Financial services
Identity verification
for banks
Identity verification is the foundation of effective KYC compliance, fraud detection, and user onboarding programs. It’s the first step to building successful relationships with your customers and regulators. Onfido makes it simple in an end-to-end platform.
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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.
Challenges
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
Competitive compliance
Meet a range of regulatory requirements from a single platform.
Effortless onboarding
Maximize onboarding conversion with intuitive identity verification.
Effective fraud prevention
Prevent fraudulent onboarding with a multi-layered approach to identity.
Efficient KYC processes
Optimize your onboarding processes with AI-powered automation.
How can Onfido help?
The Real Identity Platform
Document Verification
Motion
Proof of Address
Watchlist
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.
Document Verification
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.
Motion
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.
Watchlist
Validate applicant data against PEPs, sanctions and adverse media watchlists to meet KYC and AML requirements.
Built around privacy and security
SOC 2 Type II compliance
Strong safeguarding protocols keep customer data safe.
Certified to ISO 27001
Under certificate number IS 660122.
ICO Regulatory Sandbox partner
We defined our approach to algorithmic bias and data processing with the ICO.
GDPR compliance
Hundreds of businesses stay GDPR compliant when using our solutions.
Trusted by leading banks worldwide
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