HooYu Identify is a global identity confirmation service that helps improve financial inclusion
Applicant name: HooYu Ltd
Innovation Name: HooYu Identify
Innovation Type: Product
Website: http://www.hooyubusiness.com
Mission: HooYu Identify is a global identity confirmation service that helps improve financial inclusion
Innovation Description: Since launching in 2016, HooYu Identify is a global identity confirmation service that helps improve financial inclusion, increase the % of remittance customers that can pass KYC and helps MSBs comply with AML rules and procedures. HooYu makes the journey for customers more efficient and smoother giving them access to the financial service they need to remit monies back to friends and family.
Status of Innovation: In-market
Innovation Active Since: 25/6/2016
Applicant Type: Private Company
Headquarter City: London
Headquarter Country: London
Year Founded: 2016
Main Category
Main Category Choice: Compliance Solution
Why do you think you should win this category?:
We help remitters to onboard customers who don’t appear on databases, for example, those who are new-to-country or younger demographics. These segments represent a large section of the money transfer market that is currently underserved by database checking solutions.
HooYu authenticates ID documents by examining security features such as holograms, machine-readable zones, kineograms, microprints, font, laminate, and layout. Using digital footprint analysis, we are able to help build identity confidence, as globally more people use social media to stay in touch, digital footprint offers a complementary form of KYC tech helping build confidence in an identity and more importantly promoting financial inclusion.
Secondary Category
Secondary Category Choice: Technology Innovation
Why do you think you should win this category?
We help remitters to onboard customers who don’t appear on databases, for example, those who are new-to-country or younger demographics. These segments represent a large section of the money transfer market that is currently underserved by database checking solutions.
HooYu authenticates ID documents by examining security features such as holograms, machine-readable zones, kineograms, microprints, font, laminate, and layout. Using digital footprint analysis, we are able to help build identity confidence, as globally more people use social media to stay in touch, digital footprint offers a complementary form of KYC tech helping build confidence in an identity and more importantly promoting financial inclusion.
Team Members
Full Name: David Pope
Role: Marketing Director
Linkedin: https://www.linkedin.com/in/davidrpope/
Supporting Links
Online money transfer specialist Fonmoney speeds up customer verification with HooYu: https://hooyubusiness.com/online-money-transfer-specialist-fonmoney-speeds-up-customer-verification-with-hooyu/
HooYu Identify partners with BCRemit improving customer on-boarding and detecting more fraud: https://hooyubusiness.com/press-release-hooyu-identify-partners-with-bcremit-improving-customer-on-boarding-and-detecting-more-fraud/
Entry Representative
Full Name: David Pope
Role: Marketing Director
