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Research whitepaper: is digital now the default for financial services customers?

The last year has been a crash course in digital engagement - for both customers and banks.

Onfido and Okta ran exclusive joint research to examine how customers feel about moving online. 5,000 respondents from the UK, US, France, Germany and the Netherlands told us how they feel about digital access.

Read the report to learn

  • How COVID-19 has changed consumer’s relationship with digital identity

  • What the role of the branch is in a post-COVID world

  • What user’s expectations are of digital and omnichannel access

  • How users want to authenticate themselves

  • What banks should do to meet customers' expectations

Insights from our research

77% of customers

77% of customers

happy to never visit a bank branch

67% of customers

67% of customers

want to be able to sign-up for a new account online

9 in 10 customers

9 in 10 customers

agree that businesses should allow them to access services in whatever way suits their needs

Why do innovative banks choose Onfido?

Chipper Cash

Chipper Cash

95% automation rate when verifying customers

KOHO

KOHO

15% more users verified and onboarded

First Bank

First Bank

80% faster to onboard new customers

How does it work?

Users simply take a photo of their ID and snap a selfie. Onfido then digitally proves a user’s real identity using artificial intelligence (AI), by verifying that photo ID is genuine and comparing it to the person’s facial biometrics.

  • Leverage a customizable platform to fine tune the balance between security and convenience to meet your risk thresholds.

  • Get comprehensive identity verification checks to stop fraudsters and keep your company and revenue safe.

  • Stay compliant with KYC and AML without overwhelming your manual review staff and increasing your operational costs.

Want to learn more?

Read the report
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Onfido uses 256-bit SSL encryption 100% of the time on every device.

BSI ISO/IEC27001

Onfido has been certified by BSI to ISO 27001 under certificate number IS 660122.

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Company Registration Number: 07479524.