OneID, the UK-headquartered identity tech firm that makes it simpler for consumers to prove who they are online or in an all-digital environment, recently announced that it has teamed up with DocuSign in order to offer government-certified ID verification to the firm’s electronic signature solution, eSignature.
Fraud is increasing throughout the world, rising to around £1.4 billion last year according to an update from UK Finance. At the center of this concerning issue is identity, with the report revealing that almost 40% of APP-based fraud losses can be attributed in some way to impersonation schemes.
OneID’s integration with DocuSign assists with addressing this problem, ensuring that when a user signs a document, their identity is properly verified by using the company’s identity verification tech – which may authenticate the identity of online banking clients, equating to more than 40 million UK residents.
At present, its tech reduces friction by eliminating the requirement to build in extra checks and allowing consumers to prove who they really are with just a few clicks and within only a few seconds.
Martin Wilson, CEO at OneID, stated:
“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, clients may reliably send and sign documents from anywhere in the world, with current clients including LinkedIn, AstraZeneca, and Unilever. Its recent integration with OneID into its client journey should boost robust safety measures for its UK customers.
OneID allows people to verify their identity effectively in a manner that is adequately secure and offers bank-verified data. It does not require any registration process, does not store consumers’ personal data, and eliminates the requirement for scanning passports or taking selfies to authenticate identities online.