OroPocket is an application that allows users to trade encrypted currencies and other real-world assets through on-chain synthesis. Today, it announced that it has established a partnership with Onfido, an identity verification and identity verification platform, to achieve safe and fast identity verification onboarding for users.

Onfido uses artificial intelligence (AI) and facial biometric technology to verify identities, providing OpenDeFi users with a better user experience while reducing fraud. This integration automates user onboarding and simplifies Know Your Customer (KYC) requirements.

By integrating Onfido’s identity verification solution, investors can now register for OroPocket by simply taking a photo of a government-issued ID and selfie. Onfido will check the authenticity of the ID and ensure that the person presenting the identity is the legal owner and is actually present.

“As OpenDeFi expands to new markets, they can now perform customer verification on a large scale, and Onfido’s comprehensive coverage (covering more than 2,500 document types in 195 countries) will help Indian and global investors more accessible in the following ways OroPocket apps on their platform.”
– Harvinder Singh, Vice President of Onfido Sales and Operations (Asia Pacific).

OpenDeFi, the company behind pocket Provide 100% asset-backed banking and legal currency entry on its blockchain-based OroPocket application. In the application, users can invest in multiple asset classes and enjoy 100% liquidity-everything is on the blockchain.

“This collaboration provides OpenDeFi with the authentication technology and experience it needs to maintain its leading position in the industry. We have good plans, and we are very pleased that Onfido’s breakthrough fraud detection technology will help us achieve these goals.”
– Tarusha Mittal, OroPocket’s OpenDeFi co-founder