InstantID ® gives financial institutions the ability to validate the identity of a consumer or business. By using InstantID, companies can achieve higher identity verification rates resulting in fewer manual reviews to process. It pinpoints applicants that represent the highest fraud risk through a unique FraudDefender index and delivers information which can streamline due diligence procedure.
Key Facts
1. Instantaneously verify and validate consumer and business identities
2. Comply with Federal regulations
3. Endorsed by American Banking Association
4. Comprehensive risk assessment
5. Automatic check of the Office of Foreign Assets Control (OFAC) list of known terrorists
6. 0-50 score generated with smart easy-to-audit results