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What is Onfido?

May 22, 2024June 13th, 2024No Comments

Onfido is a leading technology company specializing in remote identity verification. Utilizing advanced artificial intelligence (AI) and machine learning, Onfido offers a robust solution for verifying the authenticity of government-issued ID documents and matching them with biometric data from selfies or videos. This multi-layered approach ensures that the person presenting the ID is indeed its rightful owner, providing a high level of security and reliability.

How Onfido Works

Document Verification

Customers begin the verification process by uploading photos of their government-issued ID documents, such as passports or driver’s licenses. Onfido’s technology then analyzes these documents, checking for authenticity by examining various security features and data points. This includes looking for holograms, watermarks, and other markers that indicate the document’s legitimacy.

Biometric Verification

After the document verification, customers are asked to take a selfie or a short video. Onfido’s system compares this biometric data with the photo on the ID document to confirm that they match. This step ensures that the individual presenting the ID is the same person depicted in the document, adding an extra layer of security.

Ongoing Monitoring

Onfido doesn’t stop at initial verification. The company provides continuous monitoring and updates to ensure that the verification process remains robust against new and emerging threats. This proactive approach helps to maintain the integrity of the identity verification process over time.

Why Identity Verification is Required for Rutland FX

Preventing Fraud

Verifying customer identities is crucial in preventing fraudulent activities. By ensuring that each customer is who they claim to be, Rutland FX can reduce the risk of identity theft, money laundering, and other illicit activities. This helps to safeguard the company’s services and reputation, providing a secure environment for all users.

Regulatory Compliance

International payment companies are subject to stringent regulations aimed at combating financial crimes. Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is mandatory. Onfido helps Rutland FX meet these requirements by providing a reliable and efficient verification process that aligns with regulatory standards.

Building Trust

Trust is the cornerstone of any financial service. By implementing robust identity verification processes, Rutland FX demonstrates its commitment to the security and privacy of its customers. This fosters trust and confidence, encouraging more users to utilize the company’s services, knowing their identities are protected.

Operational Efficiency

Onfido’s automated verification processes streamline the customer onboarding experience. This reduces the time and resources needed for manual checks, allowing Rutland FX to focus on delivering exceptional service to its customers. The efficiency gained from automation translates into faster and smoother transactions.

Data Protection and Privacy

At Rutland FX, data protection and privacy are paramount. When using Onfido for identity verification, it’s crucial to understand how customer data is handled and safeguarded.

Controlled Access

Rutland FX has controlled access to the verification data through Onfido. The company can view the results of the identity verification, such as whether it passed or failed, to ensure compliance and security. However, Rutland FX does not see the actual selfie or video taken on the Onfido platform, ensuring an additional layer of privacy for users.

Advanced Encryption

Onfido employs advanced encryption techniques to protect data during transmission and storage. This ensures that sensitive customer information, such as ID documents and biometric data, is secure from unauthorized access and cyber threats. By adhering to global data protection regulations, including GDPR in Europe, Onfido ensures that customer data is handled according to strict legal standards, safeguarding privacy and security.

Data Minimization and Retention

Onfido follows principles of data minimization, collecting only the data necessary for verification purposes. The company has data retention policies that ensure customer information is stored only for as long as necessary to fulfill verification and regulatory requirements. Customers also have control over their data and can request to access, rectify, or delete their information in accordance with applicable data protection laws.


Onfido provides transparency regarding data processing activities, ensuring that customers are informed about how their data is used. This openness is critical in building and maintaining trust with users, as they are assured that their personal information is handled with the utmost care and integrity.


Onfido’s cutting-edge technology and rigorous processes make it an invaluable partner for Rutland FX in ensuring secure, efficient, and compliant identity verification. By leveraging AI and machine learning, Onfido not only enhances fraud prevention and regulatory compliance but also builds trust and operational efficiency. Through strict data protection and privacy measures, Onfido ensures that customer information is safeguarded, providing peace of mind for both Rutland FX and its users.

Still not sure?

If you are still unsure or have any further questions, please call us on 0203 026 0112 or request a callback below to discuss your requirements.