OneID attains complete certification for use cases involving KYC and AML


Share post:

In the areas of identity verification for Know Your Customer (KYC) and anti-money laundering (AML), OneID, the UK’s digital identity service, has announced that it has achieved a new milestone.

OneID claimed to have undergone extensive independent audits and to have been recognized as a certified electronic identity for KYC and AML procedures. These audits confirm that it complies with strict AML laws and industry norms in the accounting, legal, and financial services sectors.

Under AML regulations, customers can now use OneID to onboard onto products and services, assuring compliance and improving user experience. The company said that by eliminating the requirement for document scanning, this digital ID solution enhances adoption rates.

Read More: OneID receives full certification for KYC and AML use cases

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

BNP Paribas and Ant International Partner To Improve Cross-Border Payment Solutions In Europe

BNP Paribas, a bank in the European Union, has partnered with Ant International, a digital payments and financial...

Wirex And Visa Collaborate To Promote Use Of Digital Currencies In The UK And The European Economic Area (EEA)

Wirex, a Web3 money app, and Visa, a leader in digital payments, have announced a partnership to promote...

Transend Partners With Midland States Bank To Offer Innovative POS Solutions

Transend, a company that offers working capital solutions to businesses, has announced a new partnership with Midland States...

Three in ten adults have been a victim of financial fraud; spurring industry to continue investment to protect consumers

As fraud rates continue to rise, nearly all adults in the UK (94%) now say they are taking...