Verif-y provides AI-driven identity and credentialing solutions that enable organizations to validate identities and backgrounds efficiently while minimizing fraud through advanced facial recognition technology. Their platform enhances compliance and security by allowing secure, auditable exchanges of credentials, streamlining onboarding processes for businesses and individuals.
Funding
$5.7M 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.
BFDHEFXAFounders
Product
Problem
Organizations face challenges in efficiently validating identities and credentials, leading to potential fraud, security vulnerabilities, and compliance issues. Traditional methods can be slow, costly, and lack the necessary accuracy for today's digital landscape.
Solution
Verif-y offers an AI-powered platform for identity verification, background checks, and credentialing, enabling organizations to streamline onboarding processes and enhance security. The platform uses advanced AI and machine learning to validate identities against global IDs and existing credentials, minimizing fraud and spoofing attacks. It also provides a secure environment for exchanging and validating credentials, simplifying their use for various purposes such as candidate filtering, higher education applications, and licensing. By leveraging multiple levels of encryption and user-controlled access rights, Verif-y improves privacy compliance while helping organizations transition data ownership to their users.
Target Audience
Verif-y targets enterprises and organizations that require robust identity verification, background checks, and credentialing solutions for employees, customers, or other stakeholders.
Features
- AI-driven identity verification using facial recognition technology
- Seamless scanning and validation of global IDs
- Selfie and liveness detection for added authentication and fraud prevention
- Secure platform for exchanging and validating credentials
- Compliance services for seamless and cost-effective user onboarding
- Multi-level encryption and user-controlled access to Personally Identifiable Information (PII)