HIVE iD provides a real-time identity verification solution for residential real estate, utilizing multi-point ID checks and biometric selfie matching to ensure applicant authenticity. The platform conducts over 30 checks on IDs globally, achieving a verification accuracy rate exceeding 99%, thereby mitigating the risk of fraud for property teams.
Funding
Funding not disclosed
Founders
Product
Problem
Residential real estate companies face challenges in verifying the identities of prospective tenants, leading to potential fraud and security risks. Traditional methods are often slow, manual, and prone to errors, making it difficult to accurately assess applicant authenticity.
Solution
HIVE iD offers a real-time identity verification solution tailored for the residential real estate sector. The platform employs multi-point ID checks and biometric selfie matching to ensure applicant authenticity. By conducting over 30 checks on IDs globally, HIVE iD achieves a high verification accuracy rate, significantly reducing the risk of fraud for property teams. The system provides real-time notifications to both property managers and applicants, confirming the verification status instantly.
Target Audience
The primary target audience includes residential real estate property teams seeking to streamline identity verification and mitigate fraud risks associated with tenant applications.
Features
- Multi-point ID verification using front and back images of the applicant's ID.
- Biometric selfie matching to validate the applicant's biometrics against the uploaded ID in real time.
- Real-time verification notifications for both property managers and applicants.
- Advanced Encryption Standards (AES) and Multi-Factor Authentication (MFA) for data protection.
- Over 99% accuracy rate through comprehensive checks, including database validation, expiration check, barcode matching, and microprint examination.
- Customizable integrations to fit existing systems, with support for non-integrated options.