# Arro Money and Onfido partner to deliver world-class KYC capabilities in just three minutes
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-02-08
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Arro Money partners with Onfido for real-time ID
Meta Description: Arro Money has teamed up with Onfido to provide real-time ID verification and KYC checks for fast access to accounts in just three minutes.
URL: https://financedigest.com/arro-money-and-onfido-partner-to-deliver-world-class-kyc-capabilities-in-just-three-minuteshtml

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Arro Money, a fast-growing provider of personal and business accounts, has partnered with the global identity verification provider, Onfido, to offer real-time ID verification and “Know Your Customer” (KYC) checks.

Working with Onfido, Arro Money provides easy and secure access to financial services to those that have struggled to open traditional bank accounts previously. This alliance means that new customers will have full access to an Arro account in just three minutes, thanks to innovative high-speed yet accurate Customer Due Diligence (CDD) checks.

With the Fourth Money Laundering Directive (4MLD), it is essential that financial institutions conduct strong and reliable KYC checks on new customers when they want to [open](https://www.financedigest.com/the-future-of-open-finance.html "The Future of Open Finance") an account.

Onfido will provide state-of-the-art eKYC data as well as real-time verification for passports, ID cards and driving licences from 160 countries. Additionally, Onfido’s extensive database will verify home addresses faster than ever before, [meaning Arro’s customers can gain access to the financial services](https://www.financedigest.com/what-does-software-as-a-service-mean-for-healthcare.html "What Does Software As A Service Mean For Healthcare?") they need almost instantly.

Onfido’s Facial Check with Photo will provide added security to Arro’s user sign-up process to prevent even the most sophisticated spoofing attempts. As a result, all users have to do when signing up for an Arro business or [consumer account](https://www.financedigest.com/what-successful-accounting-looks-like-in-the-age-of-the-consumer.html "What successful accounting looks like in the age of the consumer") is take a selfie and a picture of their ID document, both of which are then submitted to Onfido via API for verification. The IDs are then verified through Onfido’s algorithms to reduce the expensive and timely task of manual review.

**Speaking about the new alliance, Muhammad Asim, Director at Arro Money, explained:** “By partnering with Onfido, we are able to further improve our [customer service](https://www.financedigest.com/transforming-to-customer-centric-service-in-financial-services.html "Transforming to customer centric service in Financial Services") and continue to eliminate excessive credit checks. Ultimately, we are helping to [improve](https://www.financedigest.com/italy-slashes-2023-growth-forecast-but-sees-public-finances-improving.html "Italy slashes 2023 growth forecast but sees public finances improving") accessibility and financial inclusion. At Arro, we have always put our customers first and, by having this strong alliance with Onfido, our customers’ identification is verified securely, simply and, above all, quickly.

“Having already onboarded 10,000 customers with our advanced KYC checks, we hope this partnership will [support our aims of acquiring 50,000 more business](https://www.financedigest.com/factbox-reaction-to-uks-energy-support-package-for-businesses.html "Factbox-Reaction to UK’s energy support package for businesses") accounts over the next 12 months.”

**HusaynKassai, CEO at Onfido, continues:**“Having seen the advancements Arro has made over the last six months and its focus on providing a best-in-class service for KYC and KYB checks, it was clear that our [companies shared](https://www.financedigest.com/exit-from-taiwan-lifts-shares-of-french-company-carrefour.html "Exit from Taiwan lifts shares of French company Carrefour") the same vision of providing a safe, seamless and trustworthy verification process.

“Arro is just one of a number of high-quality partners that we have across the globe using our [solution to onboard clients in a way which complies with all financial institution](https://www.financedigest.com/securing-financial-institutions-with-the-help-of-pam-solutions.html "Securing financial institutions with the help of PAM solutions") regulations and directives.”

The partnership comes after Arro’s Series A Financing round, which aimed to raise further funds to [invest in enhancing the customer experience of Arro’s product](https://www.financedigest.com/spain-to-invest-5-1-billion-in-electric-vehicle-production.html "Spain to invest .1 billion in electric vehicle production"), as well as building additional capacity in-house.

To find out more about Arro Money and its personal and business account offerings, visit: [https://www.arromoney.com/](https://www.arromoney.com/).


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