Few Key Pointers to Choose the Right Online Identity Verification Software


Nowadays, most companies offer their services through an online platform to reach more potential customers. Although this has offered companies a chance to interact with their customers effectively, it has also made them fall prey to customers with fake identities. This is most applicable for financial institutions and banks where verification of the identity of the customer is important. Previously, most of these institutions use to carry out a long paper procedure to verify their customers. This made the whole process complicated and time-consuming. The constant push to go paperless and fast customer verification gave rise to a new breed of software known as online identity verification software. These software products are built to verify the identity of customers in just a few seconds without using paper. Customers can upload their documents on the software portal and get verified. 


Now, most such online identity verification software claims to provide the best services in the market but not all stand true to their words. Therefore, you must consider a few key points before purchasing such software.

· Choose a customer verification software that has a responsive design that works on any screen. This will help the customers access the software from anytime anywhere on any device. 

· Choose efficient customer verification software that uses authentic data sources. If the software is using multiple databases, then rest assured you will get increased accuracy and precision.

· Make sure to choose the software that gives high priority to maintaining the privacy of customer data. The software provider mustn’t share such data with third-party affiliates. 

· Choose software that has enhanced fraud detection such as identifying damaged or tampered photographs or documents. 

BASIS ID is amongst the very select few companies that offer an online identity verification service that fulfills the aforementioned points. The company offers outstanding customer verification software that can be used to verify your customers in a few minutes. With an advanced level of fraud detection, the software provided by BASIS ID can easily identify fake or tampered documents. The software uses the latest and updated databases such as OFAC, UN, HMT, and more for matching the profiles accurately. The software uses the latest technologies such as AI, biometric facial recognition, and screening solutions. Contact BASIS ID now and equip your business with the best identity verification software on the market.

About BASIS ID:

BASIS ID is a prominent company offering advanced and innovative KYC software solutions.

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

Comments

Post a Comment

Popular posts from this blog

Important Things to View When Choosing a KYC Service Provider

Image
How are you verifying the identity of your customers since everything has become online and you cannot see them face-to-face? Or what’s your master plan on protecting your financial institute from thefts and money launderers? Have you got any idea? If not, don’t worry because we have found a robust and powerful tool that will help you. If you don’t want to spoil your user’s experience, you should start using an  identity verification service . This software is specially designed for financial sectors so the identity of customers can be verified easily and quickly. That’s why identity verification software is used by many banking and financial institutions. Since identity verification is so important, both legally and for the general security of your business, you cannot just choose any KYC vendor. If you want to get the most amazing experience that is worth your time and money, follow these steps and find the most trusted service provider in no time.  ●  Service coverage:  If your fina
Read more

BASIS ID: Providing Robust ID Verification Process for Efficient AML Compliance

Image
Most financial institutions and banks want to implement an efficient AML compliance program to increase the security of online transactions. Not just the financial sector, but several companies from non-financial sectors also find the need to employ a strong  AML compliance program . For example, certain gaming companies will be next in line to implement this program to reduce the risk of fraud.  One of the most important elements of a robust AML compliance program is its ability to verify the identities of the customers of the organization. And that’s where the AML id verification software comes into play. Now, when you look at the market, you will find numerous such software solutions with advanced features claiming to provide an efficient id verification process. But not all of them stand true to their claims.  It has been observed that most of these software products deteriorate the quality of user experience. With a lengthy and complicated id verification process, most customers d
Read more

BASIS ID: Get the Fastest AI Technology for KYC Verification

Image
The banking and the financial sector need quick processing tools as in such sectors one has to deal with multiple customers in a day. Maintaining and tracking information of each customer in the systems is important to make sure that in the future there are no troubles in accessing their banking details. Most of you are aware that when you have to make a new account of a customer in your bank or financial institute, you need the customer KYC application form to complete the formalities and verify their information. This verification process is lengthy and can take up more time and keep your customers waiting. Therefore, you need a next-gen solution powered by artificial intelligence. BASIS ID offers you excellent id verification software that is completely based on AI. The processing time of the software is in seconds. You can see it yourself by requesting a free demo from the professional team at BASIS ID.  When most people look for artificial intelligence software for KYC verificati
Read more