Guide to identity verification for banking
Discover how Onfido can help you truly know your customer, drive growth, and prevent fraud while navigating compliance. This report highlights how an identity verification solution can help financial institutions streamline onboarding, keep fraudsters at bay, and satisfy compliance regulations.
Balancing compliance, UX, and security
Expectations of digital banking experiences have never been higher. Customers have ditched branches and expect to sign-up from anywhere at a moment’s notice. At the same time, KYC compliance is globally fragmented and non-negotiable. You need a way to know your customer — no matter where they are or what their risk profile looks like, without relying on expensive, high-friction manual processes.
Identity verification built for better banking
How can Onfido help?
The Real Identity Platform
The Real Identity Platform is how we make identity verification simple. It combines our Verification Suite with a drag-and-drop orchestration solution, Onfido Studio. It's how we help over 950+ global businesses verify the identities of their customers to stay compliant, stop fraud, and enable growth.
Have confidence in your customer’s identity by verifying a photo ID. Powered by Atlas™ AI, our Onfido document verification is fair, accurate, and delivers results in seconds globally.
Build on document verification by intelligently comparing that ID to a real person through facial biometrics. Onfido Motion provides a seamless UX and adds another layer of fully automated, iBeta PAD Level 2 fraud protection.
Proof of Address
Verify a user’s address to meet KYC onboarding requirements. Onfido’s Proof of Address verification makes it easy for your customers to submit documents such as bank statements and utility bills during the sign-up workflow.
Validate applicant data against PEPs, sanctions and adverse media watchlists to meet KYC and AML requirements.