Veriff, a global AI-native identity verification company powering trust infrastructure online, announced the launch of its enhanced Proof of Address product. The fully automated solution validates users’ addresses and helps regulated businesses, particularly in financial services, meet Know Your Customer (KYC) and customer due diligence (CDD) obligations while reducing user friction, manual processes, and business risk.
With increasing regulatory pressure across financial services, gaming, and other compliance-sensitive sectors, the Veriff AI-based Proof of Address (PoA) solution makes it quick and efficient for organizations to accurately verify their users’ addresses using document-based or non-document-based address verification.
“As industries race toward digital transformation, proof of address checks often remain manual and slow, yet it’s an important step in building trust and meeting regulations,” explained Oana Barbacaru, Senior Product Manager at Veriff. “Our new AI-based solution delivers a decision in less than 30 seconds, with top-tier accuracy and built-in fraud prevention. It’s reliable, fast, reduces friction – built for the future of KYC,” she added.
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“Proof of address is a requirement for enabling certain features on our platform. Faster processing times improve the customer onboarding experience, allowing users to access key features sooner and increasing conversion to deeper product engagement,” said Adick Renner, Product Manager at VALR.
Verifying a user’s current residential address is a crucial step in the identity verification process, distinct from checking an identity document. Veriff’s Proof of Address links an individual to a specific geographical location, adding an important layer of assurance during identity verification.
SOURCE: GlobeNewswire