Product Overview of Veriff
Veriff is a cutting-edge digital identity verification and authentication platform that leverages AI-powered technology to ensure secure, efficient, and compliant identity verification processes. Here’s a detailed look at what the product does and its key features.
What Veriff Does
Veriff is designed to verify the identity of users through a seamless and automated process, ensuring that businesses can onboard genuine customers quickly while mitigating fraud and complying with regulatory requirements. The platform supports identity verification, biometric authentication, and comprehensive fraud protection, making it a robust solution for various industries worldwide.
Key Features and Functionality
Identity Verification
- Veriff guides users through the entire verification process with real-time feedback, automatically identifying the document type and extracting relevant data points such as name, expiration date, birth date, and document number. This process is supported by over 12,000 government-issued identity documents from more than 230 countries and territories.
- Users are required to take a photo of their government-issued ID and a selfie. Veriff’s Assisted Image Capture technology ensures high-quality images and detects issues such as poor lighting, glare, or obstructed facial images, boosting first-time pass rates.
Biometric Authentication
- Veriff’s Biometric Authentication solution uses facial biometric analysis to authenticate users swiftly and securely. This involves enrolling a user’s selfie, either from an identity verification session or a dedicated biometric enrolment process. Subsequent authentications are done by comparing the new selfie with the stored biometric template.
- The platform conducts real-time analysis, including image quality checks, liveness detection, and face matching to prevent spoof attempts such as presentation attacks using masks or AI-generated media.
Fraud Protection
- Veriff’s Fraud Protect package combines advanced machine learning models and fraud-detection expertise to analyze multiple data points, including document, device, network, and behavioral indicators. This helps in detecting signs of physical or digital manipulation and identifying potential risks.
- The platform prevents repeated fraud attempts by blocklisting facial biometrics of suspected individuals and utilizes a global network to uncover and block fraud patterns across different organizations.
Additional Capabilities
- AML Screening and Compliance: Veriff performs Anti-Money Laundering (AML) screening and ensures compliance with various regulations such as CCPA/CPRA, GDPR, SOC2 Type II, ISO 27001, and WCAG Accessibility Guidelines.
- Age Verification: The platform includes age verification capabilities to ensure that users meet the required age criteria for accessing certain services.
- Network and Device Analytics: Veriff analyzes over 1,000 data points, including network and device analytics, to combat evolving fraud typologies and detect high-risk users or fraud rings.
- Real-Time Updates and Monitoring: The platform continuously monitors watchlists and adverse media for changes that may create risk, providing real-time updates to ensure ongoing security.
Integration and Customization
- Veriff offers simple API and SDK integrations, allowing seamless connection to existing systems. The platform supports iOS, Android, mobile web, and web SDK or API, ensuring compatibility across various devices and platforms.
- Customization options include modifying color schemes, adding logos, and complete white labeling to align with the business’s branding and customer journey.
User Experience and Efficiency
- Veriff’s processes are designed to be quick and user-friendly, with most verifications completed in just 6 seconds. Real-time feedback and fewer steps in the process result in 95% of users completing verification on their first try.
- The platform supports over 48 languages, enhancing its global accessibility and enabling businesses to attract a broader customer base.
In summary, Veriff provides a comprehensive and scalable identity verification and authentication solution that balances speed, convenience, and security, making it an essential tool for businesses aiming to enhance trust, compliance, and user experience.