OroPocket, an app that allows users to trade cryptos and other real-world assets via on-chain synthetics, today announced that it has partnered with Onfido, an identity verification and verification platform. ‘authentication, to implement secure and fast identity verification for the user integration.
Onfido uses artificial intelligence (AI) and facial biometrics to validate identities, providing a better user experience for OpenDeFi users while reducing fraud. Integration automates user onboarding and streamlines Know Your Customer (KYC) requirements.
By integrating Onfido’s identity verification solution, investors can now register with OroPocket by simply taking a photo of their government-issued ID and selfie. Onfido verifies that the ID is genuine and ensures that the person presenting the identity is the rightful owner and is physically present.
“As OpenDeFi expands into new markets, they can now perform client verification at scale, and Onfido’s comprehensive coverage, spanning over 2,500 document types in 195 countries, will be there to help make the OroPocket application more accessible to Indian and global investors via their platform.
– Harvinder Singh, Vice President, Sales and Operations (APAC) at Onfido.
OpenDeFi, the company behind OroPacket, provides 100% asset-backed banking and fiat access ramps through the OroPocket app. Within the app, users can invest in multiple asset classes and enjoy 100% liquidity, all on the blockchain.
“This collaboration gives OpenDeFi the identity verification technology and experience it needs to maintain its position as an industry leader. We have big plans and we’re excited that Onfido’s revolutionary fraud detection technology is helping us make it happen.
– Tarusha Mittal, co-founder of OpenDeFi by OroPocket