Onfido, the prominent global digital identity verification and authentication provider, unveiled Motion, a next generation biometric facial technology to enrich its real identity platform, which was launched in May 2022. Motion offers an inclusive, dependable, and harmonious consumer authentication and is iBeta level 2 compliant. By way of an effortless head-turn capture, firms would be able to automate customer onboarding and evaluate more consumers swiftly and effectively whilst lowering their fraud exposure.
Identity fraud has rocketed 43% incessantly year-on-year with sophisticated fraud rising 57% as offenders utilized harsher strategies employing accurate 2D/3D masks and positioning display incidents (for instance, the face is in a digital display screen) by presenting diverse types of spoofing faces since face images can be readily accessible to invaders from social platforms. The opportunities for fraudsters are expanding, with nine out of ten consumers access digital services on a day-to-day basis.
Companies ought to offer more accurate fraud measures when verifying new and existing customers and should also ensure they can establish trust with potential customers in under 10 minutes or take the risk of losing prospective customers. Fortuitously, customers are progressively more embracing biometrics, with 77% reporting that biometrics are more convenient than inherited verification techniques.
Motion is created on Onfido’s award-winning AI technology, Atlas, certifying customers benefit from AI that is high-speed, accurate, and clear, with next generation fraud detection operation on a comprehensive level. Utilizing Motion, user bias is decreased across all ethnicities, with Onfido’s sophisticated machine learning simulations. These simulations have been trained on a sizeable amount of fraud samples and evaluate numerous aspects of identity document and facial biometrics to prevent fraud and decrease predisposition.
The Onfido Real Identity Platform is designed to ensure trust between businesses and their customers all through the customer lifecycle. It instinctively authenticates a customer’s identity using wise blend award-winning document and biometric verification, passive fraud indicators and reliable data sources. Ninety-five percent customers can now be onboarded in 10 seconds or a smaller amount, with false acceptance levels and false rejection levels of less than 0.1%, with add on of Motion.
Onfido customers use of biometrics has soared 160% year-on-year
Onfido customers use of biometrics has soared 160% year-on-year as new businesses need to uphold their companies, while offering the finest user experience imaginable. The market-leading compliance platform Amiqus, utilized to digitally onboard staff, embraced Motion and stated that the Amiqus platform is certified to the high-ranking level by the UK Government and DBS digital identity schemes.
A substantial number of regulated firms and public sector organizations operating at a magnitude rely on them to provide seamless, strong, accessible pre-employment screening staff onboarding, said Callum Murray, CEO and Founder of Amiqus. Motion by Onfido is a wonderful add-on to this expertise and delivered at a moment when businesses are acutely aware of the need to meet digital right-to-work obligations.
Check, the micro-mobility, and scooter platform is one of the initial Onfido clients to use Motion. Rick Van’t Hof, Product Owner at Check stated that utilizing Onfido Motion has made it clear to their customers what is being asked of them when being verified. Van’t Hof added that this allows them to set up an account in moments, whilst allowing them to keep operating costs at a low level and operate effectively as an agile and flourishing industry.