back Back

OneID partners with DocuSign to provide identity verification

By Joy Dumasia

August 02, 2022

  • APP Fraud
  • Digital Identity
  • DocuSign
Share

OneID, the UK-based identity tech company that makes it easier for people to prove who they are online, has announced it has partnered with DocuSign to provide government-certified identity verification to the company’s leading electronic signature solution, eSignature.

Fraud is rapidly increasing around the globe, rising to £1.4b in 2021 according to UK Finance. At the epicentre of this growing problem is identity, with the report stating that nearly 40% of APP-based fraud losses were down to impersonation schemes.

OneID’s integration with DocuSign helps tackle this issue, ensuring that when an individual signs a document, their identity is securely verified using the firm’s identity verification technology which can authenticate the identity of all online banking users, equating to over 40 million UK citizens. Crucially, its technology reduces friction by removing the need to build in additional checks and enabling people to prove who they are with a few clicks and within a few seconds.

Martin Wilson, CEO of OneID, commented: “Trust is at the core of OneID and the firm has initiated programmes addressing the issues of purchasing restricted goods by underage buyers, reducing fraud, and preventing social media abuse. Now, alongside DocuSign, we are proud to be enhancing safety measures for eSignatures on important documentation to protect consumers and businesses from impersonation fraud and scams.” 

With DocuSign eSignature, users can securely send and sign documents from almost anywhere in the world, with current customers including LinkedIn, AstraZeneca, and Unilever. Its most recent integration with OneID into their customer journey will boost already strong safety measures for its UK users.

OneID enables individuals to verify their identity quickly and effectively in a way that is secure and provides bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online.

Previous Article

August 02, 2022

X-Margin announces its rebranding to Credora

Read More
Next Article

August 02, 2022

Clix Capital partners with Bank of Baroda to disburse healthcare loans

Read More








IBSi Daily News Analysis

Merchants, payments, UAE

April 24, 2024

APP Fraud

Why are online payments experiencing significant fluctuations across various sectors in UAE?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 22, 2024

Nium taps Trulioo to enhance payment compliance in the UK

Read More

April 19, 2024

Decentro elevates its DigiLocker Stack to secure KYC processes in India

Read More

April 18, 2024

5 RegTech platforms streamlining finance compliance in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023