Onfido lands Currencies Direct onboarding partnership

Global identity verification platform Onfido has announced a new customer onboarding partnership with intentional payments provider Currencies Direct

Through the use of Onfido’s AI-based identity verification technology, Currencies Direct expect to expands its international currency exchange offering to more users due to a more streamlined onboarding process.

“Ensuring our customers and business are protected against fraud and that their transactions are secure is critical to the success of our company,” explained Hardik Shah, group head of product, Currencies Direct. 

“We selected Onfido because of its innovative hybrid-AI approach that helps fulfil our vision of seamless and easy onboarding experience, whilst ensuring our high compliance standards are not compromised.”

The firm enables businesses and personal customers to transact international payments, with a reaching 120 countries in over 40 currencies,

Onfido will ensure all KYC and AML requirements set by regulators and Currencies Direct are met during the onboarding process 

“We’re looking forward to working with Currencies Direct to help them grow their business,” said Husayn Kassai, CEO and co-founder, Onfido. 

“Balancing compliance requirements with an elegant and simple customer experience is critical in our online world. We’re pleased to be able to help Currencies Direct achieve this goal and look forward to helping them scale their business.”