Augmented identity firm IDEMIA has announced a partnership with identity verification firm ONFIDO to enhance digital identity verification and customer on-boarding for financial institutions.Instead of driving customers to physical branches, the companies claim the joint solution helps financial institutions to deliver a hassle-free online experience and, therefore, boost customer acquisition and improve operational efficiency. The solution enables an institution to verify user's ID and then ensures the person holding the ID is the same person, by comparing the identity document to a selfie.IDEMIA says: "Financial institutions have a strong requirement to verify identities when providing trusted services to clients and to comply with regulations, such as Know Your Customer and Anti-Money Laundering, but also to fight against fast-growing identity fraud."We are thrilled to join forces with ONFIDO in order to meet the requirements and needs of our financial institution customers in remote ID proofing," says Pierre Barrial, executive vice-president for Financial Institutions activities at IDEMIA. "ONFIDO is a perfect complement to the IDEMIA suite of solutions available to the financial market globally. It contributes to strengthen our position as the partner of choice of Financial Institutions for building security and trust in their digital transformation."Husayn Kassai, CEO and co-founder at Onfido comments: "We are thrilled to announce our partnership with IDEMIA. The alignment of Onfido's identity verification and facial biometrics capabilities with IDEMIA's technology, coupled with their strong presence in financial services institutions will deliver unquestionable value for our mutual prospects and customers."

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