TEANECK, N.J., Oct. 18, 2018 /PRNewswire/ -- Veratad Technologies, LLC (veratad.com), an innovative and industry-leading provider of comprehensive online tools to better know your customers and comply with federal regulations, announced today the newest addition to their IDresponseSM suite of online identity verification and compliance solutions. IDMatch+PredictSM, a new fraud detection and prevention solution, will be added to Veratad's global suite of age and identity verification solutions to be showcased later this month at Money20/20 2018, in Las Vegas.
IDMatch+Predict leverages machine learning and special data elements to compare your customers' identity data and behavioral data to known fraudulent activity. IDMatch+Predict can examine thousands of data points during an online transaction to calculate a risk prediction based on custom rules set by their users.
"It is becoming increasingly more of a challenge to verify customer identity based on basic personal data alone, especially in a world where data breaches have become more common," said Tom Canfarotta, Veratad's Director of Strategic Accounts and Client Quality Services. "To address this challenge, Veratad is bringing an all-encompassing solution to market that will help organizations predict the integrity of a user and limit fraud with built-in escalations that help reduce manual review."
Veratad is positioned to be a premier global provider of identity verification and KYC solutions to the FinTech and Financial Services markets through its nimble approach in providing evolving verification technologies to an evolving online financial marketplace. This new IDMatch+Predict solution demonstrates Veratad's commitment to innovation and delivery of practical online identity verification and fraud prevention solutions to its users. Visit us at Money20/20 in Las Vegas at booth #1276.
Veratad Technologies, LLC is a world class provider of online/real-time Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual's age or identity.
Our verification solutions are designed to verify an individual's identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy.
Veratad is trusted by companies large and small and our customers include some of the world's most well-known corporations that use our solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.