Card consolidation platform Curve has partnered with Onfido, a global identity verification and authentication company, to speed up and simplify its Digital Identity and KYC processes.
Through Onfido’s AI-powered ID service, Curve customers will be able to sign up by taking a photo of their government-issued ID and selfie.
After this, Onfido will check the ID is genuine, and then match it to the user’s face. The aim is to ensure users are able sign up to Curve anywhere and anytime.
Matt Collinge, Curve’s Chief Product and Technology Officer, said: “Partnering with Onfido removes friction from the onboarding experience for Curve customers enabling them to seamlessly open a safe and secure Curve account in just a few quick and easy steps.
“Onfido’s interface and system is easy to navigate, drawing from a vast database that verifies identity in double quick time, and their portal quickly reports decision outcomes for ID doc and selfie and other KYC processes which have improved the sign up experience for our customers in line with our core compliance objectives.”
“Onboard more users quickly”
Husayn Kassai, CEO and co-founder at Onfido, added: “As a personal user of Curve myself, I’m a big fan of the product. We’re very pleased to be supporting Curve as it continues its mission to free people’s finances and move banking to the cloud.
“We bring trust to digital interactions worldwide, and are delighted to partner with a company that shares our goal of making digital access simple and secure. Because our machine learning models continuously learn to identify new fraud trends, we can enable Curve to onboard more users quickly without compromising on their fraud requirements. This helps build user trust and safety online while meeting KYC and AML regulations.”
The announcement comes as Curve is expanding its international reach. Earlier this year, the fintech announced that its Premium Curve Metal card is now available to customers in the European Economic Area.
According to Curve, Curve Metal was one of the most requested features by its European customers. The contactless card enables customers to access unlimited cashback, increased spend limits, as well as free debit fronted credit transactions. In addition, it is available in three different colours.