THE HID IDENTITY VERIFICATION SERVICE IS AN OFF-THE-SHELF,END-TO-END SOLUTION FOR DIGITAL ONBOARDING AND KYC COMPLIANCE
The HID Identity Verification Service runs a suite of advanced technical checks against every
customer submission to ensure that identities are thoroughly authenticated and verified. Your
business is protected from fraudulent identities that have been tampered with or forged, as you
offer customers a more user-friendly onboarding experience.
Across the globe anti-money laundering directives are becoming more stringent, requiring regulated firms to verify the
identities of their clients prior to engaging in any commercial activities. This verification process is referred to as Know
Your Customer (KYC) and Anti Money Laundering (AML). Whilst KYC/AML is necessary to prevent against fraudulent
and other illegal activities, it is often a source of inconvenience and frustration for both the business and the customer.
The challenge is that most onboarding processes deployed in the past are manual and cumbersome for firms and
their customers causing minimal compliance practices, significant cost increases when acquiring new customers and
customer drop off—all of which result in lost business. In addition, since the large shift toward a more connected
world, customers are starting to demand a fully digital identification process that enhances the entire user experience.
