Overview
TrustCloud's Video Identification and Verification (VideoID) presents an advanced solution, revolutionising client onboarding with a secure, user-friendly process. With the added advantage of VideoID Assisted, which involves expert fraud prevention agents, our solution stands out in the market.
TrustCloud's VideoID not only ensures a secure and compliant onboarding process but also contributes to a positive user experience. By leveraging advanced video technology, financial institutions can enhance their identity verification processes, reduce fraud risks, and stay ahead in the evolving landscape of digital finance.
Key Features
Key Features with VideoID Assisted:
Secure Onboarding:
•VideoID ensures a secure client onboarding experience.
•Incorporates video interactions for identity verification, aligning with KYC and AML regulations.
User-Friendly Experience:
•Enhances customer experience with an intuitive video verification process.
•Minimizes friction in the onboarding journey, prioritizing user convenience.
Real-time Identity Verification:
•Conducts immediate identity checks during video interactions.
•Accelerates the onboarding process with swift and efficient verification.
Document Authentication:
•Seamless presentation and authentication of identity documents.
•Ensures document authenticity, bolstering overall security.
•Biometric Verification:
•Integrates advanced biometric verification methods for enhanced security.
•Utilizes facial recognition technology for precise identity confirmation.
Fraud Prevention Agents (Assisted Option):
•Offers VideoID Assisted, featuring expert fraud prevention agents.
•Adds an extra layer of security and expertise to the verification process.
Abandonment Rate Reduction:
•With the Assisted Option, trust in the expertise of fraud prevention agents to guide users, reducing the likelihood of abandonment.
•Human interaction addresses concerns and uncertainties promptly, ensuring a positive onboarding experience.
Audit Trail and Reporting:
•Maintains a comprehensive audit trail for compliance purposes.
•Provides robust reporting capabilities for monitoring and analysis.
Scalability and Integration:
•Designed for scalable usage to accommodate varying user volumes.
•Integrates seamlessly with existing systems and processes for a unified onboarding solution.
Key Benefits
Enhanced Security:
•Ensures a secure onboarding process, incorporating video interactions for robust identity verification.
•Fosters compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
User-Friendly Experience:
•Provides an intuitive video verification process, enhancing the overall customer experience.
•Minimizes friction in the onboarding journey for clients.
Real-time Identity Verification:
•Conducts immediate identity checks during video interactions, accelerating the onboarding process.
Document Authentication:
•Allows users to seamlessly present and authenticate identity documents.
•Ensures the authenticity of documents, contributing to heightened security.
Biometric Verification:
•Integrates advanced biometric verification methods for enhanced security.
•Utilizes facial recognition technology for accurate identity confirmation.
Fraud Prevention Agents (Assisted Option):
•Offers VideoID Assisted, featuring expert fraud prevention agents.
•Adds an extra layer of security and expertise to the verification process.
Audit Trail and Reporting:
•Maintains a comprehensive audit trail for compliance purposes.
•Provides robust reporting capabilities for monitoring and analysis.
Scalability and Integration:
•Designed for scalable usage to accommodate varying user volumes.
•Integrates seamlessly with existing systems and processes for a unified onboarding solution.
Reduced Abandonment Rates (Assisted Option):
•The assisted option, with fraud prevention agents, contributes to reducing abandonment rates, ensuring a smoother onboarding experience.
TrustCloud's VideoID not only prioritizes compliance and security but also emphasizes positive user experiences, making it a leading solution in the digital finance landscape.