Onfido acquires Airside for a ‘Verify Once, Share Anywhere’ digital identity

Rick Steves

“By teaming up with Onfido and layering in their trusted verification technology with Airside’s Digital ID, we can take identity to the next level with the same ease and trust we have with online payments.”

Onfido has acquired Airside Mobile, Inc., a provider of private, digital identity sharing technology and a pioneer in user-controlled digital identity in the travel industry.

With the acquisition, the global leader in automated identity verification will pursue a world of ‘Verify Once, Share Anywhere’ digital identity. Onfido wants to apply user-controlled digital identity to financial services, among others.

Onfido to leverage Airside’s user-controlled digital identity

Mike Tuchen, CEO of Onfido, said: “Until now identity verification has digitized physical processes, but those processes haven’t changed. We’re still handing our identity over to be checked every time we access a new service. This partnership will change that — giving users control and organizations greater confidence in who their customers are. We plan to take Airside’s proven approach to the airline industry and apply it to other sectors requiring high customer assurance, such as financial services — providing a single, trusted view of each customer’s identity.”

Adam Tsao, General Manager for Airside at Onfido, commented: “By teaming up with Onfido and layering in their trusted verification technology with Airside’s Digital ID, we can take identity to the next level with the same ease and trust we have with online payments.”

Onfido offers a Real Identity Platform that establishes trust between governments, businesses, and people, ensuring proper onboarding, customer authentication, KYC, and fraud protection.

The Airside Digital Identity App puts digital identity in people’s hands, making their verified digital IDs secure on their device and easily accessible. There’s no longer a need to show identity documents (IDs) or share excessive amounts of personal information when trying to access services; users can now verify their identity once and only share what they need to, like a date of birth for age verification.

Airside’s shareable digital identity technology has been used by over 10 million travelers and is trusted by major U.S. government agencies, including the Transportation Security Administration (TSA). Its customers include the world’s largest airlines, which allow passengers to use the innovative Airside Digital Identity App to fast-track passengers through U.S. airports.

Onfido will combine its verification capabilities with Airside’s privacy-first identity management technology towards a ‘verify once, use anywhere’ world, where customers can manage their own digital identity stored on their smartphone — using it to access new services without having to verify again.

Read this next

Executive Moves

MarketAxess hires Dan Burke as Head of Emerging Markets

MarketAxess has appointed Dan Burke as Global Head of Emerging Markets amid growing adoption of fixed income in eletronic trading.

Industry News

Sustainable sukuk brings ESG to Shariah investing

“The guidance confirms the wide applicability of the ICMA Principles and that all project categories and themes for use-of-proceeds bonds, such as gender, blue, and transition, are consistent with Shariah investing.”

Industry News

Nasdaq fines IBKR $475,000 for corporate actions failures

IBKR has engaged in remedial measures to compensate customers who were directly harmed by the late processing of corporate actions. ​

Metaverse Gaming NFT

OKX and Manchester City announce ‘Blue Moon’ NFTs

Called ‘Blue Moon’, the new NFT offering was designed by Charli Cohen, who took inspiration from the song itself which is played before every home game and serves as the anthem of Manchester City fans.

Market News

FTSE 100 Index Goes for Further Records as Week Begins on High

London’s financial landscape is once again buzzing with excitement as the FTSE 100 index resumes its upward trajectory.

Chainwire

New Viral Memecoin in Solana Network Stooges Launches $STOG Presale

Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale.

Industry News

On-the-run Darren Robinson ordered to pay $11 million for FX Ponzi scam

Darren Robinson scammed 38 people out of $7,196,365.37 through a Forex Ponzi scam. He is currently a fugitive from U.S. law enforcement.

blockdag

BlockDAG’s User-Friendly Low-Code/No-Code Excels Beyond Solana Meme Coins & XRP Price Dynamics

Discover how BlockDAG’s low-code/no-code platform outshines Solana meme coins and XRP price trends, making it a top crypto pick for investors.

blockdag

2024’s Top 10 Cryptocurrencies: BlockDAG Excels Beyond BTC, ETH, BNB, SOL, and Others With 30,000x ROI

Uncover why BlockDAG leads the charge against major cryptocurrencies like BTC, ETH, BNB, and SOL, showcasing a $21.3M presale and a promising 30,000x ROI.

<