How IT WORKS
Verif-y is a digital identity platform that provides its customers with a fully integrated and secure Know Your Customer (KYC) solution, leveraging blockchain technology.
Some of our security features include:
Next Generation Defense In-Depth End to End Data Protection
Highly-Secure Credential Storage
Advanced Encryption Standard
24 hours, 7 days a week, 365 days a year Monitoring
Integrated Blockchain Technology
The Verif-y KYC platform is designed specifically for initial coin offerings (ICOs)/Token Generating Events (TGE), and cryptocurrency exchanges. The Verif-y KYC service allows businesses utilizing blockchain technology to trust unknown customers and token purchasers in an efficient, auditable and secure manner. Accepting crypto currency from global purchasers creates compliance challenges which Verif-y’s KYC platform addresses. Verif-y provides the client with a simple, cost effective, one-stop-shop solution to meet the ever-shifting landscapes of banking compliance, KYC, and regulatory rules. Verif-y’s KYC algorithms capture and analyze user-entered data against our internal data as well as the user-uploaded ID images to generate a KYC decision based on your business practices and compliance rules. Verif-y’s platform provides clients with a highly secure environment due to its encryption at various access levels, encryption of sensitive Personally Identifiable Information (“PII”) and various access rights.
Designed to meet the needs of customers, investors, and token purchases utilizing crypto currency transactions.
Provides time-stamped records for auditors and regulators to prove the client pursued best practices and due diligence. Each record is assigned a blockchain transaction ID that can be used if and when an audit is conducted.
Customized rules and algorithms to set KYC screening based on each client's unique compliance needs.
Passports, National IDs, and Driver Licenses are all screened against global sanctions such as Anti-Money Laundering (AML) and Counter-terrorism Financing (CTF) as well as additional lists if relevant or required.
By utilized a Next-Generation Defense-In-Depth (NGDiD) security strategy across its platform and infrastructure, Verif-y ensures the integrity, validation, and verification of data at every step of a transaction or process. Clients can access KYC data using our SaaS dashboard or via an application-programming interface (API) depending on their own needs and business practices. Verif-y provides accredited investor screenings to determine net worth and the source of wealth. Verif-y provides the tools and customization options needed to seamlessly integrate its solutions into your Web and Mobile sites as well as your pre-existing on boarding processes.