Financial services provider EPG Financial Services has struck a partnership with e-wallet app paylado, and identity verification company Sonio.
Part of the Merkur Group, EPG stated that the goal of the partnership is “to enhance and expedite” the user verification process for “the cutting-edge e-wallet platform.”
The collaboration will enable users to go through the verification process with remarkable swiftness and ease, simply taking a photo of their ID or passport, and then a selfie. AI will be employed to read the information from the ID and compare the ID photograph with the selfie.
"We are thrilled to partner with Sonio to redefine the user verification within the paylado application. Sonio’s cutting-edge technology ensures a robust and efficient process, allowing users to enjoy the benefits of a fully verified paylado account in no time," stated Daniel Diehl, director of product at paylado.
“This partnership marks a significant milestone in the evolution of digital identity verification, setting new standards for speed, security, and user convenience. Sonio and paylado are committed to driving innovation and creating a safer and more accessible digital financial environment for users worldwide.”
Dieter Kindl, chief business officer at Sonio, added: “I am delighted to extend our support to paylado by offering our innovative solutions. We are eager to collaborate closely and grow in partnership with them. Furthermore, I would like to highlight our single integration approach, which enables paylado to swiftly adapt to any changes in regulatory requirements or compliance directives, ensuring a seamless KYC process.”
