Mode Banking, an app-based Fintech that is part of the R8 Group, has formed a partnership with Onfido so users may buy, hold or sell Bitcoin, according to a release. Onfido is a global identity verification provider.
Mode described the partnership as “expanding its network of industry-leading financial technology partners.”
Onfido utilizes AI-enabled verification technology to provide a KYC process.
Mode is also working with Onfido to simplify and automate the address verification process.
Janis Legler, Head of Product and Partnerships at Mode, said that creating a seamless user experience has been critical for their mobile application:
“We are proud to work with Onfido, who closely align with our values and ambitions in this evolving space. Since inception, Onfido has been a true pioneer in the “Regtech” field, bringing credibility to the industry as a whole through its best-in-class AI-driven approach. We are thrilled to be able to show the world how we have integrated this solution and how it provides a unique user experience.”
Husayn Kassai, CEO and co-founder at Onfido, said they bring trust to digital interactions worldwide and they are excited to be supporting Mode’s digital banking app:
“Service providers shouldn’t have to compromise on user experience or security, and we’re thrilled to be working with Mode who demand both as they build a next-generation financial ecosystem,” Kassai said.