FB pixel

Veriff biometric KYC widens Alloy’s AML platform capabilities

Veriff biometric KYC widens Alloy’s AML platform capabilities
 

Veriff will offer its biometric identity verification on the platform of know-your-customer (KYC) and anti-money laundering (AML) provider Alloy, enhancing its anti-fraud capabilities for banks and fintechs.

The partnership will have Alloy’s customer onboarding and transaction monitoring platform integrate Veriff’s identity verification system to help banks and fintech companies quickly combat fraud with identity verification capabilities, onboard customers, monitor transactions and credit decisions, and offer KYC solutions for clients in over 190 countries, according to a press release.

Veriff provides identity verification with video-based face biometrics that matches a selfie to the photograph on government ID, among other methods like behavioral analytics and location verification.

“The fraud landscape is constantly shifting, and financial institutions need to be able to adjust quickly to continue mitigating fraud,” says Brian Bender, vice president of strategic alliances at Alloy. “Our partnership with Veriff enables us to connect our clients with more identity verification and KYC offerings that meet each of their compliance needs and empower them to remain agile in the evolving market.

Veriff’s latest partnership with Alloy adds to a list of collaborations the firm has made by contributing its biometric identity verification for KYC needs. The company joined the Visa Fintech Partner Connect in September 2021, and signed up Deel as a customer in November 2021.

Related Posts

Article Topics

 |   |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News

 

IDNow, Microblink, Smartsearch look for market growth with key hires

IDNow, Microblink, and Smartsearch have each made key leadership announcements. Ranging from the C-suite, to global sales and regional expansion,…

 

Okta warns of trust gaps as AI agent deployments grow

As the deployment of AI agents keeps increasing across sectors, there are concerns about whether they are trusted by users…

 

Biometrics disrupting the future of movement, on and offline

Biometrics are disrupting different areas of life, from how people interact with governments for basic services to the esoteric world…

 

Alexa, sue Amazon: tech giant faces class action over voice recordings

Users of Amazon’s Alexa are clear to pursue a class action over allegedly illegal recordings of private conversations. In Seattle,…

 

Epic Games provides Yoti facial age estimation to Bluesky for UK users

Social media platform Bluesky has selected Epic Games’ software, including biometrics-based age estimation from Yoti, to ensure its compliance with…

 

RealSense targets robotics, 3D facial recognition security with $50M in hand

RealSense has cut the cord tying it to Intel Corp, where the 3D camera company was born, with $50 million…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events