IdentityMind to offer Acuant’s identity and document verification services through its platform as part of new partnership.
Acuant AssureID leverages AI and human-assisted machine learning to identify thousands of documents in real-time to verify users. The company offers a multi-factor identity verification that extracts biometric and alphanumeric data on an identity document to authenticate it via over 50 forensic document-specific tests.
Working in real-time, the platform can eliminate manual screening errors, accelerate document inspections, and lower employee training and operating costs.
Acuant president and CEO Yossi Zekri said, “Acuant and IdentityMind share a common belief that identity is the new currency in today’s digital economy, and it must be protected.
“Our strength in identity proofing during the onboarding and account origination process is the perfect combination to IdentityMind’s ability to build a digital identity and continue to monitor its use through the lifetime of the user. This partnership enables trusted transactions helping companies to reduce fraud, comply with AML/KYC regulations and provide better customer experiences.”
Identity Mind is a digital identity and anti-fraud platform which helps teams meet compliance requirements and protect their customers.
The RegTech has made several partnerships over the past year. Most recently, it teamed up with crypto to fiat exchange platform BITPoint LataAm. The deal was completed to support BITPoint with its AML and KYC processes in Latin America.
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