We ensure that brands are secured from the incidence of ID thefts and also help these brands improve their customer onboarding (sign up and verification) processes.

Address

Apt 4, Trybe Court, Tse-Addo, Accra, Ghana.

Email

support@verifylab.tech

Phone

+233 59 738 5789

Enhanced Due Diligence

Quickly switch between Due Diligence and Enhanced Due Diligence based on available customer data.

Know-Your-Customer (KYC)
Know-Your-Business (KYB)
OCR & NFC, Biometric based Verification
Onboarding (Plus)
Risk Assessment (Scoring)
Custom Exposed Persons (CEP)
Age Estimation

Know-Your-Customer (KYC)

Know Your Customer (KYC) procedures are essential to any business. Its essence cannot be downplayed and initiates the customer risk assessment journey. KYC processes ensure that you know the identity of your customers and the risks they could pose to your organization. Switch to Verifylab and let’s demonstrate to you how KYC should be done.

Know-Your-Business (KYB)

Verify businesses anywhere in the world with access to up-to-date independent data sources, including government registries, credit bureaus, public records, proprietary information and enriched data that goes beyond any single source. Business registries data varies from country to country and sometimes you might not have all the key essentials for making the right decision. Let Verifylab be your choicest partner in knowing the business of your customer.

Current and past credit ratings Contact information, including website info. Complete shareholders breakdown by type and number of shares Court judgments and mortgage summaries. Employees, subsidiaries, and even advisors information.

OCR & NFC, Biometric based Verification

The concept of Optical Character Recognition (OCR) and the use of the Machine-Readable Zone architecture (MRZ) works collectively to ascertain the true authenticity of any formal government issued ID card. The two concepts intelligently enable easier verification by just a physical scanning device serve as the primary data reader and converts read data into usable forms. Streamline exhausting data management by extracting and storing the required information from piles of structured documents. Extract any data from standard documents and store on your servers in digital form. Data detection and extraction from multilingual scripts (supports complex scripts such as Chinese, Arabic, Latin & more). Fetch predefined information from structured/unstructured multilingual documents and store on your data servers. The combination of biometrics to NFC and OCR functionality ensures documents are verified in-situ or remotely without any noticeable differences. Use our advanced biometric checks to verify the person presenting the identity document is the same individual. We perform a comprehensive analysis leveraging biometric and behavioral vectors to give you the highest level of assurance. Enhance the strength of your authentication process with a biometric solution that’s anchored by a top NIST-rated algorithm. With real-time comparisons and stringent liveness detection, we deliver unmatched accuracy. Manage a range of verifications, from ID to selfie and beyond, ensuring a comprehensive and reliable identity verification experience.

Onboarding (Plus)

VerifyLab makes acquiring new customers worth the investment, converting more people into customers, while stopping bad actors from exploiting your service. Comply with anti-money laundering regulations and know your business requirements in the United States, Europe, United Kingdom, Australia, Asia, and other regions. Onboard easily by integrating our onboarding modules into your existing service points or let’s customize a solution that suits your customer onboarding journey. As you strive to meet KYC regulations, it can take a long time to verify user-provided information during onboarding. In the end, users drop off and take their savings elsewhere. With an automated remote onboarding process referred to as Onbaording Pro, savings can be made instantaneously. VerifyLab automates your onboarding process and seamlessly onboard users in a matter of seconds.

Risk Assessment (Scoring)

Protect your organization from the threat of impersonation, synthetic identities, identity document fraud and abuse. Empower your fraud investigations team with a consolidated view of the risk associated with each session. Delivers a single, actionable numeric value that represents the overall risk associated with an identity verification session, enabling you to make fast and efficient assessments, implement new strategies and fine-tune existing fraud rules to defend against evolving threats. Use it to get a high-level view of the session's fraud risk or as a key part of your in-house model.

Custom Exposed Persons (CEP)

In dealing with our cross border and local clients, VerifyLab settled on the fact that aside the well-known and generally accepted PEP, FEP and sanctions list, exposed persons, there exists other client-peculiar factors which places a person within a certain level of risk which may not necessarily be PEP, as such we originated the concept of Custom Exposed Persons (CEP), where a custom list of exposed persons peculiar to each customer, is gathered and monitored. For example, a close relation to a member of the executive board of Bank “A” could be exposed to an extent as some detailed checks on the persons account, could be overlooked simply because he/she is related to a board member. Such data do not ordinarily exist and must be manually consolidated. Verifylab helps you build your CEP and run constant monitoring to ensure you are on the right side of the law and indemnified from all future probable financial irregularities.

Age Estimation

Empower your access control teams with a seamless age and identity verification app, ensuring compliance with age-restricted regulations, while delivering frictionless customer experience and operational efficiency. Streamline your age-restricted offerings with VerifyLab’s low-friction age estimator. Leveraging facial age estimation and liveness detection from a simple selfie, we empower you to confidently serve your customers, safeguard minors and eliminate the need for ID documents for age detection. Our Age validation solution enables your business to seamlessly confirm whether or not users are above a minimum age threshold, choose to grant access to age-appropriate users while underage users are automatically declined. The calculated age is cross-checked to see if it is above your predefined minimum age threshold.