Every financial institution on the planet needs to have a digital identity solution. Consumers want to open accounts online or on their phone and they want it to be a quick and efficient process. At the same time, banks want the process to be secure with as little fraud as possible. These two approaches are often at odds with one another.
The next guest on the Fintech One-on-One podcast is Mike Tuchen, the CEO of Onfido. They have dedicated themselves to solving this conundrum and in doing so have become a world leader in helping financial institutions verify the identity of their customers.
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