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VeriME launches D-KYC digital identity verification product

VeriME’s D-KYC service is “Digital Identification”. D-KYC implements the KYC remotely and completely online process without requiring customers to meet, fill out forms and submit documents.

Mr. Sanjeev Kumar — CEO of VeriME (left) and Mr. Nguyen Duc Dung — Business Director of Ngan Luong Joint Stock Company signed a strategic cooperation agreement during the launching of VeriME

On 7/9/2018, VeriME — a pioneer in Service Verification (VaaS) officially launched D-KYC (Digital Identity Verification) on blockchain Ethereum.

VeriME is a digital intermediary verification service that enables VeriME service partners to validate and / or validate a potential customer verified and approved by VeriME.

The verification process can be performed by the customer anytime, anywhere in 3 minutes on the customer’s mobile device thanks to intelligent application using artificial intelligence technology, computer vision and cloud computing. VeriME enhances the transparency and accuracy of transactions and improves user experience, while saving time and money for KYC processes and customer authentication.

VeriME is based on the Blockchain-based, decentralized model. Certified customer profiles are stored on their mobile device, ensuring privacy and eliminating the risk of data leakage.

After testing and product development, VeriME has officially launched and provided the following two solutions:

One is D-KYC: KYC (Customer Identification), a process that allows businesses and organizations to identify and verify their customer identity. This process is particularly important in the financial services industry to ensure that clients are properly on file to avoid potential litigation and to take legal responsibility for future violations of law.

VeriME’s D-KYC service is “Digital Identification”. D-KYC implements the KYC remotely and completely online process without requiring customers to meet, fill out forms and submit documents. D-KYC uses biometric technologies to automatically determine the physical appearance of customers and compare them with authentic materials without having to meet face-to-face, thus maximizing convenience and Minimizes costs for customers and service providers.

The other two are D-SECURE: Payment Authentication refers to a secure online or offline method that identifies a user or buyer through two factor authentication or three factor authentication. This includes identifying and validating the user.

D-SECURE is an authentication payment fraud management solution provided by VeriME to partners, which prevents any leakage of customer data, significantly saves costs and enhances the experience. of the user. Instead of having to enter OTP authentication as traditional, D-Secure helps customers quickly confirm transactions with the click of a button on the VeriME application.

VeriME’s D-KYC and D-SECURE solutions are designed to ensure that VeriME Partners comply with local data protection laws and the Data Protection Act.

VeriME believes that D-KYC and D-SECURE solutions combined with Blockchain and Machine learning solutions can really bring real value to the financial ecosystem.

Also during the launch of the product, VeriME has signed a Strategic Partnership agreement with NFC, MPOS, Weshop, FastGo and EGate payment partners in providing digital identity verification services based on The Blockchain platform, which simplifies the authentication process, makes this process more seamless and secure with VeriME authentication solutions.