BOIVA is a verification platform that enables companies to authenticate users through a customizable API, offering a range of verification data points tailored to specific needs. Additionally, BOIVA provides a Digital ID system for secure user registration and login, enhancing the overall user experience in the verification process.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in efficiently and securely verifying user identities during onboarding and ongoing transactions, leading to potential fraud and compliance issues. Traditional verification methods can be time-consuming, costly, and may not provide sufficient assurance against sophisticated identity theft.
Solution
Boiva offers a suite of verification APIs and a Digital ID system designed to streamline user authentication and mitigate fraud. The platform connects to a wide range of data sources, enabling businesses to tailor verification processes to their specific needs. Boiva's solutions include identity verification using national databases, phone number verification with geolocation, bank account validation, liveness detection via selfie analysis, and OCR for bank statements. The Digital ID system allows users to register once and use their Boiva ID for secure login across multiple platforms.
Target Audience
Boiva targets businesses across various sectors, including banking, financial services, fintech, e-commerce, and insurance, that require robust and efficient user verification processes to enhance security, comply with regulations, and improve user onboarding.
Features
- **Identity Verification API:** Matches user-provided data against national identity databases using OCR technology, accepting input in text and photo formats.
- **Phone Number Verification API:** Checks the activity status and ownership of phone numbers using geolocation.
- **Bank Account Verification API:** Validates account ownership to prevent transaction errors.
- **Liveness Detection API:** Employs biometric technology to verify user identity through selfie photo analysis.
- **OCR for Bank Statements:** Converts bank statement photos into text for financial analysis.
- **Digital ID:** Provides a unique authentication system for users, enabling easy registration and login across integrated platforms.
- **Transaction Data API:** Accesses and categorizes user transaction history from connected bank accounts.
- **Income Data API:** Summarizes user income and expenses for efficient financial management.