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Fully-Verified.com, a new video identity verification solution, offers innovative identity verification system for resolving e-KYC issues. The company enables businesses and other organizations to verify their customers’ identity details through video conversations with verification specialists.Fully-Verified promises to eliminate the need for slow and unreliable KYC verifications required by growing pressure from legislators, especially the EU. With rising online fraud rates in addition to identity theft, Fully-Verified aims to eliminate as much as 90% of identity fraud.
According to various online reports the amount of losses from account fraud and takeover was around $5 billion. It is estimated that this will go up to $8 billion this year. Moreover, last year, people around the world lost an estimated $16 billion from identity theft.
“Fully-Verified is on a mission to offer banking level of identity verifications in less than 7 minutes,” said the CEO. Fully-Verified will conduct a secure video conversation with clients; and ask them to show their verification documents during the conversation. According to the company, the verification process will take place in 4 steps.
Firstly, users will fill a registration form in the client’s website with their personal details like they would normally do. Next, the details are passed on to Fully-Verified.com through their API. The customers are redirected to Fully-Verified website where they begin their video identity verification process. Then, a verification specialist will verify customers identity and personal details. Customers will show their documents on video. Lastly, the verification details will be passed on to the client website, where, if the customer details are verified, he/she will be able to make a purchase.
Fully-Verified claims that this service will solve most issues in terms of compliance with changing e-kyc and AML regulations. The company further said that this process will be fast, secure, and convenient.
About the company:
Fully-Verified.com is a video identity verification company that makes e-KYC easier for businesses through verifying identity details live, on video, with verification specialists.
Contact Info:
Name: Chris Brown
Email: Send Email
Organization: Fully-Verified
Address: 24 Academy Street, London
Website: https://fully-verified.com/
Release ID: 313808
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