(OMHI) OM Holdings International Signs License Agreement to Offer Mobile Banking and Payment Transfers with DoPay within DoGetGo Super App
Miami, FL, June 22, 2022 (GLOBE NEWSWIRE) -- OM Holdings International Inc. (OTCQX: OMHI) today announced a licensing agreement with IYAP, LLC the owner of the Liquid Cash fintech platform. This license agreement will leverage the existing FDIC banking partners of LiquidCash to allow the API integration of mobile banking into the DoGetGo super app. This integration will allow OM Holdings International to offer banking, money transfer, and cryptocurrency services through partnerships with licensed service providers. OM Holdings International intends to utilize licensed service provides to launch DoPay within the DoGetGo super app in the upcoming months.
DoPay will use next generation electronic Know Your Customer (eKYC) powered by face verification and Artificial Intelligence (AI) for identity confirmation and fraud prevention to offer mobile banking to Caribbean customers. Under eKYC, face verification plays a vital role in detecting facial features and matching them with the data records. In addition, AI’s in-built analytics of trained models enable banks to detect fake images and provide in-depth insights to prevent fraud.
Mark Vanterpool, President and Chairman of OM Holdings International, Inc., stated, “We are excited to provide this unique service to our customers, all of which makes buying things in person or online a seamless and secure process. We believe DoPay combined with the DoGetGo super app will be a leading financial processing platform that can be used for various products and services throughout the Caribbean.”
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