Veratad’s IDresponse (SM) suite of solutions has been selected by Long Game Savings to verify customer identity while ensuring ease of account creation.
TEANECK, N.J., Nov. 1, 2016 /PRNewswire/ — Veratad Technologies, LLC (www.veratad.com), an innovative and industry leading provider of comprehensive online tools to better know your customers and comply with federal regulations, announced today their partnership with Long Game Savings, Inc. (www.longgame.co), an app developer that offers a better way to save money with a “Prize-Linked Savings” account.
Veratad is providing Long Game with its full suite of IDresponseSM cloud based KYC verification services, including IDMatch+COMPLYSM, IDMatchPLUS+COMPLYSM and DCAMS+PLUSSM. The tandem use of these services will allow Long Game to instantly and dynamically verify identity in a process that escalates new customers with a KYC “red flag,” to a Knowledge Based Authentication (KBA), or an online document validation as part of their overall compliance strategy.
Long Game partners with socially minded financial institutions to provide FDIC insured savings accounts to their users who are in turn rewarded for saving their money with prizes, including a chance each week to win $1MM dollars. “In the United States, 40% of the population has no savings, while 57% play the lottery,” said Lindsay Holden, Chief Executive Officer and Founder at Long Game. “We are planning to solve the non-saving epidemic in the U.S and allow people to take control of their financial future in a fun and easy way. This is a lofty goal and one very important part of reaching that goal is choosing the right partners. After careful review of online identity verification vendors, we chose to partner with Veratad for their depth of industry knowledge and experience,” said Holden.
“We are truly excited about our partnership with Long Game for a number of reasons,” said John Ahrens, Managing Director at Veratad. “First, this is an opportunity for us to participate in their noble effort to help fellow citizens save more and realize the American Dream. Also, Veratad will be providing our full suite of verification services allowing us to demonstrate our ability to ensure a high quality verification while creating a frictionless environment for the account creator,” said Ahrens.
Veratad is positioned to be a premier provider of identity verification and KYC solutions to the FINTECH market through its nimble approach in providing evolving verification technologies to an evolving online financial marketplace.
Veratad Technologies, LLC (www.veratad.com) is a world class provider of online/real-time Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity.
Our verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by companies large and small and our customers include some of the world’s most well-known corporations that use our solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.