[image credit : Mode]
A new UK mobile banking app Mode and Onfido, a global identity verification provider for everyday investors, store and manage BTC, have announced their partnership which will empower Mode’s mobile app to seamlessly verify as well as onboard UK and European citizens to the app.
Through the new association, Mode grows its system of financial innovation partners, each sharing Mode’s fundamental values of security, consistence, and technological innovation. By utilizing Onfido’s AI-empowered verification innovation, amid its clients’ onboarding and ‘KYC’ process, applicants just snap a picture of their govt. provided ID and a selfie; Onfido checks the ID appears to be veritable and matches it to the user’s face.
This guarantees the individual presenting the identity is its authentic proprietor and is truly present. Mode can check applications and users anytime, anywhere, with the most elevated level of consistence with Know Your Customer requirements.
Janis Legler, Head of Product and Partnerships at Mode, said, “Creating a seamless user experience has been critical in the makeup of our mobile application. We are proud to work with Onfido, who closely align with our values and ambitions in this evolving space. Since inception, Onfido has been a true pioneer in the “RegTech” field, bringing credibility to the industry as a whole through its best-in-class AI-driven approach. We are thrilled to be able to show the world how we have integrated this solution and how it provides a unique user experience.”
In addition to identity verification, Mode has worked with Onfido to improve as well as automate one of the greatest torment points in FinTech: the location verification process. This will decrease the requirement for Mode users to explore entangled onboarding procedures.
Husayn Kassai, CEO and Co-Founder at Onfido, said, “We are excited to be supporting Mode’s aim to build a truly secure and efficient digital banking app. We bring trust to digital interactions worldwide, securely verifying a user identity at the onboarding and ongoing management of that identity. Service providers shouldn’t have to compromise on user experience or security, and we’re thrilled to be working with Mode who demand both as they build a next-generation financial ecosystem.”
