The identification, extraction and analysis of personal identity documents is a manual, and costly process for any business to manage.
Whether it is onboarding a new customer as part of operations or onboarding a new employee as part of HR processes, verifying users’ personal documents is an essential element of these processes.
The human nature of these processes incurs a substantial cost, furthermore, due to inherent human behaviours and tendencies thereby not guaranteeing error-free fast processing. This has a significant impact on the bottom line in terms of missed potential revenue and risking customer retention.
Market trends suggest that customers are now demanding and expecting faster time-to-market, and a better customised experience.
In highly regulated markets and industries, being accurate and fast is not optional but a necessity with many industries mandating expensive fines if regulations and governance are not upheld.
Our solution aims to tackle these problems by automating the ID Analysis and Compliance processes.