Valify provides digital identity infrastructure solutions, including eKYC, eKYB, and biometric authentication, to streamline customer and business onboarding for financial institutions and e-commerce platforms. By automating identity verification and compliance processes, Valify enhances security and accelerates operational efficiency, reducing the risk of fraud and regulatory penalties.
Funding
$1M 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
Financial institutions and e-commerce platforms face challenges in efficiently and securely verifying the identities of customers and businesses during onboarding. Traditional KYC and KYB processes are often manual, slow, and prone to errors, leading to increased operational costs and potential fraud risks. Ensuring compliance with evolving regulatory requirements adds further complexity to the identity verification process.
Solution
Valify provides a suite of digital identity infrastructure solutions designed to streamline and automate customer and business onboarding. Their offerings include electronic Know Your Customer (eKYC), electronic Know Your Business (eKYB), biometric authentication, and digital contract services. By leveraging technologies like Optical Character Recognition (OCR) and integrating with national registries, Valify enables businesses to rapidly verify identities, extract information from documents, and ensure compliance with Anti-Money Laundering (AML) regulations. The platform offers flexible deployment options, including on-premises, private cloud, or secure servers, and supports seamless integration with existing systems via API or SDK.
Target Audience
Valify primarily serves financial institutions, e-commerce platforms, and other businesses that require robust and efficient digital identity verification solutions for customer and business onboarding.
Features
- eKYC solutions for streamlined customer onboarding and identity verification
- eKYB solutions for efficient business onboarding, including OCR-based data extraction from Tax IDs and Commercial Registers
- Biometric authentication for enhanced security during identity verification processes
- Sanction screening to identify sanctioned parties and comply with regulatory requirements
- Digital contracts for secure and efficient contract management
- OTP generation and National ID transliteration as supporting services
- "Root of Trust" for Egyptian National ID verification through the National Registry
- Flexible deployment options: on-premises, private cloud, or secure servers
- API and SDK integration for seamless integration with existing systems
- Arabic language expertise for accurate document verification and template filling