Veratad VX lets you automate your identity verification workflows with the world’s most flexible IDV/eIDV service provider.
Protecting your business from fraud, liability and regulatory penalties is challenging. With bad actors getting more and more sophisticated, a simple identity verification workflow is no longer sufficient. Defensible due diligence and fraud prevention requires a multi-layered approach to verification that doesn’t disrupt the customer experience.
The Veratad VX orchestration platform gives you access to the most robust suite of identity verification methods and data sources in the industry. From simple purchases to complex, business-critical, multi-system onboarding workflows, VX allows you to turn away risky prospects while maintaining best-in-class CX and seamless compliance.
The Veratad VX platform integrates with any system. That means you can add the industry’s most flexible suite of verification methods – biometrics, data, documents, out-of-wallet challenges – in any combination you choose, in minutes.
Companies, especially those in financial services, need a way to verify customer and prospect identity without slowing down onboarding and transaction workflows. Veratad helps deliver personalized verification journeys that minimize onboarding friction, so you can verify with full AML and KYC compliance without frustrating your customers. Build workflows that really work, and then change them when you notice customer behavior change.
With Veratad, you get a no-code orchestration platform with access to the industry’s most flexible suite of IDV and eIDV solutions, backed by a team with almost two decades of experience helping companies like yours. We give you the tools to build the verification journeys you need, but our team is always available to guide you to remove any guesswork for you.
Protect your business and avoid costly fines with verification solutions that help you get compliant. Read more about how Veratad can help you with these compliance strictures.
The VX Platform gives you access to a robust suite of identity verification methods for businesses in need of custom, secure identity verification solutions. Each method can be customized and combined with other methods allowing you to design flexible verification workflows that keep transactions moving without hurting compliance.
Verify identity in seconds against a global data set of more than 5 billion people. Keep onboardings and other transactions smooth for appropriate customers while protecting your business.
Veratad’s biometric identity verification provides confident reads that verify customer identities in an instant. Use as a high-confidence, standalone method, or with other verification solutions.
Exclusively from Veratad, Smart 2FA finally introduces two-factor authentication to customer onboarding. By combining the best of identity verification and two-factor, Smart 2FA delivers the highest level of surety that your customers are who they say they are.
Sometimes identity data isn’t enough. When that is the case, Vertad’s identity document capabilities let you manage and verify identity documents in seconds, with or without human intervention.
Let Veratad show you what our VX verification platform can do for your business. Request a personalized demo today.
Identity verification is the process by which a company or institution ensures a person is who they say they are. This is important for tasks like onboarding (e.g., opening a bank account, applying for a loan or starting with a new healthcare provider). Identity verification is also critical for online sellers, particularly those with age-restricted products or high-value goods.
Online identity verification allows companies or institutions to check user identity using digital tools. These include data from credit bureaus and motor vehicle departments, identity documents (e.g., driver’s licenses), facial biometrics, out-of-wallet challenge questions (aka KBA), and two-factor or multifactor authentication. ID verification providers like Veratad automate these workflows, ensuring users can prove their identity with minimal hassle.
Identity verification platforms, like Veratad, allow a company or institution’s systems to interface with identity data and service providers. This saves the organization the cost and hassle of building ID workflows and integrations from scratch, as well as having to manage multiple vendor relationships.
More and more identity verification vendors hit the market every year. Typically, however, established solutions like Veratad, Trulioo, Jumio and IDology are listed among the top identity verification software companies. Of these, Veratad, a privately held company, has the most experience in the space.
Every app, store or company makes its own identity verification processes. This is typically built in to an onboarding or purchase process. There is no single place to call to “verify your identity online.”
If you run into identity verification problems online, we recommend you contact the customer service line of the business or organization you’re dealing with.
