Over 10 million travelers have utilized Airside’s shareable digital identification technology, which is regarded as reliable by many U.S. government organizations, including the Transportation Security Administration (TSA). The major airlines in the world are among its clients, permitting travelers to use the apps like Airside Digital Identity to breeze through US airports since the app provides users with official documents like government-issued ID and health records.
According to Onfido, which already provides ID verification to a variety of industries, the acquisition “will enable businesses to create a seamless user experience that supports more effective onboarding and expanded customer relationships, while radically reducing fraud and minimizing the liability associated with handling sensitive data.”
This partnership may have wide-ranging effects on the financial services sector because it will enable financial institutions to confirm a customer’s ID without requiring them to scan and submit papers each time they sign up. KYC screening has grown to be a significant compliance burden for banks and other financial service providers since Russia’s invasion of Ukraine triggered a series of international sanctions. Other uses include e-commerce and internet platforms in addition to travel and fin
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