UK Fintech selects Onfido to provide streamlined on-boarding

The banking platform that consolidates multiple cards and accounts into one smart card and app, Curve has announced it has partnered with Onfido, the global identity verification and authentication company, to speed up, simplify, and unify its Digital Identity and Know Your Customer (KYC) processes.

By integrating Onfido’s AI-powered ID verification service, Curve customers are able to sign up by simply taking a photo of their government-issued identity document (ID) and selfie.

Onfido first checks that the ID seems genuine and is not fraudulent, and then matches it to the user’s face. 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.

Through Onfido’s AI-based technology, Curve customers are able to digitally identify themselves safely and securely with minimal friction in less than a minute.

“Partnering with Onfido removes friction from the on-boarding experience for Curve customers enabling them to seamlessly open a safe and secure Curve account in just a few quick and easy steps,” said Matt Collinge, Curve’s Chief Product and Technology Officer.

“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.” he 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,” said Husayn Kassai, CEO and Co-founder at Onfido.

“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.”

Startup Details

Startup Details

TOTAL FUNDING AMOUNT $74.2M
CB RANK (COMPANY) 176

Curve

Curve is a banking platform, consolidating all your cards and accounts into one smart card and even smarter app. It allows customers to supercharge their legacy banks to the 21st century without leaving their bank or topping-up.

Curve offers a host of benefits to its customers; it makes all your cards fee-free when spending abroad, you get instant notifications and categorisation of spend, you can earn instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury’s and Time Travel enables customers to swap spend to a different card in the app for up to two weeks after the purchase was made.

  • Headquarters Regions
    London, UK
  • Founded Date
    Apr 2, 2015
  • Founders
    Shachar Bialick
  • Operating Status
    Active
  • Number of Employees
    101-250