In today's digital age, the need for secure and efficient user verification processes is paramount. Electronic Know Your Customer (E-KYC) procedures have become indispensable for businesses and organizations to authenticate their users while complying with Anti-Money Laundering (AML) regulations. Valify offers a seamless E-KYC solution, designed to simplify the user verification process while maintaining the highest standards of security.Â
One of the cornerstones of our E-KYC process is its simplicity. Users can effortlessly scan their national ID, passport, driver’s license, or car license directly on our platform. Our advanced technology then swiftly extracts all the necessary data from the document, sparing users the hassle of manual data entry.
Security is paramount when it comes to user verification. To ensure the validity of the submitted ID, we employ a comprehensive set of over 40 checks. These checks scrutinize various aspects of the document, including holograms, watermarks, and security features. This thorough validation process guarantees that only legitimate and unaltered documents are accepted.
To further enhance security and prevent identity theft, we require users to capture a selfie as part of the verification process. This step ensures that the requester is indeed the same person who initiated the verification request, adding an extra layer of authentication.
To safeguard against deep-fakes or filters that could be used to trick the verification system, we incorporate liveness detection by providing users with randomized validation instructions. These instructions may include specific actions or gestures to confirm their authenticity. This approach helps us maintain a high level of trust in the verification process.
As part of our commitment to AML (Anti-Money Laundering) compliance, we utilize Valify Shield for cross-verification of the extracted data, including the user’s name and ID number, against our extensive customers’ watchlist sections. This thorough cross-check ensures that individuals engaged in suspicious activities or on watchlists are promptly flagged for further review, facilitating organizations in complying with stringent regulatory requirements.
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digital future.
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