Veratad Technologies IDresponse®

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Additional Info

Company (that provides the nominated product / solution / service)Veratad Technologies
Websitehttps://veratad.com/
Company size (employees)10 to 49
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

* Flexibility: Organizations often do not have teams with decades of experience managing age and identity verification, compliance and fraud issues. Many struggle to find flexible age and identity verification solutions for the complex intersection of regulation, compliance and identity without diminished user experience and excessive expenditures. Veratad’s IDresponse is a flexible solution built to scale up or down to meet the changing needs of these organizations, thereby protecting them, and their customers, from fraud and compliance issues.
The traditional way of matching customer-provided personal data to trustworthy databases is often the most efficient, cost-effective way to verify identity, and Veratad provides access to trusted and verified data on 4.5+ billion citizens worldwide. For businesses that require higher confidence levels, Veratad provides a suite of verification methods alongside its robust identity data that include ID Document Verification, Biometrics, Knowledge Based Authentication (KBA), and the Veratad Smart2FASM two-factor authentication (that verifies identity by combining identity data with phone data for new customer onboarding). Veratad’s services are available in a single API that can be deployed as stand-alone or in escalation, offering the client maximum flexibility.
* Efficiency: With Veratad’s IDresponse®, organizations can prevent fraud and comply with complex regulations (from KYC to GDPR) efficiently and less expensively by having a single point of customized service that includes a full complement of verification methodologies in an easily deployable API. Veratad has processed tens of millions of verification transactions with a 99.999% uptime record.
* Enhanced End-User Experience: Veratad’s solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad’s IDresponse® proves that compliance doesn’t — and shouldn’t — damage the end-user experience. It offers a seamless user experience with intelligent friction that fosters trust between an institution and its customers.

Brief Overview

Veratad’s IDresponse® is an innovative secure platform that provides the reliability, scalability and flexibility that any organization needs to start verifying identity while seamlessly managing changes in rules and environments. As a result, Veratad’s suite of powerful, intelligent, cloud-based technologies help financial services, healthcare and educational organizations and any business engaged in age-restricted commerce satisfy strict identity requirements while protecting them from government-imposed penalties.

The Veratad IDresponse® suite includes solutions based on worldwide identity data verification, identity document verification, biometrics, Smart2FASM and knowledge-based authentication (KBA). Whether deployed as stand-alone or in combination, these technologies are all designed to increase profits, reduce costs, prevent fraud and enhance KYC and AML compliance efforts with access to identity data for more than 4.5 billion citizens globally. IDresponse® easily delivers disparate identity services while seamlessly managing changes in rules and environments.
Veratad’s IDresponse® proves that compliance doesn’t — and shouldn’t — damage the end-user experience. It offers a seamless user experience with intelligent friction that fosters trust between an institution and its customers. For institutions, the result is a smooth process that doesn’t scare away legitimate customers or businesses.

Veratad Technologies, LLC is a world class provider of online/real-time identity verification, age verification, fraud prevention and compliance solutions, designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by some of the world’s most well-known corporations that use its solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility. Veratad has achieved ISO-27001:2013 certification, an international information security management system standard.