Veriff, a global identity verification (IDV) provider, today announced that it has joined Visa Fintech Partner Connect to provide fintechs and traditional issuers with a fully automated identity verification platform powered by AI.
By participating in the program, Veriff will deliver a tailored identity verification experience to Visa’s vast network of issuing customers, helping stop fraud attempts and bad actors through the use of its online IDV solution powered by the ‘IA.
Veriff’s intelligent decision engine uses machine learning to analyze more than 9,500 variants of government-issued identification documents from over 190 countries in 39 different languages. Veriff’s capabilities enable its clients to grow across borders, making its decision engine smarter and more efficient over time. Veriff leads with transparency, giving its clients a comprehensive overview of its decision engine to ensure they have confidence in the technology and the use of personal data. Veriff is a trusted advisor who addresses the growing need for online trust with accurate and efficient technology, setting the benchmark for online VID today.
The Visa Fintech Partner Connect program is designed to help financial institutions quickly connect to a select and select set of technology providers. By streamlining the discovery process, Fintech Partner Connect can help Visa’s issuing partners create digital experiences without the cost and complexity of building back-end technology in-house.
“Enabling global growth by providing a seamless digital IDV process for Internet companies is a key pillar of our business offerings. With our premium identity verification service, Veriff is proud to work with Visa to help fintechs comply with AML regulations and mitigate the risk of identity fraud, ”said Janer Gorohhov, co-founder and CPO of Veriff.