Suits Me sir! HooYu brings verification to banking start-up
Identity verification specialist HooYu is collaborating with UK-based alternative banking solution provider Suits Me to help un- and underbanked workers get better access to financial services, reports David Penn at Finovate.
Radiant, sir, radiant
“Suits Me is an innovative solution that gives temporary workers freedom and choice through financial inclusion,” HooYu marketing director David Pope explains. “HooYu Identify blends a range of identity verification techniques into one service. By choosing the services according to their needs, Suits Me has built their ideal customer onboarding process balancing the twin objectives of security and convenience.”
Suits Me offers a hassle-free alternative for many workers, including temporary and migrant workers who are often unable to open traditional bank accounts. With Suits Me, account holders can send wages directly to their account and get a Visa debit card that can be used anywhere Visa is accepted – online, in person, and over the phone.
Courtesy of the partnership with HooYu, new Suits Me customers will benefit from an online verification process that is both seamless and comprehensive. With HooYu’s Identify solution, new customers simply take a selfie, and provide social media or online account information, and a photo of their ID document.
HooYu then conducts a biometric facial verification and authenticates the ID documents. It cross-references all of the collected identity attributes and scores them to create an overall identity confirmation score and report that show the degree of confidence in the accuracy of the customer’s claimed identity.
“Our mission is to help workers get paid, ” Suits Me CEO Matthew Sanders says.
Pointing out how Suits Me relieves workers of the hassles of cheques and cheque cashing, Sanders adds: “Integrating HooYu Identity removes yet another hurdle – we can trust who the customer says they are and, this can happen even more quickly, without unnecessary complications or bureaucracy.”
