Our solutions
- - The Real Identity Platform Build trust with your customers using a flexible, end-to-end identity verification platform.
  - Airside Mobile Verify once, share anywhere.
- - Onfido Studio Orchestrate verifications and signals into easy-to-manage workflows.
  - Onfido Atlas™ Get fair, fast, and accurate results with AI.
  - Smart Capture SDK Integrate an exceptional capture experience.
  - Verification Suite Access a library of verifications and fraud signals.
Challenges we solve
- Challenges
  - Customer acquisitionDrive growth using automated onboarding.
  - Global complianceNavigate regulatory compliance in each region.
  - Cost of customer acquisitionAutomate onboarding processes to reduce costs.
  - Fraud preventionPrevent fraud to protect your business and customers.
  - Customer use cases
- Use cases
  - KYCNavigate know your customer compliance.
  - Identity verificationCreate confidence in user identity.
  - Driver registrationMeet regulatory needs and protect your fleet.
  - User onboardingAutomate onboarding and maximize conversion.
  - Age verificationVerify a customer’s legal age.
- Related content
Industries
- Industries
  - Industries we partner with
  - Financial servicesAutomate onboarding, prevent fraud, and navigate KYC.
  - GamingSeamlessly onboard players and meet KYC requirements.
  - HealthcareKnow your patient using digital verification.
  - Sharing economyProtect your platform, reputation, and users.
  - Retail & eCommercePrevent account takeover and chargeback fraud.
  - TelecommunicationsMeet regulatory requirements and stop fraud.
  - TransportVerify renters, drivers, and riders.
- Financial services in depth
Our company
- About Onfido
- Learn more
- Featured partnership
  - SalesforceLearn how our partnership embeds identity verification directly in Salesforce.
- Latest customer story
  - LemonwayLearn how Lemonway has doubled its number of validated wallets and accounts.
Resources
- Resources
  - BlogRead about all things digital identity.
  - Customer storiesLearn how businesses succeed with Onfido.
  - Reports & whitepapersGet in-depth research, insights, and guidance.
  - VideosWatch expert videos.
  - WebinarsWatch our webinars.
- For developersEverything you need to get started with Onfido.
- Support

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Guide to Identity Verification for Financial Services

As more people access financial services online, a bank’s ability to verify and protect digital identity becomes ever more critical. Add in competition from challenger banks, who are meeting digitally-savvy consumer expectations, and it’s clear financial services businesses are making digital transformation a priority.

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Additionally, as use of smart technology increases, so does the threat from bad actors looking to exploit security gaps. The move to digital banking and processes means financial services businesses must adopt the same level of anti-money laundering (AML) and know your customer (KYC) compliance they have in-branch across online portals and platforms.

At the same time, it’s necessary to enable seamless onboarding experiences for customers who will no longer wait for manual back-office procedures to be completed.

Download this report to learn how identity verification supports financial services in their efforts to:

Streamline onboarding processes
Keep fraudsters at bay
And satisfy compliance mandates

What's new?

Discover more identity insights and resources

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Expectations of digital identity and onboarding

Fraud Report front cover

Identity Fraud Report 2024

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Secure IDV drives stronger engagement

Ready to get started?

Our identity experts are available to talk through your requirements, answer questions, and set up a demo.

Contact us Take a tour

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