Identity verification software provides automated verification of individuals by utilizing technologies like document scanning, biometrics, facial recognition, database cross-checks, and AI. These tools streamline user onboarding while improving fraud detection and reducing compliance risks. These tools provide layered protection against identity fraud. They are used to secure new customer onboarding as well as other transactions, and to ensure regulatory compliance.
Use case/ examples of identity verification software
Fraud rate reduction: Reducing the rate of fraud in online lending approvals through the use of advanced identity document analysis.
Digital onboarding: Verifying customer identity in banking, insurance, and gig economy platforms with Mitek's selfie and document verification tools.
Compliance: Meeting KYC and AML regulations easily and efficiently through the use of a secure, AI-driven verification workflow.
Explore Mitek's identity verification platform
