The AriadNext automation processor facilitates customer verification processes by validating identity documents and automatically populating entity records in FintechOS applications with text extracted from document scans or photos. Customers can validate their identity by taking a picture of their ID card or uploading an existing one from their device.
All document scans that AriadNext handles are processed and transferred under strict, GDPR compliant, safety policies. Data from AriadNext can be deleted manually from the AriadNext account.
In addition, an applicant's identity is easily verified through the following options:
- Using the document liveness process where they are required to move the document in certain directions in order to ensure that the provided identity document is not a copy or a fake.
- Using the biometric liveness process where an action is required, such as moving the head to the right, in order to be validated as a real person. Along with this, the customer is compared to the photo from the provided identity document.
The identity data is then captured, examined, and validated based on the automation processor's settings. Once the scanning process is complete, the customer's record populates with their personal information. The files resulted from the verification process (ID validation photo, document and biometric liveness recordings) can be downloaded and saved to the applicant's instance if needed.
AriadNext is ADR compliant and it follows the rules and regulations set in place by the Authority for the Digitization of Romania (ADR). These are meant to better facilitate video identity verification processes.
This solution benefits banking and insurance scenarios such as digital onboarding, Know Your Customer (KYC) processes, identity verification processes, and much more.
- The ID validation process prevents identity fraud with document verification and facial biometrics.
- Data extracted from documents no longer needs to be added manually.
- Speeds up Know Your Customer (KYC) processes.
- ID cards and documents are captured and checked in real-time without any manual intervention. When this process is required, the manual validation can be added to comply with local legislation.
AriadNext can be implemented to simplify paper-driven financial or insurance processes, such as:
- Customer onboarding
- Account opening
- Loan applications
- Compliance related processes
- Claims handling
- Mortgage processing