Onfido launches in France to meet the growing demand for online identity verification in the fight against fraud

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  • Onfido invests 4 million euros in France, signs the leader in car rental Europcar Mobility Group and the first certified registered mail provider, AR24
  • partners with world renowned augmented identity provider, IDEMIA
  • opens an office in Paris to support the expansion of its client base

January 29, 2019, PARIS: Onfido, the award-winning global identity verification company, today announced that it has signed other leading French brands, including the Europcar brand (part of the Europcar Mobility Group brand portfolio) and AR24, and that it has partnered with IDEMIA, the world leader in Augmented Identity, to promote its rapid expansion in France. In support, he plans to open his first Paris office to help the company meet growing demand for its AI-powered identity service.

Husayn Kassai, CEO and Co-Founder of Onfido, said: “We are delighted to invest heavily in France as the demand for robust Identity Verification (IDV) solutions continues to grow. Paris, being a center of technological excellence, is another ideal location in Europe, augmenting existing offices in San Francisco, New York, London and Lisbon, allowing us to further enhance our support to all of our European customers, including our new customers and partners, Europcar Mobility Group, IDEMIA and AR24.

Onfido launches in France

Onfido’s end-to-end IDV service helps keep fraudsters away from its customers’ platforms. It does this by verifying new users upon registration with a selfie and a photo of their ID. Onfido’s technology then verifies that their ID is genuine, compares facial similarity, and crosses the ID against international watch lists. Using artificial intelligence, Onfido’s technology enables companies to automate checks on more than 4,500 types of documents in 192 countries, automatically detecting anomalies in just 15 seconds and using human experts to check for outliers.

From banking to fintechs and car rentals to online marketplaces, fraud is becoming a growing concern in France as more businesses choose to transact online. McKinsey predicts the digital identity verification market will grow 9-15%, reaching $16-20 billion by 2022, with Europe accounting for $1.8-2.4 billion.

Onfido plans to invest more than 4 million euros over the next twelve months to strengthen its presence in France. Onfido’s Paris office will open in the first quarter of 2019 and will become the company’s seventh global location.

Onfido and IDEMIA today announced a new partnership to streamline digital identity verification and customer onboarding for financial institutions. This new strategic agreement will support Onfido’s global expansion strategy.

Pierre Barrial, Executive Vice President of Financial Institutions activities at IDEMIA, said: “We are delighted to partner with Onfido in order to meet the requirements and needs of our financial institution customers in terms of remote identity verification. Onfido is a perfect complement to the suite of IDEMIA solutions available for the global financial market. It contributes to strengthening our position as the partner of choice for Financial Institutions to strengthen security and confidence in their digital transformation.

Caroline Jannel, Group Customer Journey Director at Europcar said: “As a global provider of mobility solutions – from vehicle rental to car sharing and chauffeur services – with more than 6 million customers using our services daily, whether it’s for an hour, a day, a week or more, being able to verify a client quickly and accurately is essential so that we can get them into a car as quickly as possible. When we reviewed the available IDV solutions, Onfido provided the best speed and user experience we could find. We are now delighted to hear that they are investing more in France, our local market.

Guillaume de Malzac, CEO and Founder of AR24, said: “As the first certified Electronic Registered Mail (ERM) provider in France, we needed a reliable end-to-end IDV solution to secure the identification of recipients of ERMs. Our service is used by thousands of lawyers, government agencies, banks, insurance companies and individuals. Building trust and security is therefore essential. Onfido’s IDV solution offers this in an easy to use package. We are delighted that Onfido is focusing more on the French market and we look forward to growing with them. »

Onfido first entered the market in France in 2014 and early French customers include BlaBlaCar and Drivy.

About Onfido
Onfido verifies the identities of the world. We are developing an AI that sorts real IDs from fake ones and then compares them to facial biometrics. This is how we help businesses onboard more customers, more securely. Our technology attracts more users to your platform, reducing the risk of fraud during onboarding and beyond. Recognized as a global leader in machine learning, we’re backed by Salesforce and Microsoft.

As a team of 250 technologists across 6 countries, we raised $60 million in funding. We power verification for 1,500 clients, including Bitstamp, Revolut, and AllState.

www.onfido.com
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