UK identity verification provider Onfido has partnered with global remittance company TransferGo.Onfido says its machine learning-based identity verification technology will allow TransferGo to rapidly and securely onboard new users.TransferGo said it has more than 650,000 users and are growing 100% yoy (with 1,000 new customers added each day), having completed $1bn in money flow. Their USP is speed, as the only Pan-European money transfer company that can guarantee your money will reach its destination within 30 minutes.TransferGo said it has partnered with Onfido to help them meet the consumer finance challenges of today's global citizens, securely and at scale.Onfido's machine learning technology automates identity verification to enable speedy, secure and scalable user onboarding. TransferGo users simply take a selfie and a photo of their identity document; Onfido's technology then compares the two faces to ensure they are the same, and cross references the identity against international watchlists.Daumantas Dvilinskas, CEO of TransferGo, said: "Onfido enables us to deliver the swift service our customers expect, without compromising on security. Their risk-based approach means we can confidently verify our users, and don't have to add unnecessary friction where it's not needed. Onfido's support is imperative to our international growth, and we're confident that they'll continue to help us strengthen our position into the future."Husayn Kassai, CEO of Onfido, said: "We're proud to be supporting TransferGo as they enter their next phase of growth. As a RegTech, we know how critical a smooth, secure and speedy onboarding process is for users, and look forward to helping TransferGo deliver that to new global markets and across new products."
TransferGo and Onfido partner on finance ID
