Address Verification Tools for Individuals and Businesses
Helping any business deal with address verification quickly and easily. We use an innovative verification system that ensures business scalability, battles fraud, as well as reduces cases of undelivered mail.
If you are interested in address verification tools, get a consultation at Identance.
Verify the Client in Real Time With Postal Address Verification
Postal address verification is an essential part of most KYC procedures. And run-of-the-mill verification solutions will usually parse effortlessly through local addresses that use a pre-defined template in the language of the business’ native geolocation. However, when it comes to international addresses, the process is a little trickier, as it requires the system algorithms to recognize multiple different data formats and languages.
With Identance, you can rest assured to get efficient local and international address verification. Our vast database of document templates, together with high-precision scanners and readers, ensures a quick and accurate verification process. The algorithm is able to recognize a wide variety of languages, symbols, and document prototypes. This allows for seamless international onboarding and considerably increases the customer base for businesses.
Improve Customers’ Engagement With Email Address Verification
We provide another essential feature — email address verification. Email verification is crucial in avoiding spam accounts in the business’ contact book. Moreover, correct email addresses allow you to better engage with your customers and avoid hard bounces on your promotions and marketing campaigns.
At Identance, we verify email addresses both in real-time and through batch cleaning processes. We do this by validating the combination of domains and usernames. Powerful APIs ensure that only real email addresses are collected. All in all, the email verification process allows businesses to conduct relevant marketing campaigns and collect pertinent analytics with genuine customer emails.
Advanced Address Verification Service With Clear Algorithm
Different businesses use different approaches to their KYC process, depending on their customer data usage. Often, a mixed bag of different methods including biometrics and official documents are necessary to provide relevant and compliant data.
Identance has proven to be able to streamline this seemingly complicated process. Here’s a detailed overview of how we do it.
User Submits Required Documents
Depending on the purpose of the verification, users can submit a wide range of different documents to prove their address. These may include recent documents (2-3 months old) such as electric bills, payment checks, bank statements, etc.
The Tool Extracts Main Data
In this next step, our algorithm proceeds to recognize the data from the submitted documents, extract it, and translate it into usable information. More importantly, the algorithm recognizes advanced formatting, including different languages and symbols, as well as holograms.
The Software Checks Documents’ Validity
Going further, the software proceeds to check whether documents present any kind of modification or sign of fraud. Document tampering will immediately produce red flags with the algorithm and lead to rejection.
The Algorithm Accesses Global Database
Next, the algorithm accesses the global database of document templates to be able to standardize the received data. This allows complete compliance with KYC regulation, regardless of the provenance of the documents or the residence of the customers.
The System Verifies Provided Data
Finally, the system cross-references the obtained data with the database and the information provided by the user. This last step ensures that the data is compliant and that the user’s identity and address correspond to the submitted information.
Address Validation Becomes Easier Than It Looks
Tax evasion, fraud, money laundering are common issues for many businesses nowadays. They can be avoided with the implementation of a verification procedure called Know Your Customer (KYC), part of which is address verification.
However, extracting this data manually from every customer can be an incredibly tedious process. It’s subject to human error, which can lead to bad addresses and flawed mail delivery.
That is why we are focusing on developing address verification software that ensures the automation of the process and the accuracy of provided personal information. Among other features, our software has the following characteristics:
- Works with any type of device;
- Flexibility and transformability;
- Implementation under white-label contracts;
- The possibility of customization and alteration;
- KYC and AML compliance.
The identance team will help you easily integrate our address verification service that can start working within minutes.
Need More Information to Get Started?
Our team is here to answer all your questions and help you choose the right option. Contact us to get pricing and book a demo version. Let’s get in touch!
