What is Identance?
Identance offers a cloud-based identity verification platform designed to assist online organizations with efficient remote customer onboarding. Powered by advanced machine learning and artificial intelligence technologies, the solution streamlines the verification process, making it both quick and user-friendly. Identance focuses on preventing fraud and enhancing acceptance rates by employing AI alongside manual reviews by compliance experts for suspicious cases, ensuring accuracy and minimizing false positives or negatives.
The platform provides various verification services, including Know Your Customer (KYC), Address Verification, Anti-Money Laundering (AML) checks, and Know Your Business (KYB) solutions. It supports over 9000 ID document types across 246 countries and recognizes 82 languages via OCR technology. Identance emphasizes customizable risk assessment flows, on-demand compliance support, and branding options to integrate seamlessly into client operations, aiming to protect businesses and users while enabling scalability.
The platform provides various verification services, including Know Your Customer (KYC), Address Verification, Anti-Money Laundering (AML) checks, and Know Your Business (KYB) solutions. It supports over 9000 ID document types across 246 countries and recognizes 82 languages via OCR technology. Identance emphasizes customizable risk assessment flows, on-demand compliance support, and branding options to integrate seamlessly into client operations, aiming to protect businesses and users while enabling scalability.
Features
- KYC Solution: Verifies customer identity documents and face using AI and machine learning.
- Address Verification: Validates residential addresses using Proof of Address (PoA) and Source of Funds (SoF) documents.
- Anti-Money Laundering (AML) Checks: Screens customers against PEPs, Sanctions lists, Regulatory watchlists, and Adverse media.
- KYB Solution: Verifies business entities, directors, beneficial owners, and ID documents for compliance.
- Document OCR: Extracts data like name, DOB, expiry date, etc., from ID documents in 82 languages.
- Active Liveness Verification: Ensures the person being verified is physically present.
- Biometric Face Match Verification: Compares the user's selfie with the photo on their ID document.
- Anti-Fraud Features: Includes IP checks (location, VPN usage, scoring), email checks (scoring, lifetime), and phone number verification (scoring, lifetime, 2FA).
- Custom Risk Assessment: Allows tailored risk management approaches based on industry and user profiles.
- Manual Review Option: Provides human review for suspicious or high-risk cases.
Use Cases
- Remotely onboarding new customers for online businesses.
- Complying with KYC regulations in industries like fintech and crypto.
- Preventing identity fraud in iGaming and online platforms.
- Conducting Customer Due Diligence (CDD) through address and identity verification.
- Screening users against AML watchlists to mitigate financial crime risks.
- Verifying business entities and owners for B2B onboarding (KYB).
