Digital ID verification company OCR Labs Global will deploy its technology into fyio, a new app designed to navigate life and documents.
This partnership aims to create a platform to mitigate risk for both sharer and recipient.
The fyio community will benefit from a seamless and secure end-to-end workflow when verifying sensitive documents. It will also lay the foundation for fyio Pro, a new and secure document-sharing service.
fyio Pro will launch in early 2023. It will allow users to store documents and get them verified directly via OCR Labs Global technology at the click of a button. The verified document can be shared with the party who needs to review it within the fyio ecosystem.
Users can also limit the amount of time they share their data, rather than leaving the data stored for an indefinite time period.
fyio is on a mission to transform paperwork. Its mobile app combines a digital filing cabinet, highly secure document share function and a fyio personal assistant.
fyio CEO and co-founder Sarah Wrixon said, “fyio set out to be a disruptor and a unique problem solver in the life and document management space. OCR Labs Global is the leading IDV service provider in the UK market and has a strong international presence.
“This partnership further strengthens our position as we plan to expand internationally and will offer the fyio community access to a simple and globally recognised document verification function. In due course, all members will be able to share their verified documents securely with professional and financial service providers within our ecosystem.”
OCR Labs has established a number of partnerships this year. Last month, the digital ID verification company teamed up with Synectics Solutions, the creator of the digital identity verification solution SynID.
This agreement will support all eligible people who need to prove their right to work or rent in the UK.
Copyright © 2022 FinTech Global
Copyright © 2018 RegTech Analyst