Treefort Technologies offers a digital identity verification service that utilizes multi-factor authentication, biometric analysis, and data aggregation from reputable sources to accurately confirm client identities. This solution addresses the increasing risk of identity fraud and compliance challenges faced by legal professionals by providing a streamlined, secure process that meets Know Your Client (KYC) and Anti-Money Laundering (AML) regulations.
Funding
Funding not disclosed
Founders
Product
Problem
Legal professionals face increasing risks of identity fraud and struggle to meet Know Your Client (KYC) and Anti-Money Laundering (AML) regulatory compliance requirements. Traditional identity verification methods often rely on basic ID checks and are vulnerable to sophisticated fraud techniques, including deepfakes and digitally injected IDs. This leaves firms exposed to financial losses, reputational damage, and regulatory penalties.
Solution
Treefort Technologies provides a robust digital identity verification (IDV) solution designed to accurately and securely confirm client identities for legal professionals. The platform employs multi-factor authentication (MFA), biometric analysis, and data aggregation from reputable sources to go beyond basic ID checks. Treefort's comprehensive process detects digital injection and spoofing, ensuring a true verification of a client's identity, whether in person or virtual. The system streamlines compliance with KYC and AML regulations, providing a secure ecosystem for verifying identities and mitigating fraud risks.
Target Audience
Treefort's primary customers are legal professionals, including lawyers, notaries, and paralegals, who require a reliable and compliant solution for verifying client identities to meet regulatory obligations and mitigate fraud risks.
Features
- Multi-factor authentication combining ID verification, mobile analysis, and bank account analysis
- Robust ID verification to detect digital injection and spoofing
- Integration with reputable data sources for identity authentication
- Secure ecosystem for Canadian Title Insurance companies to access reports
- Compliance with KYC and AML requirements, exceeding Law Society and FINTRAC regulations
- SOC 2 certification ensuring data privacy and security through encryption
- Customer support available Monday-Friday, 9 AM
- 9 PM EST in English and French
- Reporting includes an indicator of identity assurance