are excited to enable Sparlay to grow in result of our partnership.”