Trine, a Swedish-based investment platform, has partnered with Onfido, the global identity verification and authentication company, to accelerate user onboarding, making it quicker and easier for investors to verify their identity during the onboarding process.
Trine makes it easy for people to invest in solar energy in emerging markets, giving investors a chance to be a part of increasing energy access and invest their money for good whilst making a return on their investment.
Onfido’s identity verification technology empowers Trine to expedite user onboarding and streamlining the KYC process. Users simply take a photo of their government-issued identity document (ID) and Onfido’s hybrid document verification solution checks that the ID is genuine and not fraudulent. Users are able to safely start their digital journey anywhere, anytime, through a simple and user-friendly online experience that meets regulatory requirements.
“This new feature will improve our service drastically as we’ve previously had a third-party involved in our KYC process. Through speeding up the onboarding process we hope more investors without Swedish BankID will sign up to invest in a more sustainable world and use their money as a force for good,” said Sam Manaberi, CEO and Co-founder of Trine.
“We’re pleased to be supporting Trine as it continues its mission to empower people to invest in solar energy in growing markets,” said Reuben Sagar, Regional Director at Onfido. “Onfido’s hybrid approach combines the speed and scalability of AI, with expert identity analysts, so forward-thinking companies such as Trine can onboard more users quickly with world-class fraud detection capabilities. This helps build user trust and improves the user experience with a simplified yet fortified identity verification process.”’
“This has been a part of a really exciting project to improve our service as we’re building our own infrastructure. Private investors can now get the same functionality and safety as they would with a bank, yet incorporating an investment product that no other bank has today. The improvements we’re making makes us climb the ladder further to become an investment service that can truly compete with the more established banks and the stock market,” Christian Genne, Head of Engineering at Trine continued.