Bloom Money: Selects OCR Labs for digital ID verification
- Bloom Money, a new app designed for diaspora communities to manage their finances
- OCR Labs Global will support to onboard new customers using its fully-automated biometric verification
- Building upon tried and tested ways of community money management currently used worldwide
- The app provides a convenient and ethical rotating savings club for every community, whether it is known as contributions
- According to Eurostat and the ONS, it is estimated that over 100m people will enter the UK and Europe by 2040
- OCR Labs Global solves significant challenges, including identity fraud and regulatory compliance
