To achieve regulatory compliance, prevent the risk of bad actors, and help build customer trust, businesses in financial services, gaming, and many other sectors are increasingly adopting identity verification (IDV). However, what do businesses need to know to find the right service?
Today's businesses need identity verification (IDV) to achieve anti-money laundering (AML) and know your customer (KYC) compliance, prevent fraud, and help establish customer trust. Additionally, an optimized IDV solution will help you enhance your service for your customer base, creating benefits for customer satisfaction and the future growth of your company.
However, in an intricate, evolving market full of competing brands, how do you find the ideal IDV service for your business needs? For instance, sectors such as gaming and dating will need a comprehensive age verification solution, whereas compliance with regulations may be key for financial institutions.
The way to determine the right solution is to conduct a thorough solution evaluation and buying process. By doing this, business leaders can ensure they are making informed decisions when it comes to their technology investments. By taking the time to properly evaluate and purchase the right solution, businesses will save both money and resources in the long run, plus enhance their operations for the future.
Download Veriff's new guide to learn how to evaluate your IDV needs, structure your research into IDV providers, and build the right requests for information (RFI) and requests for proposals (RFPs). Additionally, discover senior leadership feedback from brands that have successfully implemented IDV, including the gains they have realized over time.
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.