HID IDVerification Service

Deliver a seamless customer digital onboarding experience, while reducing costs and customer drop-off with an off-the-shelf, end-to-end identity verification solution

The HID Identity Verification Service is a solution for financial institutions that need to support digital onboarding aligned with KYC principles. It runs a suite of advanced technical checks against every customer submission to ensure that identities are thoroughly authenticated and verified. Financial institutions are protected from fraudulent identities that have been tampered with or forged, as customers enjoy a seamless onboarding experience.

Overview

Seamless User Experience

• An intuitive and convenient workflow for end-customers and businesses to securely submit their identity information anytime, anywhere in less than 1 minute.
• A Business Portal provides streamlined workflow for business to review and approve submissions

Ease of implementation

• Integrated into the existing workflows within a day
• Instantly customisable to the needs of the customer
• Fully branded with the business colours and logo in a few clicks

Robust Compliance

• Meet AML & KYC requirements without the complexity, cost, timelines and risk
• Industry-leading biometric, document and database checks verify that documents have not been forged or tampered with

Reduced Customer Dropoff

The seamless and convenient customer experience significantly reduces the number of customers that don’t complete the onboarding process

Reduced integration time

• Pre-integrated into Temenos Infinity and Temenos Transact, creating the user profile in T24 after the identity verification process
• Can be delivered with HID Authentication and HID Risk Management Solutions for a secure and consistent, end-to-end digital identity lifecycle

Reduced Risk of Identity Fraud

Each customer submission is thoroughly verified and authenticated using a suite of industry-leading technologies, thus reducing the risk of identity fraud for the business.