Acuant has announced the addition of Video Know Your Customer (KYC) to verify identities.
Acuant’s Video KYC utilizes a live agent for additional security and certainty allowing businesses to meet regional regulatory requirements and to facilitate identity proofing with a user-friendly workflow.
Video KYC and identification offers a high-confidence, cost-effective way to transact with trust in an era of rapid digital transformation. Acuant has made the process seamless by orchestrating ID document authentication, biometric facial recognition match and providing the ability to layer on additional personal data checks (Potentially Exposed Persons (PEPs) and sanctions screening) – in less than five minutes. Customers follow an easy process with no apps to download and are connected to a live agent within two minutes. Available 24/7, the agents are able to immediately manage any flags or issues for the utmost security, while facilitating faster transactions for trusted customers.
Acuant’s service can be customized and configured to a specific use case, language, regulatory requirements and is able to address transactions throughout the entire consumer lifecycle.
Acuant is now able to verify the identity of more than 90 % of the world’s population via both traditional and alternative data sources. The addition of ProfileID via the recent acquisition of Hello Soda has enabled the use of digital footprints and social media data to address use cases that require alternative data and cover the thin-file, new-to-country, unbanked and underbanked populations.
With more than eight consecutive quarters of record-breaking revenue growth, innovation and global expansion are at the core of Acuant. “Our mission of powering trust for all is driven by delivering the gold standard in identity proofing and making that accessible to the entire global population,” said Yossi Zekri President and CEO of Acuant. “The addition of Video KYC to Acuant’s Trusted Identity Platform is helping to drive our mission and we are proud to continuously deliver on this, allowing our customers to quickly adapt to the fraud landscape.”
