OroPocket, an app that allows users to trade crypto and other real-world assets via on-chain synthetics, announced today that it has established a partnership with Onfido, an identity verification, and authentication platform, to implement safe and fast identity verification for user onboarding.
Onfido uses artificial intelligence (AI) and facial biometrics to validate identities, providing a better user experience for OpenDeFi users while decreasing fraud. The integration automates user onboarding and streamlines Know Your Customer (KYC) requirements.
By integrating Onfido’s identity verification solution, investors can now sign up on OroPocket by simply taking a photo of their government-issued identity document (ID) and selfie. Onfido checks that the ID is genuine and ensures the person presenting the identity is the legitimate 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 company behind OroPocket provides 100% asset-backed banking and fiat on-ramps on its blockchain-based OroPocket app. Within the app, users can invest in multiple asset classes, and enjoy 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
