Sun Finance, a Latvian fintech company, is automating identity verification using Amazon Rekognition and improving access to financial services for customers on a global scale.
Sun Finance is bringing financial services to more people globally using Amazon Rekognition. The Latvian fintech company offers an online and mobile lending platform across Europe, Asia, Latin America, and Africa. It originally relied on a manual identity verification (IDV) process that was labor-intensive and time-consuming. To automate the IDV process, Sun Finance implemented Amazon Rekognition in 2019. Using this AWS service, Sun Finance has streamlined the application process, which improves access to financial services in traditionally underfinanced regions.