Onfido, an Oxford University spin-out, launched the software amid surging identity fraud. Onfido is the leading global digital identity verification and authentication provider. Growing economic pressures, increasing digitization, and pandemic-fuelled upheaval recently led politicians to warn that a fraud epidemic is sweeping across Onfido's home country of the UK. Onfido Face Authenticate, which adds a fast and seamless biometric face authenticator as well as new security tools. Onfido has launched Motion, a biometric anti-spoofing tool aimed at enhancing the functionality of its Real Identity Platform, while ComplyCube has upgraded its SaaS solution for codeless KYC.
Onfido Face Authenticate, powered by FaceTec, is one of several new additions to the Onfido Real Identity Platform. The new product suite provides businesses with the high levels of assurance they need to prove their customers are whom they say they are in a remote setting without compromising user experience or privacy. The company discovered that a sideways glance could expose deepfake video callers.
In the field of identity fraud, both attacks and defenses will continue to rapidly evolve. Onfido says the system's false rejection and acceptance rates are under 0.1%. The verification speed, meanwhile, is 10 seconds or under for 95% of users. The company says these reduced algorithmic biases and false rejections across all geographical regions. Onfido Face Authenticate leverages class-leading, 3D Face Liveness Detection AI during user authentication.
After sharing a photo ID, the user is directed to provide their facial biometrics via a smartphone. Onfido Face Authenticate, in tandem with our verification product, provides a more robust identity lifecycle solution for businesses, ensuring the people accessing online accounts are the same legitimate people who were verified at registration, without compromising user experience or privacy.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.