Wallester AS selects Onfido to streamline client onboarding process with AI-powered identity verification

March 9, 2022 Laura Noye

Wallester AS chooses Onfido for its strong service quality in KYC verification, significantly optimising the onboarding process.

Wallester AS, a white-label Visa card issuer, today announced a partnership with Onfido, the global identity verification and authentication company simplifying identity for everyone, to implement Know Your Customer (KYC) verification services to its card-issuing platform, enabling a smooth customer onboarding process. 

Onfido enables Wallester to offer an advanced KYC verification system to fintech companies and other clients, optimizing the customer identification process and ensuring a high-level of fraud prevention in accordance with Anti-Money Laundering (AML) requirements. From the partnership, Wallester can now offer traditional banks the most innovative and efficient solution available.

By integrating Onfido’s AI-powered identity verification service, Wallester users are able to sign up by simply taking a photo of their government-issued identity document (ID) and a selfie or a short selfie video. Onfido first checks that the ID is genuine and not fraudulent, and then matches it to the user’s face using biometric technology. This ensures the person presenting the identity is its legitimate owner and is physically present. Users are able to start their digital journey anywhere, anytime, through a simple and user-friendly online experience that meets regulatory requirements.

“KYC verification is a must have for any responsible fintech company. so it was vital for us to find a reliable partner that aligned with our client onboarding objectives and requirements,” said Sergei Astafjev, CEO, Member of the Management Board, and Co-owner of Wallester AS. “The quality of Onfido services for KYC verification and authentication is second to none. As a result, Wallester can offer their clients the easiest and most convenient onboarding while efficiently solving fraud.”

Wallester AS is able to catch more fraud with use of Onfido’s Known Faces feature which flags duplicate sign up attempts. As a result, the company can quickly resolve repeat identity fraud attempts, while helping legitimate users who may have forgotten they already registered, by assisting with their account recovery. 

“In today’s digital age, consumers increasingly expect a streamlined digital experience so that they can prove their real identity knowing that it’s secure, while businesses expect to be able to easily verify customers in a safe and compliant way,” said Oliver Krebs, SVP EMEA at Onfido. “At Onfido we deliver this, bringing trust to digital transactions worldwide, and we’re pleased to be supporting Wallester AS’s digital initiatives and growth.”

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