Microblink Launches AI Cloud-Based Identity Verification Solution

microblink-launches-ai-cloud-based-identity-verification-solution
Microblink Launches AI Cloud-Based Identity Verification Solution

Microblink, a company specializing in enterprise identity verification solutions, has launched a new product to make things much easier for its partners. It’s a cloud-based, AI-powered “all-in-one” identity verification platform specifically designed for financial services and fintech initiatives.

In recent years, multiple fintech services have emerged as an alternative to traditional banking. Launching such services presents certain challenges, including regulatory requirements and customer identity verification. Although the rules for fintechs are laxer than for traditional banking institutions, they are still under the scrutiny of regulators. After all, the security of many users’ money is at stake.

Microblink’s AI cloud-based identity platform is a comprehensive all-in-one solution

Because of this, fintech startups spend many resources integrating and maintaining multiple third-party tech services. To make things easier, Microblink has launched a cloud-based AI verification platform where companies can find a host of key utilities all in one place.

Microblink’s new platform has two main goals. First, it seeks to facilitate regulatory compliance while reducing operating costs for companies. The platform simplifies compliance with requirements such as Know Your Customer (KYC) and Anti-Money Laundering (AML). It also seeks to facilitate identity detection and identify potential fraud signals in real time—including deepfake identification.

Microblink’s solution also offers other tools to optimize companies’ processes. There’s a workflow builder adaptable to each sector. The tool offers base workflow templates that a company can customize according to their needs. The generated workflows also support drag-and-drop functionality for more intuitive use.

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In addition, the solution provides real-time reports on the performance of the verification process. Transaction-level analysis shows how efficiently identity verification is being managed.

Customers trust us for the fastest, most accurate ID document capture and global verification available today. Our frameless user interface sets the industry standard for speed and ease of use, providing the most seamless user experience. Powered by our in-house machine learning team and proprietary algorithms, our fully automated verification delivers exceptional performance,” said Hartley Thompson, President and COO at Microblink.

Microblink’s new AI identity verification cloud-based platform is now available for business.