Reduce the Risk of Fraud and False Identities with Online Identity Verification


Rapid digitization of companies and organizations has changed the way they interact with their customers. Nowadays most of the companies are not interested in having hour-long meetings with their customers to validate their identity. But even then, verifying identity remains an important aspect of a successful transaction between the company and the customer. Remember the days when you would go to the bank with all your paperwork to verify that you are the rightful owner of the account? With rapid digitization, you don’t need to do that anymore. Instead, most financial institutions and banks are using online identity verification to verify their customers old and new alike. 


Not just financial institutions but several other companies such as Airbnb are using an online identity verification process to validate the owners of the houses. Why do you think most companies these days prefer online identity verification? The main reason is that it saves them a lot of time as most of these identity verification software products can be directly downloaded on the phone of the customer. These software products have various features to identify if someone is fraud or providing fake documents. 

Using advanced technologies such as facial recognition, voice recognition, and more, identity verification software has become a reliable method for companies and organizations. These software products can also identify if someone is providing fake documents or documents that might have been tampered with. With such tech-driven solutions, identity verification has become easier and smoother for companies of all industrial sectors. Several companies offer online identity verification services to their clients. One of the leading companies offering excellent identity verification software is BASIS ID.

BASIS ID is one of the leading companies that has been recognized by several companies as the best KYC service provider. Employing the latest technology, the company offers excellent identity verification software. Established in 2017, the company has been helping companies verify their customers digitally. With an average rate of 30 secs per verification, BASIS ID has now verified several million users. The company has made its presence known in Europe and Singapore. BASIS ID comprises information from all screening lists such as OFAC, HMT, UN, and more. The company also provides AML services to financial institutions. Contact them now to know more.

About BASIS ID: 

BASIS ID is a leading provider of the KYC and AML compliance program.

For more information, visit https://www.basisid.com/

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