Onfido.com is a leading provider of AI-powered identity verification and authentication solutions for businesses. Their core offering helps companies verify the identity of their users remotely and securely, primarily during customer onboarding. They achieve this by combining document verification (e.g., passports, driver's licenses) with biometric analysis (facial recognition via selfie). This technology is crucial for preventing fraud, meeting regulatory compliance standards such as Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, and enabling seamless digital experiences. Onfido's services are designed to streamline onboarding, reduce manual review, and protect businesses from identity fraud, making it easier for legitimate users to access services while blocking malicious actors. They make money by charging businesses for their verification services, typically on a per-check or subscription basis, serving a global client base across various industries including financial services, gaming, and the sharing economy.
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