One, the Sacramento-based digital banking service aimed at driving financial wellness for the middle class, today announced a partnership with Onfido, the global identity verification company, to verify the documents provided by customers and accelerate onboarding.
One’s all-in-one banking platform supports customers’ unique lives, so they can spend less, save more, and easily share money using a single account.
By integrating Onfido’s AI-powered identity verification, One customers can validate the authenticity of their government-issued identity document (ID) by simply taking a photograph. Onfido first checks that the ID is genuine and then matches it to the user’s face. This process checks that the person presenting the identity is its legitimate owner and is physically present.
“We decided to partner with Onfido as we needed a document verification solution that would enable us to scale quickly as we grow into new markets beyond the US,” said Brent Baker, COO at One. “Onfido helps automate much of our KYC process and was incredibly easy to integrate into our existing tech stack, making things not only smoother for our end-users, but also for our internal operations and risk team.”
“Today’s consumer expects a simple digital experience when applying for a banking service online. And making the identity verification process seamless and secure is a critical component of this,” said Kevin Trilli, Chief Product Officer of Onfido. “We enable businesses like One to scale and comply with regulations while detecting and preventing identity fraud. We’re delighted to be partnering with One to provide these services to complement its digital-first approach to banking.”