Veriff has announced significant updates to its IDV product – as it looks to fully automate the identity verification process.
The newly formed approach looks to increase the efficiency in the way consumers verify their identity. Veriff’s solution uses advanced machine learning to enable a 100% automated identity verification process with zero human involvement.
Suvrat Joshi, Senior Vice President of Product at Veriff, commented: “This solution is ideal for businesses that require the fastest speed, highest conversion, and detailed session insights to provide their customers an extra layer of security. The great news for all our customers is that the automation advancements made to the fully automatic solution also enhance Veriff’s core identity verification offering.”
Central to the solution is bolstering the conversion rate of consumers for businesses through increasing the speed of the user experience.
The hybrid option of Veriff’s offering is highly automated but unlike the fully automated solution, it is supported by the reassurance of highly trained verification specialists. It has greater flexibility and offers higher fraud prevention and accuracy as well as more risk insights.