Overview of Veriff
Veriff is a cutting-edge, AI-powered identity verification platform designed to enhance trust and security in digital interactions. The platform is tailored to help businesses verify the identities of their users efficiently, securely, and compliantly, regardless of their global location.
Key Features and Functionality
Identity Verification
Veriff performs comprehensive identity proofing through the digital authentication of government-issued documents and biometric analysis. This process ensures that the user is present and a live applicant, validating the authenticity of the document and the user’s identity.
Biometric Authentication
The platform uses facial biometric analysis to authenticate users swiftly and securely. This involves capturing a selfie, which is then analyzed in real-time for image quality, liveness detection, and face matching. This method replaces traditional authentication methods like passwords and one-time passcodes, providing stronger assurance that the user is genuine.
Fraud Detection and Prevention
Veriff’s Fraud Protect package is a core component that combines advanced machine learning models and fraud-detection expertise. It analyzes multiple signals from documents, devices, networks, and user behavior to detect signs of manipulation, presentation attacks, and other fraudulent activities. The system also maintains a blocklist of facial biometrics of suspected fraudsters to prevent repeated attempts.
Compliance and Security
Veriff is compliant with major regulatory standards including CCPA/CPRA, GDPR, SOC2 Type II, ISO 27001, and WCAG Accessibility Guidelines. This ensures that businesses can trust Veriff to handle sensitive user data securely and in compliance with international regulations.
Global Coverage and Multi-Language Support
The platform operates in over 230 countries and supports more than 48 languages, making it a versatile solution for global businesses. It also supports over 12,000 government-issued IDs, ensuring comprehensive document coverage worldwide.
Real-Time Results and User Experience
Veriff’s system processes most verifications in just 6 seconds, providing rapid decisions. The platform offers real-time feedback and fewer steps in the verification process, resulting in 95% of users completing verification on their first try. This enhances the user experience and can drive up to 30% more customer conversions.
Integration and Customization
Veriff offers simple API and SDK integrations, allowing seamless connection to existing systems. The platform supports various devices and platforms, including iOS, Android, mobile web, and web SDK or API. Customizable workflows and a user-friendly interface further facilitate integration and use.
Additional Capabilities
- Data Extraction: Automated extraction of data from government documents.
- Age Verification: Verification of users’ ages to comply with age-restricted services.
- AML and KYC Compliance: Ensures compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
- Geolocation Verification: Verifies the user’s location to add an extra layer of security.
- Risk Scoring: Provides risk scores based on various indicators to help in decision-making.
- Audit Trail: Maintains a detailed record of all verification and authentication activities.
In summary, Veriff’s AI-powered identity verification platform offers a robust, scalable, and secure solution for businesses to verify user identities, prevent fraud, and ensure compliance with global regulations, all while providing a seamless and efficient user experience.