Remote onboarding platforms are using Sumsub and Signzy for biometric identity verification. Sumsub, collaborating with Telus Digital, provides a suite of identity verification technologies while reporting a notable increase in identity fraud concerns. Signzy partners with ONEngine.ai to streamline the onboarding process for remote workers, integrating advanced KYC and verification APIs to facilitate compliance and security.
Remote worker onboarding platforms are increasingly opting for Sumsub and Signzy for biometric identity verification. Sumsub, in collaboration with Telus Digital, offers a robust tech stack that includes phone and email verification, IP risk assessment, and ID verification using optical character recognition (OCR).
Sumsub’s Identity Fraud Report 2024 indicates a rise in identity fraud concerns amongst businesses, increasing from 1.1% to 2.6% from 2021 to 2024. The Association of Certified Fraud Examiners (ACFE) has reported median losses of $200,000 due to internal fraud in large companies, highlighting the critical need for effective identity verification solutions.
Enda Cunnane, VP of AI services at Telus Digital, emphasizes the need for advanced security against evolving threats such as VPN usage, fake IDs, and deepfake videos. Partnerships with identity verification firms like Sumsub enable Telus Digital to enhance security while managing operational costs, ensuring client trust through proactive risk management.
In 2023, Sumsub introduced deepfake detection capabilities to its biometric liveness detection technology. Co-founder and CEO Andrew Sever affirms their commitment to delivering optimal customer experiences without sacrificing security. Sumsub’s tailored solutions foster market growth while adhering to compliance with regulatory standards.
Meanwhile, Signzy has partnered with ONEngine.ai, a no- and low-code workflow automation platform, to streamline biometric ID verification for remote employees and contractors. This partnership will integrate Signzy’s APIs for KYC, ID verification, and thorough background checks, facilitating rapid and secure onboarding processes.
The integration into ONEngine.ai’s platform provides real-time validation of Social Security Numbers, government IDs, biometrics, and Employer Identification Numbers, ensuring compliance with anti-money laundering (AML) regulations.
Signzy VP of Sales Saurin Parikh states that this API integration allows businesses to scale confidently while meeting stringent regulatory compliance requirements. The necessity for efficient verification systems becomes even more apparent with risks of fraud, including hiring from high-risk regions.
The partnerships between Sumsub and Telus Digital, as well as between Signzy and ONEngine.ai, signify a strategic move towards enhancing the security of onboarding remote workers. As identity fraud continues to rise, these companies are developing robust solutions leveraging advanced technologies such as biometric verification and real-time data checks. Such innovations are crucial for businesses to mitigate risks and maintain regulatory compliance in a swiftly adapting landscape.
Original Source: www.biometricupdate.com
