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Blog Post
How neobanks can thrive using IDV
Neobanks must achieve legal compliance, onboard customers, and overcome the threat of bad actors. Identity verification (IDV) enables neobanks to meet these goals and make other gains, such as a notable ROI.
In a sector ripe with competition, legal, financial, and reputational risks, and discerning customers, neobanks must ensure their processes are optimized to stay ahead. To prevent any potential issues and satisfy customers, identity verification (IDV) offers a potent solution for today’s neobanks.
Fast decisions
A 98% check automation rate gets customers through in about 6 seconds.
Simple experience
Real-time end user feedback and fewer steps gets 95% of users through on the first try.
Document coverage
An unmatched 12K+, and growing, government-issued IDs are covered.
More conversions
Up to 30% more customer conversions with superior accuracy and user experience.
Better fraud detection
Veriff’s data-driven fraud detection is consistent, auditable, and reliably detects fraudulent forms of identification.
Scalability embedded
Veriff’s POA can grow with your company’s needs and keep up with times of increased user demand.
Find out more
Discover how Veriff is helping financial services firms to onboard more customers, achieve compliance, and prevent fraud.
