Veridas provides biometric identity verification solutions, including facial recognition and voice authentication, to enhance security and streamline customer onboarding processes. Their technology addresses identity fraud and improves user experience by achieving verification accuracy rates above 99.9% while maintaining conversion rates over 90%.
Funding
$21M 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
Online identity fraud is increasing, and traditional methods of identity verification often fail to provide sufficient security and a seamless user experience. This can lead to financial losses, regulatory penalties, and damage to brand reputation.
Solution
Veridas offers a comprehensive biometric identity verification platform that leverages facial recognition and voice authentication to enhance security and streamline customer onboarding. The platform combines ID document verification, biometric checks, and liveness detection to ensure that individuals are who they claim to be. By automating processes and improving efficiency, Veridas helps businesses reduce costs while maintaining high conversion rates and preventing fraud. The platform's modular design allows for customization to meet specific business needs and regulatory requirements across various industries.
Target Audience
Veridas serves a wide range of industries, including financial services, insurance, telcos & utilities, iGaming, casinos & betting shops, stadiums & events, sport clubs & fitness centers, and public security.
Features
- ID Verification Platform: Combines document verification, biometric checks, and liveness detection for robust identity assurance.
- Document Verification: Automatically validates government-issued IDs, such as passports and driver's licenses.
- Biometric Check: Employs facial and voice recognition to match an individual's biometrics with their recorded data.
- Liveness Detection: Differentiates between live individuals and spoofing attempts using pre-recorded or synthetic media.
- Deduplication Shield: Identifies duplicate identities within systems to prevent fraud.
- Face Authentication: Compares a live face scan to stored biometric data for secure identity verification.
- Voice Authentication: Uses unique voice characteristics to confirm user identity.
- Facial Access Platform: Provides facial authentication for seamless and secure access to physical locations.
- Compliant with industry standards such as ISO 27001, ISO 9001, SOC2 Type II, SOC3, ENS (Esquema Nacional de Seguridad
- Spain), ETSI TS 119 461, ETSI EN 319 401, UKDIATF, GDPR, CCPA, and Mexico/Colombia personal data protection regulations.