EPG Financial Services, a subsidiary of the Merkur Group, has partnered with SONIO to enhance the user verification process for its e-wallet app, paylado. The partnership aims to streamline and expedite the verification process by leveraging advanced technology.
Instead of lengthy verification procedures, paylado users can now simply take a photo of their ID/passport and complete a quick selfie. The integration of AI technology ensures authenticity and prevents the use of pre-existing images. The captured selfie acts as a liveness check, providing a secure and accurate verification process.
Upon successful completion, users will receive instant confirmation of their verification status, with paylado accounts promptly upgraded to fully verified. This streamlined approach not only enhances security measures but also provides a hassle-free onboarding experience for users.
The SONIO Orchestration Layer enhances the customer onboarding experience by seamlessly integrating with any chosen service. It consolidates various service offerings into a unified Identity as a Service (IDaaS) solution, ensuring compliance with regulatory standards.
Daniel Diehl, Director of Product at paylado, expressed excitement about the partnership, stating that SONIO’s technology would redefine the user verification process within the paylado application. This collaboration sets new standards for speed, security, and user convenience in digital identity verification.
Dieter Kindl, Chief Business Officer at SONIO, added his enthusiasm for supporting paylado and highlighted SONIO’s single integration approach, which enables swift adaptation to regulatory changes and compliance directives.
This partnership not only enhances paylado’s operational efficiency but also contributes to the fintech industry’s efforts to combat financial crime and ensure user safety. By combining paylado’s robust payment processing platform with SONIO’s cutting-edge verification platform, the two companies are leading the industry towards a more secure and compliant future.