Payments and ID platform Nuggets will leverage the identity verification software of Onfido to authenticate and onboard new users.
The new deal will see Onfido deploy its AI-powered solution and will support KYC of multiple products. Its new onboarding process is already available on its platform.
Onfido leverages AI technology and liveness detection software to provide ID verification on mobile, iOS, and Android devices. A user simply takes a selfie and a photo of their identity document. The platform checks the government identity to legitimate and then matches it to the user’s face.
Nuggets is a payment and ID solution which gives consumers the power to complete secure payments while their personal and payment data is stored safely on blockchain technology.
Onfido CEO and co-founder Husayn Kassai said, “We firmly believe that the days of centralized models are numbered and that the way forward must allow for greater security and privacy, as Nuggets has been able to achieve. We’re excited about this opportunity to work with Nuggets to evolve a self-sovereign identity solution, which users can use to verify their identity. By collaborating and sharing resources, both companies can help accelerate change.”
The RegTech has made a number of partnerships this year including a deal with Civic Wallet, a digital wallet that stores both cryptos and personal data. Onfido supplies the company with its KYC technology to support onboarding processes.
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