Better ID Proofing with AI Verification Tools
Built using the latest AI identity verification technology, FTx Identity ensures the highest level of accuracy.
The Future of AI Verification and Validation
AI verification and validation is the future of ID proofing. Our AI tools like facial recognition, 3D liveness detection, and biometrics enhance digital ID validation and help to stop identity fraud in its tracks. Leverage the power of AI in your ID and age checking process, and protect your business from the latest identity fraud threats.
Why Enterprises Are Struggling with Identity Management
The primary enterprise stress of those operating in regulated industries such as banking, finance, Ecommerce, gaming, and healthcare is driven by the need to solve and manage digital enrollment. It is required by these businesses that they make sure that their customers are who they say they are and demonstrate compliance with KYC (know your customer) and AML (anti-money laundering) rules.
Customers may experience friction as a result of the necessary identity management, which may negatively affect the business units (BU) tasked with increasing sales through the acquisition of new customers and offering customer service while simultaneously safeguarding customers from identity and financial theft, fraud, and loss of private information. Additionally, these same customer protection solutions may have a detrimental influence on the customer experience, leading to customer drop-off and revenue loss as a result of existing and new customers switching to competitors that offer greater digital workflows and customer experiences.
Build a Better Validation Process with AI Verification Tools
Based on AI, FTx Identity offers a frictionless digital age verification process. Our platform uses AI tools like 3D liveness detection, proprietary and complementary authenticators, and a real-time decision engine (built on automated microservices and API-based cloud platform). The result is the best user experience for customers and employees.
AI Verification
A new customer submits a passport, government-issued ID, and proof of address for verification. In the absence of AI validation tools, these documents would need to be reviewed by a human. This process is time-consuming and less accurate.
AI ID verification offers an effective solution. Document verification with AI becomes automated. Documents are uploaded via a website or app, the evaluation process takes place instantly, and the likelihood of error is small. As a result, customers no longer have to wait so long for their accounts to be approved, resulting in a lift in customer experience.
KYC and ID verification are processes that have several steps. Each of these stages must be completed, and they must be done in the exact order prescribed. If you are not making their lives easier during these processes, there is a genuine possibility that you will lose potential customers, given that people want things done promptly and have an abundance of options and alternatives. In an ideal scenario, customers would want to rapidly complete this process, move onto the next step, and then, after a short while, be on the other side of it.
Artificial intelligence streamlines the entire verification process from beginning to end while increasing the efficiency of each phase. Users go seamlessly from one stage to the next, lowering the likelihood that they will switch to another provider. AI is integrating the process and making it flow, from OCR (optical character recognition) inspections and 3D liveness detection to acquiring personal information.
AI verification software reduces KYC and ID verification costs. While the costs involved with these processes may not be visible to the naked eye, there are many factors at play. The following is a breakdown of the key elements that make up the entire KYC cost:
- The salary and compensation of the compliance teams responsible for monitoring the process and examining documents
- The cost of outsourcing or building the required technologies for completing KYC and identity verification
- The revenue lost as a result of potential customers quitting or switching providers as a result of an inadequate onboarding process
- The regulatory penalties connected to a poor verification process
- The damage to oneโs reputation and the loss of customer trust brought on by security-related events like personal data breaches
Safer, More Efficient ID Verification with AI
Using our innovative technology, we provide you with a fraud-free experience and the best possible ID verification.
- Numerous artificial intelligence models are used to detect fraud in real-time
- AI models provide quicker, more dependable, and accurate ID verification when trained with enough real data
- Smarter AI models catch sophisticated fraud, e.g. altered identity documents or biometric spoofing
- Our cutting-edge artificial intelligence technology is simple to integrate into a variety of channels
Get to Know Our AI Validation Tools
Worldwide Coverage
Prevent the use of accounts that were stolen, sold, or otherwise accessed in violation of your companyโs terms of service.
Precision in Authentication
With unique artificial intelligence models for each type of document, the improved artificial intelligence makes document authentication extremely accurate.
Rapid Verification
Technology-advanced artificial intelligence algorithms from FTx Identity quickly and seamlessly onboard your customers by verifying their identities.
Superior Performance
Enhanced artificial intelligence is based on models that have been trained on real data, so they can provide you with an accurate verification solution rather than merely performing on paper, and these models improve in accuracy with each verification that is carried out.
A Safer, More Effective Verification Process
To guarantee that every verification is as precise as possible, FTx Identity offers a multi-layered model.
Final Answer Verified by Artificial Intelligence
Our AI tools learn from ID documents from more than 180 countries. This results in high accuracy in verifying a wide range of documents, from driverโs licenses to passports. The artificial intelligence quickly evaluates user faces and ID documents, then offers a definitive answer or explanation (in the case of a failed verification).
Quality Assurance Audit for Well-Informed Results
FTx Identity conducts verification audits to ensure our online identity verification process provides only correct results. Tech professionals can eliminate system ambiguity and lower false positives with the help of these timely audits.
Automated ID Verification
The identity verification procedure can be successfully automated by utilizing improved artificial intelligence technology. You may rapidly verify the identification documents of your customers worldwide by ensuring special security features, thanks to improved artificial intelligence.
Industries
Comprehensive solutions tailored to every industry
Fast, Simple, and Secure
Digital Age Verification
Need to verify age quickly and securely? Whether youโre in-store, online, or both, weโve got what you need. Our solutions ensure compliance while making the process hassle-free for you and your customers!