Identity Verification
Automated KYC & Identity Verification
Key Features
Our easy-to-integrate and deploy infrastructure authenticates individual’s identities by utilizing Optical Character Recognition (OCR), AI/ML and fraud detection technologies to quickly and accurately identify mistakes and bad actors attempting to circumvent the identification process and flags or blocks them as appropriate.
Our credit card scanning solution allows us to detect and extract the card number, expiration date, and the cardholder’s name while cross referencing it with their personal details. Verif-y’s payment card extraction technology is capable of extracting the CVV and is on/off configurable. Most merchants do not extract the CVV so the user is required to physically have the card and manually enter the value.
Selfie comparison is a critical element of digital identity verification. Verif-y utilizes facial recognition technology to match the user’s ID document image against a selfie image taken with the user’s mobile phone. Selfie images can also include the user holding their ID document image at the time of capture to further ensure identity trust. Verif-y’s face matching AI technology leads the market and helps organizations to trust that users are who they say they are.
During the ID scan process, Verif-y extracts the user’s date of birth to automatically verify whether they are over the age of 18 or to confirm the age the user has declared. This is combined with a successful selfie comparison process.
Naming can have different order of parts or multiple family names as examples. Exact matching of names provides a limited way to match. Verif-y’s fuzzy name matching applies different algorithms to handle some of these variations enhancing your ability to validate your customers’ identity.
Verif-y provides an added layer of confidence through a permissioned, deep social analysis by checking that potential employees are in line with your business values and conduct policies through their digital footprints.
Verif-y's Know Your Customer (KYC) Solution
One of Verif-y’s flagship services is Know Your Customer (KYC). Verif-y’s KYC solution, based on decades of real-world financial services and trading experiences, provides a technologically superior, scalable, and easy to integrate (API, SDK, or iFrame) solution.
Our scanning technologies cover all major global identity documents, which are processed using our layered OCR and machine learning technologies. Layering additional image analysis, credit card, selfie comparisons, and Artificial Intelligence, allows our clients to quickly and accurately identify mistakes and bad actors attempting to circumvent their onboarding and identity verification processes. With easy to customize rules and dashboards numerous communication preferences, and flexible algorithms, our screening solutions adapt to each client’s specific operational and regulatory/compliance needs.
Our secure, transparent, and cost-effective processes allow transactions with previously unknown customers, entities, and investors to be completed in a quick, highly reliant, and cost-effective manner.
Users experience a frictionless on-boarding process that includes identity and credit card scanning, selfie capturing, liveness tests and custom flows that fit the specific client use case. Customers walk away from the experience happier, more satisfied, and with increased privacy protection.
Know Your Customer processes can be costly and time consuming and can end up crating high attrition rates and customer frustration. Verif-y’s solutions are easily integrated into existing processes, which immediately increases efficiency and reduces friction and unnecessary costs. Verif-y’s KYC solution allows organizations to efficiently identify and manage its customers’ and users identity needs.
Our secure, transparent, and cost-effective processes allow transactions with previously unknown customers, entities, and investors to become a seamless experience. This leads to frictionless registration for users’ on-boarding, account opening, and improves the receipt of capital from global investors.
Know Your Customer, Verif-y Them.
Verif-y's Know Your Business (KYB) Solution
Verif-y screens millions of businesses across the globe for financial crimes, proper registration, government sanctions and other information found by our advanced machine learning and advanced algorithms. In addition, we perform KYC/sanction list checks on directors and major shareholders of the firms being investigated to help our clients meet their business, regulatory, and compliance requirements.
Automated searches against global business registries to authenticate a business’ standing.
Verif-y screens corporate registration and incorporation documents for data authenticity
For each business’ officers and directors, Verif-y performs comprehensive KYC/AML and sanction lists screenings
Automated screenings against major social media platforms and other online databases to verify the strength of the online presence and authenticity of the business
Verif-y's Sanctions Screening Solution
We screen end users against a plethora of sanction databases sourced from regulatory authorities, third-parties, and government sites from around the world. These include OFAC, EU, UK, OSFI, and we can add hundreds more per request. Individual’s names are scanned against these lists as well as against our own internal lists, instantly, and flagged if appropriate.
Verif-y's Accredited Investor Verification Solution
Validate your investor’s accreditation status accurately, quickly and cost effectively. Traditional Accredited Investor screenings are mostly manual and take hours or days to complete they are expensive and do not provide ongoing adherence with changing regulations. Our team of seasoned experts developed various technologies and processes that expedite and simplify the process. As a privacy focused organization, we are very serious about our clients and their customers’ data, how its used, by whom, and for how long. Therefore, we enable individuals to control what personal information is shared with Verif-y and our clients, and provide users with unmatched control of their records post processing.
We Solve Real Problems
we Can do More for you
