Identity Verification On Demand for Initial & Continuous Authentication
Acuant Verify provides complete identity proofing and verification on any channel, from any location in the world. We are trusted by thousands of global industry leaders to improve and protect their business operations in the physical and digital world. Automated verification solutions are omnichannel, scalable and secure. Acuant uses end-to-end encryption and never stores personal data or images.
Acuant’s patented AI technology provides document, data and biometric authentication with liveness tests to truly verify if the person transacting is who they say they are. Acuant Verify significantly reduces employee training, operating costs and customer inconvenience. Our solutions show trusted consumers the fast lane, while adding checks to suspicious users, so you can keep your business growing.
Acuant Verify is stringent enough for the highest security environments- able to fight and deter sophisticated fraud, identity spoofing, deepfakes and synthetic IDs- and flexible enough for simple transactions. No matter your use case, Acuant streamlines workflows and protects against identity theft and fraud. We also meet compliance needs with our AML solutions, all in one platform. We automate Know Your Customer (KYC) processes, including Video KYC, which are often manual and time consuming, to quickly identify good customers versus the bad actors you want to avoid.
Combined with patented Digital Identity technology eDNA technology, Acuant allows you to build, proof, monitor and re-use an identity, going beyond initial verification.
Synthetic Identity Fraud: A Costly Challenge
Real-life scammers continue to come up with creative ways to commit crimes, notably in the financial services arena. This is especially true with schemes like synthetic identity fraud where identities are built with a number of different identity components.
While both are typically used for financial gain, identity theft and synthetic identities differ in the actual utilization of the stolen personally identifiable information (PII). Unlike traditional identity theft where a fraudster uses only a specific individual’s stolen—yet real—information, synthetic identities are created by fraudsters using elements of both real and fictitious PII. This “identity” is then used to obtain a loan or large credit line, but it’s never paid back.
Download the eBook – Synthetic Identity Fraud: A Costly Challenge to learn more.