OroPocket, an app that permits users to trade crypto and other real-world properties through on-chain synthetics, revealed today that it has actually developed a collaboration with Onfido, an identity confirmation, and authentication platform, to execute safe and quick identity confirmation for user onboarding.
Onfido utilizes expert system (AI) and facial biometrics to confirm identities, offering a much better user experience for OpenDeFi users while reducing scams. The combination automates user onboarding and streamlines Know Your Customer (KYC) requirements.
By incorporating Onfido’s identity confirmation service, financiers can now register on OroPocket by just taking a picture of their government-issued identity file (ID) and selfie. Onfido checks that the ID is real and guarantees the individual providing the identity is the genuine owner and is physically present.
“As OpenDeFi expands into new markets, they can now perform customer 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 app more accessible to Indian as well as global investors via their platform.”
– Harvinder Singh, VP, Sales & Operations (APAC) at Onfido.
OpenDeFi, the business behind OroPocket offers 100% asset-backed banking and fiat on-ramps on its blockchain-based OroPocket app. Within the app, users can purchase numerous property classes, and delight in 100% liquidity—all on the blockchain.
“This collaboration offers OpenDeFi the identity verification technology and experience it requires to maintain its industry-leading position. We have great plans, and we’re thrilled that Onfido’s ground-breaking fraud detection technology will help us achieve them.”
– Tarusha Mittal, Co-Founder at OpenDeFi by OroPocket
