About a-team Marketing Services

A-Team Insight Blogs

Entrust in Talks to Acquire AI-Powered Identity Verification Specialist Onfido

Subscribe to our newsletter

Entrust, a provider of trusted identities, payments, and data security, is in exclusive discussions to acquire London-based Onfido, a provider of cloud-based, AI-powered identity verification (IDV) technology. If the acquisition completes, Entrust would add a compliant AI/ML-based biometric and document IDV tech stack to its portfolio of identity solutions. It would also have an opportunity to advance the use of biometric-based, highly phishing-resistant authentication in high-value transactions and signing events.

“With the emergence of AI-based attacks, the identity verification game has changed,” says Todd Wilkinson, president and CEO at Entrust. “Deepfakes and synthetic identity are driving a global need for a powerful level of identity assurance that facilitates digital journeys. Authentication using biometric-based, AI-driven identity verification will be critical to ensuring security, privacy, and trust in high-value digital-first interactions. Onfido IDV solutions have proven their value in Europe’s high-compliance environment.”

Founded in 2012, Onfido makes it relatively easy for people to access services through digital verification. The company has more than 500 employees and over 1,200 customers globally including leading financial institutions.

Any agreement on the acquisition remains subject to regulatory approval and other steps required in accordance with applicable laws.

Subscribe to our newsletter

Related content


Upcoming Webinar: Best practice approaches to trade surveillance for market abuse

Date: 5 March 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and...


A-Team Group Announces Winners of RegTech Insight Awards – USA 2023

A-Team Group has announced the winners of its RegTech Insight Awards – USA 2023. The awards celebrate vendors of leading RegTech solutions, services and consultancy, and are designed to recognise both start-up and established providers offering creative solutions to regulatory challenges. The awards were presented by Andrew Delaney, President & Chief Content Officer at A-Team...


Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.


Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...