DOCUMENTS NEEDED FOR VERIFICATION
To get verified you will need to provide a current, physical, genuine Government-issued ID. Acceptable forms of ID include:
Valid Driving License
Government Issued ID Card
*Party must have physical possession of the identification document. KYC approval will be rejected if a physical ID that you actually have in your possession is not provided during the verification process. Please do not post pictures of pictures, screenshots, etc.
Our verification process supports over 10,000 government-issued IDs from 190 countries. Our global reach allows us to verify project owners from all corners of the world, which is paramount with the crypto space being such a diverse global market.
Our system scans the identity documents and performs the following checks:
MRZ # Data Extraction
Registered document database check
Expiration date check
With over 10,000 government documents in our database, our verification system can verify documents nearly anywhere in the world. The AI-powered technology used is able to detect whether a government-issued identity document has certain correct features that could detect a counterfeit or altered document.
For example, the following are some of the more prominent parts of IDs that we analyze to catch fakes:
Portrait photo inconsistencies
The AI relies on Machine Learning model that detects and matches the presented document in the session with the specimen in our database. When a document is fake or tampered with, the session is declined.
SYNTHETIC FRAUD PREVENTION
Our identification system uses a multi-prong solution to prevent synthetic fraud. It uses device and network fingerprinting, which allows for behavioral analytics to be applied to catch fraud.
Also, crosslinking takes behavioral analytics further. The system groups verification sessions together and points out risk factors based on user behavior that may seem abnormal and provides that data to our clients. Crosslinking analyzes the person, network, and more.
Additionally, velocity abuse prevents the same person, device, or document (depending on the configuration of the decision engine) from opening multiple accounts, which is common in financial services.
DEEPER DATA EXTRACTION
Standard Compliance Data (5 points)
First name, last name, DOB, Expiration date, Document #
Assure Data Collected (10 points)
First name, last name, DOB, Expiration date, Document #, Issue Date, Personal #, Gender, Nationality, Address
FRAUD PREVENTION USING NETWORK AND DEVICE ANALYTICS
As a fraud prevention measure,the platform analyzes the device and network used for a verification session and assigns each a fingerprint. Along with hundreds of other parameters, including personal data on the ID, the data is then cross-checked with PEP and sanctions lists, past behavior, and other inconsistencies before a decision is made with respect to approval.
MANUAL ID REVIEW CHECKS
Though the automated system we have implemented is robust by itself, the KYC by Assure process also includes a manual review by our team to provide a further layer of validation.
Biometric information is extracted from photos and non-disruptive background video to confirm that a user is who they say they are. Assure takes live video data & uses facial recognition technology integrated into the AI-powered software to provide a deeper level of verification than is standard in the industry.
Through various tests, we can determine if a session or user is real. These checks involve analyzing photos and video and are conducted behind the scenes. This is a strong means of preventing fraud tactics like deepfakes which become prevalent in the crypto space.
PEP AND SANCTIONS CHECKS
During every verification, Politically Exposed Persons (PEP) checks are undertaken, which screen multiple government databases to identify individuals entrusted with a prominent public function. Every individual will also undergo Sanctions checks, making it possible for us to run user data through government sanction databases to see if there are any matches.