b-sharpe chooses Onfido for best-in-class identity validation and faster customer onboarding

November 26, 2019 Paul Jarratt

Today we announced a partnership with b-sharpe, a leading Swiss company in online currency exchange, to provide a better sign up experience to its users when verifying  identities on their platform. Onfido’s AI-powered identity verification technology allows b-sharpe to drastically accelerate its customer onboarding while remaining financially compliant.

b-sharpe, which has processed more than 1 billion Swiss Francs worth of transactions and has nearly 14,000 customers, offers a simple, fast and effective currency exchange solution for companies and individuals. Thanks to its intuitive interface and competitive and transparent pricing scheme, b-sharpe considerably simplifies foreign exchange transactions and allows its customers to make on average 70% savings compared to traditional players.

By integrating Onfido’s AI-powered ID verification service, b-sharpe customers are able to sign up, confirm their identity and finalize their registration in 10 minutes, and be granted an active account in less than 24 hours. To do this they simply take a selfie and a photo of their identity document; Onfido first checks that the government ID seems genuine, and then matches it to the user’s face. This ensures the person presenting the identity is its legitimate owner, and is physically present. 

“We decided to go with Onfido as we needed a powerful ID validation solution to reinforce our mobile-first strategy and customer-centric digital service platform,” said Jean-Marc Sabet, CEO and founder of b-sharpe. “Onfido’s AI-powered service not only speeds up our customer onboarding but provides a seamless branded experience for our customers that results in increased conversion rates for our business.”

“In today’s digital age, consumers increasingly appreciate access to transparent currency exchange rates for their global money transactions,” said Husayn Kassai, CEO and co-founder at Onfido. “We understand this challenge and it's why we are excited to partner with b-sharpe, to deliver a frictionless experience to their users, while maintaining financial compliance.”

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