Peer-to-peer (P2P) payment platforms no longer need to choose between seamless customer experience and achieving compliance. Online identity verification helps businesses combine the two to create an effortless remote customer onboarding experience.
Online P2P payment platform users value a seamless customer experience, while the P2P payment providers must adhere to KYC and AML regulations. Identity verification (IDV) offers a solution for P2P payment platforms without compromising on users' values.
A 98% check automation rate gets customers through in about 6 seconds.
Real-time end user feedback and fewer steps gets 95% of users through on the first try.
An unmatched 11K+, and growing, government-issued IDs are covered.
Up to 30% more customer conversions with superior accuracy and user experience.
Veriff’s data-driven fraud detection is consistent, auditable, and reliably detects fraudulent forms of identification.
Veriff’s POA can grow with your company’s needs and keep up with times of increased user demand.