What is Veriff?

Veriff is an AI-powered identity verification platform designed to help businesses prevent fraud, ensure compliance, and protect their customers. By leveraging advanced technology and a human verification team, Veriff streamlines the onboarding process for genuine users while effectively keeping fraudulent actors at bay. The platform is tailored for businesses of all sizes, particularly focusing on small and medium-sized enterprises (SMBs) that require robust identity verification solutions to build trust and enhance user experience in their digital communities.

Features

Veriff boasts a comprehensive suite of features aimed at providing a seamless identity verification experience. Below are some of the key features:

1. Identity and Document Verification

• Powerful Document Verification: Veriff provides efficient document verification to streamline the onboarding process. It supports a wide range of government-issued IDs and other documents, ensuring that businesses can verify identities quickly and accurately.
• Proof of Address: This feature allows businesses to approve more users while reducing friction by verifying users' addresses efficiently.
• Database Verification Checks: Veriff complies with regulatory requirements through comprehensive database verification checks, ensuring that businesses meet legal standards.

2. Know Your Customer (KYC)

• KYC Onboarding: The platform simplifies KYC onboarding checks, making it easier for businesses to comply with regulations while onboarding new customers.
• AML Screening: Veriff offers Anti-Money Laundering (AML) screening and ongoing monitoring to protect businesses from financial crimes.

3. Biometric Verification

• Biometric Authentication: Businesses can go passwordless and secure accounts easily through biometric verification, enhancing security and user experience.
• Age Validation: This feature automates age checks to safeguard all users, making it particularly useful for businesses dealing with age-restricted products or services.
• Age Estimation: Using a selfie-based age check, this feature helps increase conversions by providing a quick and efficient way to validate user age.

4. Fraud Mitigation

• Fraud Protect: Veriff's fraud protection feature is designed to safeguard businesses from identity fraud, ensuring that only genuine users can access services.
• Fraud Intelligence: This advanced intelligence tool elevates fraud mitigation efforts by providing insights and data to help businesses stay ahead of potential threats.

5. Global Reach

• Multi-Language Support: Veriff supports 48 unique languages and dialects, enabling businesses to cater to a global audience and expand into new markets effortlessly.
• Extensive Document Coverage: With over 12,000 government-issued IDs covered, Veriff ensures comprehensive verification capabilities across different regions.

6. User-Centric Design

• Fast Verification: With a 98% check automation rate, Veriff enables customers to be verified in approximately six seconds, significantly enhancing user experience.
• High Success Rate: 95% of genuine users get verified successfully on their first try, minimizing drop-offs during the onboarding process.

7. Easy Integration

• Migration Program: Veriff offers a seamless migration program, allowing businesses to switch to its platform quickly and at no extra cost, ensuring minimal disruption to operations.
• Developer-Friendly: The platform provides comprehensive developer documentation and support to facilitate easy integration with existing systems.

Use Cases

Veriff's versatile features make it suitable for a wide variety of industries and applications. Below are some common use cases:

1. Financial Services

Financial institutions can utilize Veriff to meet strict regulatory requirements for KYC and AML compliance, ensuring that they can onboard customers securely while minimizing the risk of fraud.

2. E-Commerce

E-commerce platforms can implement Veriff to verify the identities of buyers and sellers, reducing the risk of fraudulent transactions and enhancing trust among users.

3. Gaming and Gambling

Online gaming and gambling platforms can leverage Veriff's age validation and identity verification features to ensure that users meet age restrictions and maintain a secure gaming environment.

4. Sharing Economy

Companies in the sharing economy can use Veriff to verify the identities of both service providers and consumers, fostering trust and safety in peer-to-peer transactions.

5. Telecommunications

Telecom companies can implement Veriff to verify customer identities when setting up new accounts or services, reducing fraud and ensuring compliance with regulatory standards.

6. Healthcare

Healthcare providers can use Veriff to verify patient identities, ensuring compliance with HIPAA regulations and protecting sensitive patient information from identity theft.

Pricing

Veriff's pricing structure is designed to cater to businesses of all sizes, from startups to large enterprises. While specific pricing details may vary based on the features selected and the volume of verifications required, Veriff typically offers tiered pricing plans that allow businesses to choose a package that best meets their needs.

• Free Trial: Businesses can start with a free trial to explore Veriff's features and capabilities without any commitment.
• Custom Plans: For larger enterprises or those with specific needs, custom pricing plans can be developed to accommodate unique requirements and verification volumes.

Comparison with Other Tools

When comparing Veriff with other identity verification tools, several unique selling points set it apart:

1. AI-Powered Verification

Veriff combines AI technology with human verification teams, ensuring a high level of accuracy and efficiency in identity verification processes. This hybrid approach enhances both speed and reliability compared to tools that rely solely on automated systems.

2. Extensive Document Coverage

With over 12,000 government-issued IDs supported, Veriff provides one of the most comprehensive document verification solutions in the market, making it easier for businesses to operate globally.

3. Multi-Language Support

Veriff's support for 48 languages allows businesses to expand into new markets with ease, making it a preferred choice for companies looking to reach a diverse audience.

4. High Success Rate

Veriff boasts a 95% first-attempt verification success rate, significantly reducing the friction often associated with identity verification processes and enhancing user experience.

5. Seamless Integration

Veriff's easy integration process and migration program make it an attractive option for businesses looking to switch from their current identity verification provider without significant downtime.

FAQ

1. What types of documents can Veriff verify?

Veriff can verify a wide range of government-issued IDs, including passports, driver's licenses, and national ID cards, among others. It also supports various documents for proof of address.

2. How long does the verification process take?

Veriff typically verifies identities in about six seconds, thanks to its high automation rate. However, complex cases may take longer if human intervention is required.

3. Is Veriff suitable for small businesses?

Yes, Veriff is designed to cater to businesses of all sizes, including small and medium-sized enterprises (SMBs). Its flexible pricing and feature set make it an ideal choice for SMBs looking to enhance their identity verification processes.

4. How does Veriff ensure data security?

Veriff employs industry-standard security measures to protect user data during the verification process. This includes encryption, secure data storage, and compliance with relevant data protection regulations.

5. Can Veriff be integrated with existing systems?

Yes, Veriff offers a seamless integration process with comprehensive developer documentation, making it easy for businesses to incorporate its identity verification solutions into their existing systems.

6. What support does Veriff provide for businesses?

Veriff offers dedicated customer support, including assistance with integration, troubleshooting, and ongoing account management to ensure businesses can effectively utilize the platform.

7. Is there a free trial available?

Yes, Veriff provides a free trial for businesses to explore its features and capabilities before committing to a paid plan.

In conclusion, Veriff stands out as a comprehensive and user-friendly identity verification platform that addresses the needs of businesses across various industries. With its advanced features, global reach, and commitment to user experience, Veriff is well-equipped to help organizations combat fraud and build trust in their digital communities.