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DirectID extends its ID verification service across three continents

Tuesday 24 May 2016 07:48 CET | News

DirectID has announced that its customer identity verification and underwriting service is being used by seven new lenders across three continents.

DirectID’s certified bank verification and transaction data feeds enable these lenders to make more accurate underwriting decisions reduce fraud and meet compliance requirements.

DirectID identity verification time averages 24 seconds for the applicant, speeding up a traditionally off-line verification process that can take up to three to five days. The service also makes available up to 365-days of read-only certified bank statement transaction data.

According to the company, almost 75% of consumers working with the new lenders, choose online bank verification with DirectID rather than visit a branch or upload bank statements. The new direct customers announced in 2016, are located in UK, Australia and US.

DirectID provides on one-time customer verifications with a frictionless user experience that can be embedded directly into a business’s existing process. Its services are used by global retail banks, wealth management platforms and online lenders across five continents.


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Keywords: digital identity, security, online, banking, transactions , fraud, DirectID
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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