Another report from a group called ‘Onfido’ came to my attention in the past year. Yes, I’m way behind in the articles I want to read. Almost as badly as I am with reading books. So, first, who is Onfido? Appears to be a group of Oxford students who in maybe 2012 figured out how to automate part of (all?) background checks using AI/ML. They compare selfie-photos with those on scanned documents. They do Optical Character Recognition. Since 2016 they’ve moved into the financial services area with attention on KYC compliance. In 2016 they started getting heavy venture capital funding and have a link to an ex-google dude as CCO (Chief Compliance Officer?). They found a niche and know how to replicate what others do these days when you find one.
So their background justifies the article I’m reading.
SteveV Thoughts on Fraud and Financial Services 