Onfido (an Entrust company) has received the “Best Use of AI for Authentication” award at the 7th annual AI Breakthrough Awards. Presented by AI Breakthrough, a leading market intelligence organization, the award recognizes the top companies, technologies, and products in the global artificial intelligence market, honoring creativity, hard work, and success. With over 5,000 nominations from around the world, Onfido is joined by an impressive list of companies that won this year, including Adobe, Dell, and IBM.
In addition, Onfido is positioned as a Clear Technology Leader in the Quadrant Knowledge Solutions SPARK Matrix™: Identity Capture and Verification Solutions, 2024. The report analyses vendors’ positioning, which is determined by the dual metrics of technological excellence and customer impact. The Onfido Real Identity Platform, provides end-to-end identity verification powered by Atlas™ AI, which utilizes machine learning micro-models to verify documents and biometrics with pixel precision.
Minh Nguyen, Chief Product Officer, Onfido
Setting new standards with next-gen biometrics and fraud detection capabilities
The Real Identity Platform enables Onfido’s customers to tailor verification methods to individual user and market needs in a no-code orchestration layer. At the heart of the platform is Motion, the next-generation biometric liveness solution that extends far beyond traditional biometric authentication methods, requiring only a simple head-turn to verify users. With a 95% first-time pass rate and results delivered in less than 15 seconds, Motion sets the industry standard for both fraud prevention and user experience.
Launched in late 2023, the Onfido Fraud Lab is at the forefront of identifying and mitigating emerging fraud threats. It’s in the lab that Onfido creates synthetic fraud attacks at scale in response to the 31X increase in AI-generated deepfakes, as reported in the Identity Fraud Report. By meticulously crafting 250,000 datasets tailored for Onfido Motion, the Fraud Lab delivers a 10X improvement in anti-spoofing measures and prevented $3.9 billion in fraud losses for a global client base over the past year. These innovations exemplify Onfido’s commitment to consistently delivering innovative AI technology to address complex security challenges, securing its leadership in the AI industry and setting new standards for identity verification.
Trial Onfido's award-winning Real Identity Platform, or take an interactive tour here.
