Global remittance platform Remitly has partnered with identity verification specialist Onfido to streamline customer on-boarding process.
It partnered with Onfido to offer swift identity record checks to its users across the globe.
The Onfido technology utilises artificial intelligence to complete KYC verification processes of new customers rapidly.
Additionally, it can perform document checks to mitigate security threats.
Remitly Global Payments and Expansion vice president Nate Spanier said: “Onfido’s superior speed, solid match rates and customisable checks have enabled us to rapidly scale into new markets, and add more users to our global community.
“Our users expect to be able to make and receive payments quickly and easily, and Onfido helps us to deliver on that promise without adding friction to their journey.
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By GlobalData“They also give us the assurance we need that our users are who they claim to be, and that’s invaluable as Remitly continues its global growth.”
Introduced in 2011, Remitly is one of the largest digital remittance companies in North America. The services are also available across 12 European countries and also in Australia.
Offering its services to immigrant communities, Remitly is said to have supported more than $6bn worth of transfers through the platform.
Onfido CEO and co-founder Husayn Kassai said: “In a digital age, users need smooth, swift and secure access to services. But delivering that can be a challenge for financial businesses who are subject to complex regulations.
“We understand that challenge, and are very excited to be working with Remitly to deliver a frictionless experience to their users around the world.”