Onfido now serves 2 billion unbanked individuals

Onfido, a global identity verification company, announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. The company stated it plans to use its proprietary technology to verify people’s identification by comparing an identity document to a selfie and is helping convert the previously unbanked for some fintech companies. According to Onfido, the Machine Learning-based solution has the benefit of being able to scan and compute identity documents easily. The company plans the solution can accurately identify documents that have been uploaded using commodity technology like scanners and lower-res smartphone cameras. Read more: crowdfundinsider.com