TransferGo, one of the world’s fastest growing money transfer companies, today announces a partnership with identity verification providers, including Veriff.
TransferGo will be able to verify a customer's identity and prevent any attempts by fraudulent individuals looking to register or use the service. The partnership will also reduce the amount of manual processing needed by TransferGo’s employees and support Know Your Customer (KYC) and Anti-Money Laundering (AML) checks from the initial sign-up process.
Veriff’s technology will allow TransferGo to verify identities using over 8,000 government issued documents and its Near Field Communication (NFC) scanning technology will mean customers can easily scan and verify their ePassports with both iOS and Android devices.
“Our ambition to continue to improve the service and solutions we offer is rooted in our incessant focus on our customer. The culture of innovation and dedication to improving customer service makes our new partners a great fit for us. They will be critical in helping us deliver a best-in-class ID verification service that is secure, compliant and frictionless,” comments Milda Mačiulaitytė, Compliance Manager at TransferGo.
Discussing the partnership announcement, Kaarel Kotkas, Founder of Veriff, says: “Having a fast and seamless identity verification process is essential in driving sign-ups and improving customer trust. Our NFC technology will mean TransferGo can reduce the time and manpower needed to verify a customer’s ID and ultimately support a frictionless service for many more customers. We’re delighted to add TransferGo to our customer roster and look forward to our partnership.”
This announcement comes at a time of growth for TransferGo, with over 2 million users and follows a $10 million investment boost that will enable the business to expand its global footprint and continue to launch new services on its cross-border payments platform. TransferGo also recently received an EMI license extension from the Bank of Lithuania, allowing it to offer customers’ payment cards, e-wallets and other payment instruments requiring storage of funds.
Founded in 2012, TransferGo is the fastest, most reliable, remittance company in Europe and is the only Pan-European money transfer company that can guarantee your money will reach its destination in 30 minutes. We put the customer first and deliver transparency, and by prioritising customer experience, we’ve built a brand that thousands of clients trust and a product they love. Our vision is to make international financial services pain-free and without artificial borders.
Founder and CEO Daumantas Dvilinskas was included in the 2017 Forbes 30 under 30. The company was nominated for “Fastest Rising Startup of the Year” at the TechCrunch Europa Awards 2018 and listed as one of 2019’s five hottest UK start-ups by TNW.