Veratad

Veratad is an identity verification platform offered by Veratad Technologies, LLC. According to the vendor, it is designed to provide businesses of all sizes with a suite of solutions to verify customer identities, prevent fraud, ensure regulatory compliance, and validate customer data. Veratad caters to a wide range of industries, including financial services, e-commerce, healthcare, retail, and education.

Key Features

Fast, Secure Digital Onboarding: Veratad offers a digital onboarding solution that, according to the vendor, allows companies to validate qualified customers and filter out potentially high-risk prospects. It aims to deliver a positive onboarding experience while prioritizing fraud and data privacy protection.

Onboard Customers Using Methods that Streamline their Journey: Veratad provides a collection of verification methods, including identity documents, data, KBA, Smart 2FA, and biometrics. According to the vendor, these methods can be used in various combinations to streamline the customer onboarding journey.

Prevent Fraud & Bad Actors from Harming Your Business: Veratad's verification methods enable companies to deploy security-related friction in the onboarding process, protecting against fraud and fostering trust among users. According to the vendor, this is achieved without negatively impacting the user experience.

Onboarding ID Verification with Unparalleled Flexibility: Veratad offers a suite of identity verification methods that can be seamlessly integrated with each other. According to the vendor, this flexibility allows companies to design verification workflows that facilitate smooth transactional processes while ensuring compliance requirements are met.

Identity Data: Veratad's platform allows companies to verify identity against a global data set of more than 5 billion people. According to the vendor, this helps ensure smooth onboardings and transactions for appropriate customers while protecting the business.

Identity Documents: Veratad's identity document capabilities empower companies to efficiently manage and verify identity documents within seconds. According to the vendor, this ensures a seamless onboarding experience.

Smart 2FA: Veratad's Smart 2FA introduces two-factor authentication to customer onboarding, delivering a high level of surety regarding customer identities. According to the vendor, this enhances security without compromising the onboarding process.

Biometric Liveness Detection: Veratad's biometric identity verification provides reads that verify customer identities instantly. According to the vendor, this method can be used as a standalone method or in conjunction with other verification solutions, adding an extra layer of security to the onboarding process.