Checkout.com, a global payment solutions provider, has launched its AI-led ID verification solution. The solution leverages artificial intelligence and is capable of identifying and verifying identities from across the globe, making it ideal for fintechs, rental and hiring companies, gaming platforms, and government organizations.
Facts
- Checkout.com has launched an AI-led ID verification solution to improve customer onboarding and the ID verification process.
- The solution is trained on billions of identity and facial recognition documents from 195 countries.
- It can identify “nearly every citizen in the world” and has already spotted over one million fraudulent identities and verified over 10 million identities during the beta phase.
- Users can verify their identity from any part of the world with an internet connection, eliminating the need for human interaction.
- The solution enables businesses to onboard customers within two minutes, with 70% of identities verified in less than 20 seconds.
- Identities that cannot be verified by the AI system undergo a human review by experts trained in ID document security features and facial assessment.
- Checkout.com’s Chief Product Officer, Meron Colbeci, emphasizes the importance of instant identity verification in the digital economy and highlights that legacy systems are not suitable for long-term growth.
