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OneID® partners with DocuSign to provide identity verification

OneID® partners with DocuSign to provide identity verification | Fintech Finance

OneID®, the UK-based identity tech company that makes it easier for people to prove who they are online, has today announced it has partnered with DocuSign to provide government-certified identity verification to the company’s leading electronic signature solution, eSignature.

Fraud is rapidly increasing around the globe, rising to £1.4bn in 2021 according to UK Finance. At the epicentre of this growing problem is identity, with the report stating that nearly 40% of APP-based fraud losses were down to impersonation schemes.

OneID’s integration with DocuSign helps tackle this issue, ensuring that when an individual signs a document, their identity is securely verified using the firm’s identity verification technology which can authenticate the identity of all online banking users, equating to over 40 million UK citizens. Crucially, its technology reduces friction by removing the need to build in additional checks and enabling people to prove who they are with a few clicks and within a few seconds.

Martin Wilson, CEO of OneID®, commented: “Trust is at the core of OneID® and the firm has initiated programmes addressing the issues of purchasing restricted goods by underage buyers, reducing fraud, and preventing social media abuse. Now, alongside DocuSign, we are proud to be enhancing safety measures for eSignatures on important documentation to protect consumers and businesses from impersonation fraud and scams.”

With DocuSign eSignature, users can securely send and sign documents from almost anywhere in the world, with current customers including LinkedIn, AstraZeneca, and Unilever. Its most recent integration with OneID® into their customer journey will boost already strong safety measures for its UK users.

OneID® enables individuals to verify their identity quickly and effectively in a way that is secure and provides bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online.

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