- Veratad integrates IDVerse’s optical character recognition (OCR) and document fraud analysis (DFA) cores to further global coverage.
- This integration is already serving over a dozen countries split over 4 continents with very different needs.
- This world class partnership future-proofs age and identity verification as customers, fraud trends and use cases expand.
London, UK – 30 July 2024 – IDVerse, a pioneer in generative AI identity tools, celebrates a significant partnership with Veratad Technologies, LLC, a leader in global age and identity verification solutions, implements their next generation optical character recognition (OCR) and document fraud analysis (DFA) cores. Veratad, a world class provider of online Age and Identity Verification, has chosen IDVerse as the best in breed technology provider to enhance its global coverage and fraud prevention accuracy for its customers.
This collaboration brings cutting-edge online age verification and fraud prevention services to over a dozen countries across four continents, each with unique regulatory and market needs. The integration of IDVerse’s fully automated reinforcement learning capabilities into Veratad’s solutions ensures robust identity and age verification, fraud prevention, and compliance with local regulations.
In response to the rising threat of deepfake attacks, where fraudsters manipulate imagery and sound to create synthetic data, Veratad and IDVerse are proactively fine tuning their tools to counter this threat and react to customer needs. Recent data from IDVerse shows that approximately 25% fraud attempts involve synthetic media, emphasizing the urgency of counteracting this issue as it evolves.
“We rigorously tested IDVerse and their technology extensively before implementing their document capture and fraud analysis modules and we continue to optimize the offering together. They are bringing the next wave of identity infrastructure to the market which aligns with our world-class verification solution” stated Thomas Canfarotta, VP of Product at Veratad.
John E. Ahrens, CEO at Veratad said: “As the identity verification, age verification and fraud landscapes evolve, we are committed to providing our customers with a future-proof platform. IDVerse’s fully automated reinforcement learning keeps us ahead of emerging threats.”
Veratad customers benefit from customizable fraud profiles to ensure that each one receives a tailored service to empower their individual market and industry whilst maintaining smooth user onboarding, and robust compliance with regulatory standards.
“At IDVerse, our mission is to provide the best identity infrastructure for our partners, including solutions to verify age and protect minors online. Veratad exemplifies how this collaboration should work, ensuring readiness for all age and ID verification use cases,” stated Libby Robinson, Head of Partnerships of IDVerse.
Robinson continues: “The flexibility for platforms to customize their offering using IDVerse’s modules enhances every step of the identity and age verification journey. Each module leverages computer vision and neural networks to ensure the latest advancements are applied.”
The ability for partners and customers to integrate IDVerse’s identity cores–OCR, DFA or Proof of Humanity–sets this partnership apart, offering unparalleled flexibility and security.
The collaboration between IDVerse and Veratad marks a significant advancement in online minor protection and identity verification, combining cutting-edge generative AI with world class security and user experience.
ENDS
For inquiries, please contact:
IDVerse Media Contact: Matt Ingman, moc.e1732192313srevd1732192313i@aid1732192313em1732192313
Veratad Contact: John M. Ahrens, moc.d1732192313atare1732192313v@sne1732192313rhamJ1732192313
Download: Media Kit
About IDVerse
IDVerse provides the tools and infrastructure that empower the identity verification industry, enabling businesses to verify anyone’s identity within seconds using only their face and smartphone—across over 220 countries and places, and with nearly any issued ID document. IDVerse is fighting AI bias by developing face recognition systems that prioritize inclusivity and fairness. Through our Zero Bias AI™ tested technology, we harness the power of regenerative AI to mitigate discrimination based on race, age, and gender. This advanced technology not only fights fraud and deepfakes but also significantly reduces associated risks.
IDVerse is trusted by startups, governments, and global enterprises, including HSBC, Uber, Experian, Equifax, and LexisNexis. Founded in Australia in 2018, IDVerse is a Series B venture-backed company with offices in Sydney, London and Silicon Valley.
For more information, visit https://idverse.com/
About Veratad
Veratad Technologies is at the forefront of online age and identity verification solutions, committed to protecting businesses and consumers in a digital world. With a diverse range of verification methods and technologies, Veratad’s solutions are designed to mitigate fraud risks, comply with regulatory requirements, and ensure a secure and efficient online experience.
For more about Veratad: https://veratad.com
