Every year, billions and billions of dollars are lost due to identity theft and fraud. Unfortunately, fraudsters are developing increasingly sophisticated methods for bypassing standard identity verification tools, and needs for identity verification only continue to expand. Companies rely on identity verification products for everything from powering telemedicine and handling account recovery to onboarding new employees and issuing vaccination records. So how do we really verify that users are who they say they are?
Estonian company Veriff is answering this critical call. The tech startup offers the world’s most advanced AI-powered identity verification platform, and is trusted by global companies like Wise, Blockchain.com, Uphold, GoUrban, and Turo. Veriff’s next-gen differentiators are its video-based technology, high rates of automation, and developer-friendly platform. So far, Veriff is only scratching the surface of the potential market opportunity, and we’re confident they will continue to grow and blaze a trail for a new era of security and legitimacy on the internet.