UTB to use facial recognition for ID verification

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United Trust Bank (UTB) has introduced an electronic ‘facial recognition’ ID verification service through a bespoke smartphone app.

The new ID service is delivered in partnership with Nivo, a secure messaging platform developed by Nivo Solutions Limited.

The new system, which is now live and integrated with UTB’s application system, takes only 90 seconds to complete and is available for all UTB first charge customers, and selected second charge customers.

This removes the previous requirement for certified ID, usually provided by a Solicitor.

ID is verified by using facial recognition AI to compare an applicant to their nominated document such as a Passport, Driving Licence or National ID Card.

Buster Tolfree, UTB’s commercial director – mortgages, said: “The introduction of facial recognition ID verification is a significant improvement to our mortgage application process. Brokers and customers are already experiencing the time and money saving benefits of the cutting-edge solution.

“We enjoy working with leading technology providers such as Nivo as we seek to make applying for a UTB mortgage as simple and straightforward as possible for brokers and borrowers. As a forward-thinking lender, we are continually looking for ways to employ technology where there’s a tangible benefit to the customer and the increased efficiency means we can spend more time on the important things such as personal service and individual underwriting.”

Matthew Elliott, chief development officer at NivoHub, added: “UTB have shown a real drive to innovate. We’re proud to be helping them to deliver a leading mobile experience that reduces fraud and effort and boosts customer satisfaction.

“We’re delighted to announce this partnership and further establish Nivo as the go to brand for secure customer service and identity verification in this sector.”

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