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Veriff Launches Enhanced Proof of Address Offering
The fully automated process is completed in under 10 seconds, which manually could take hours or even days. Operation is simple - users upload or use the camera on their device to take a picture of a document - credit card statements, driver licenses, and utility or phone bills - that includes their physical address. Veriff then scans the document and automatically reads and extracts key details like names, residential addresses, dates, and transaction information. In addition to speed, the data-driven fraud detection is consistent, auditable, and reliably detects fraudulent forms of identification.
"Proof of address has been one of the greatest friction points in clients' onboarding flows, yet it's a crucial step to meet regulatory requirements," said Kaarel Kotkas , Veriff founder and CEO. "With Veriff's enhanced automated data extraction capabilities, the new solution makes the process multiple times faster and efficiently blocks fraudulent attempts."
Key benefits of Veriff's Proof of Address offering include:
To learn more about Veriff's new Proof of Address offering, please visit us here .
About Veriff
Veriff is an industry leader in online identity verification, helping businesses to build trust with their customers. Veriff's intelligent decision engine analyzes thousands of technological and behavioral variables in seconds, matching people to more than 10,200 government-issued IDs from over 190 countries. Founded in 2015, Veriff serves a global portfolio of organizations across financial services, crypto, gaming and mobility sectors. Veriff's clients include Blockchain, Bolt, Deel, Starship, Trustpilot, Uphold, Wise and others. Veriff's latest $100 million investment round brings its total funding to
$200M and its valuation to
$1.5B . The investors include Tiger Capital, Alkeon, IVP, Accel, Mosaic Ventures, Y Combinator, and others. With offices in the U.S., UK,
Spain and Estonia , Veriff employs over 550 people from 60 different nationalities who are dedicated to helping businesses to build a more secure world. To learn more, visit www.veriff.com.