FinTech company partners up for new due diligence solution

Tuesday 27 July 2021

Jersey-based FinTech company MYCDD has partnered with a European identity verification platform provider to offer identity verification solutions to its clients.

The partnership will see the IDnow platform integrated into MYCDD’s cloud-based framework to offer a solution that checks ID documents and their security features and verifies via biometric checks if the documents and the people match within a few minutes.

"MYCDD was launched in response to a rise in demand for cutting-edge digital due diligence solutions, with a vision to save financial services businesses time and money by revolutionizing the way due diligence is gathered, managed and shared," Stephane Gimenez (pictured), CEO of MYCDD, said. "Working with IDnow represents a big step in doing that – through the IDnow platform we can offer users a better experience, efficient onboarding and best in class security.”

“User requirements have changed over the past year and fully digital solutions have become more and more important”, Oliver Obitayo, CSO at IDnow, added. “It’s great to support companies like MYCDD in balancing high security standards with user friendly, digital processes”, he said.