HooYu to provide biometric ID services for UK digital bank
06 December 2017 16:58 GMT

Digital identity firm HooYu is set to provide verification services for UK challenger bank Countingup.

HooYu was chosen by Countingup to be deployed during the account opening process to prove that customers are who they say they are and ensure compliance with money laundering regulations.

Countingup selected HooYu due to the broad range of HooYu identity technologies such as identity database checks, ID document validation, facial biometrics, PEPS and Sanctions screening, digital footprint analysis and proof of address checks.  

Tim Fouracre, CEO at Countingup commented, “It was important to us to design the account opening process to make it as easy as possible to open an account in less than five minutes.  HooYu helps us not just to comply with money laundering regulations and to prevent fraud but also helps us to curate a great digital journey that makes for easy and convenient account opening.” 

David Pope, Marketing Director at HooYu, commented, “Countingup is a truly differentiated offering from a challenger bank, in that they are offering more than just a bank account but the tools to help their customers