Provides AI-powered video-based identity verification that authenticates over 3,000 government-issued IDs and documents across 195 countries. This solution reduces fraud, accelerates KYC compliance, and improves conversion rates by up to 30% compared to traditional photo-based methods, combining automated checks with real-time human oversight.
Funding
$1B raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional identity verification methods often rely on static images, which are susceptible to fraud and can lead to lower conversion rates due to cumbersome user experiences. These methods struggle to detect sophisticated counterfeiting techniques, including deep fakes, and may not meet stringent regulatory compliance requirements.
Solution
Checkout.com's Identity Verification solution employs AI-powered video analysis to authenticate government-issued IDs and documents from over 195 countries. By using video streams, the system can detect movement, holographic elements, and other indicators of authenticity, providing a more secure and reliable verification process. Liveness checks and facial matching further ensure the user's identity, while AI-driven prompts guide users through the process in real-time, boosting conversion rates. The platform combines automated checks with human review options and AML screening to reduce fraud, streamline KYC compliance, and improve the overall user experience.
Target Audience
The primary target audience includes businesses in e-commerce, fintech, gaming, crypto, and other industries that require robust identity verification for fraud prevention, regulatory compliance (KYC/AML), and improved user onboarding.
Features
- AI-powered video analysis to detect counterfeiting and deep fakes
- Liveness detection and facial matching for enhanced security
- Support for 3,000+ government-issued IDs and documents across 195 countries
- Configurable user flows with branding elements and 15+ user-language options
- Real-time user guidance and feedback to maximize conversion rates
- Automated and human review options for flexible verification processes
- AML screening and monitoring through partnership with ComplyAdvantage
- Global API for developer-friendly integration