OneID attains complete certification for use cases involving KYC and AML

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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 Bureauhttps://talkfintech.com
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.

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