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Digital lender SalaryDost selects Onfido for ID verification

Identity verification and authentication supplier Onfido has partnered with digital consumer lending platform SalaryDost to provide verification with real-time live video checks.

The Indian lender specialises in the small loan market, using a mobile-based application to provide bridge loans with a credit scoring algorithm, customer profiling, digital discovery platform and touchless workflows.

SalaryDost will use Onfido’s machine learning technology to verify the identities of new users signing up to the platform while enabling scalability, compliance and security.

Commenting, Mrityunjay Shahi, CEO and Founder of SalaryDost, said: “We are excited to be working with Onfido to leverage best in class intelligent technology to identify fraudulent attempts on our online loan applications.”

“We have been able to scale our risk processes by relying on a trusted partner like Onfido and look forward to scaling together with them in the future, offering customers a seamless online onboarding experience.”

Husayn Kassai CEO and Cofounder at Onfido

Husayn Kassai, CEO and Co-Founder at Onfido

First, the AI-technology assesses whether the government-issued identity document uploaded by the user seems genuine. Users then take a live video selfie and Onfido’s biometric analysis compares it to the ID to check it matches the user. The process automates the KYC process, securely verifying identities, and detecting fraud and spoofing attempts.

“Businesses shouldn’t have to choose between a smooth digital journey and strong fraud protection, and we’re pleased to be helping SalaryDost achieve both,” Husayn Kassai, CEO and Co-Founder of Onfido, added.

“We bring trust to digital interactions worldwide, and we’re excited to be partnering with an equally ambitious company. We pride ourselves on delivering an experience that’s as rapid as it is robust, automating the KYC process to provide fast and easy access.”

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