Press release published today: http://www.prweb.com/releases/2016/10/prweb13783285.htm
UK challenger bank Monzo Bank (Formerly Mondo Bank) has signed a 2-year contract with AU10TIX to power customer acquisition and fraud protection ID document authentication and selfie-to-ID picture comparison services. Monzo Bank clients can now benefit from a speedier and more streamlined onboarding experience and the most advanced ID fraud and risk protection capabilities.
Monzo offers a high-tech banking app and credit card.
Well although it’s currently a pre-paid credit card, I don’t think it should state we offer a credit card. Everything else reads fine though.
You’re right, Ben. Well spotted!
Thanks for posting this, that’s really interesting, just to pick up on a couple of points -
selfie-to-ID picture comparison services
Jonas actually mentioned that Monzo hopes to verify users based on video recordings at a talk a couple of weeks ago & I guess that AU10TIX offers this too. The rationale for video, rather than photo verification, is that it’s possible to photoshop a photo but you’d need pretty decent CGI for video…
sending proof of identity through the post should be a thing of the past", says Tom Blomfield, CEO of Monzo Bank
this solves a pain point that @endoftheQ mentioned here
& I’m sure every other user of a regular bank has experienced! Which is great.
The current cards are MasterCard debit cards. Not credit cards.
Ah! Well I stand corrected then. I wasn’t aware a debit card could be pre-paid.
In either case, the article still shouldn’t state we offer a credit card as that’s misleading.
Yeah they are debit cards. Easy way of checking is the hologram on the back of the card. It says debit on my mondo card but for my credit card it just says MasterCard
It seems that Onfido is offering similar services: