Smart ID Validator with Third Party Verification
AI-powered ID verification with third-party validation against credit bureau databases for enhanced accuracy and fraud prevention.
Details
What you get
Video
Description
The ID Document Verification with Third-Party Validation builds on our Smart ID Validator by introducing an extra layer of verification.
Uploaded ID documents are analyzed using AI, and extracted data is validated against trusted third-party databases like credit bureaus. This ensures higher accuracy, improved compliance, and stronger fraud prevention. While this solution costs more than the standard offering, it provides businesses with additional confidence in high-stakes verification processes such as KYC, onboarding, and financial compliance.
Note: This tool performs third-party verification by validating extracted data against a credit bureau's database. If you do not need this level of validation, explore our standard ID Document Verification Tool here.
Features
AI-Powered ID Verification
Detects and analyzes text and labels on uploaded ID documents.
Third-Party Validation
Cross-checks extracted data against credit bureau or other trusted databases.
Detailed Verification Insights
Provides clear pass/fail results with supporting confidence score.
Enhanced Fraud Prevention
Adds a robust layer of validation to reduce fraudulent submissions, such as checking for evidence of tampering or digital manipulation.
Regulatory Compliance
Helps meet strict KYC and AML requirements for sensitive industries.
Product information
- Upload the ID Document: Users upload an image of the ID document.
- AI Data Extraction: The tool detects and extracts relevant text and labels using OCR.
- AI Advanced Analysis: The uploaded image is tested for tampering and other fraudulent manipulations.
- Third-Party Validation: Extracted data is cross-referenced against the credit bureau.
- Verification Status: A detailed pass/fail result is generated with insights from both AI and third-party checks.
This solution is ideal for businesses and financial institutions requiring advanced ID verification with trusted third-party validation, ensuring the highest accuracy, minimizing fraud risks, and meeting strict compliance standards.
Use Case: High-Value Customer Onboarding
Industry: Banking, FinTech
Description: Verify customer identities with both AI and third-party validation when onboarding accounts involving high-value transactions.
Benefits: Ensures data accuracy, minimizes fraud risks, and strengthens regulatory compliance.
Use Case: Loan Application Verification
Industry: Financial Services, Lending
Description: Validate borrower IDs against credit bureau databases as part of loan processing to ensure trust and data integrity.
Benefits: Reduces default risks, streamlines approval processes, and builds lender confidence.
Use Case: Anti-Fraud Compliance Checks
Industry: Insurance, Real Estate
Description: Perform thorough ID verification and third-party validation for compliance checks during claims or large property transactions.
Benefits: Prevents fraudulent claims, ensures regulatory adherence, and protects organizational integrity.
This solution includes third-party validation (e.g., credit bureau checks), providing an additional layer of verification for higher accuracy and fraud prevention.
The third-party validation incurs an additional cost due to external database checks. Pricing varies based on usage and integration requirements.
The tool supports validation against trusted databases like credit bureaus and other approved identity verification providers.
Coming Soon
This feature will be available in early 2025.