It’s not everyday that you read about an identity verification company successfully bridging the gap for the world’s unbanked populations. This success story is about IDMERIT, a global identity verification leader, which has successfully leveraged a secure database to tap into over 440 official sources across 175+ nations. By streamlining KYC and AML compliance, this leader in fintech services ensures that identity is an easy bridge to economic opportunity rather than a barrier, empowering 5 billion people worldwide.
As an identity verification leader, IDMERIT is revolutionizing global financial services by empowering institutions to onboard marginalized users with 99% accuracy. Now, that’s a huge figure with astounding accuracy when you’re talking about 5 billion people on the planet who receive access to the formal economy with just a tap.
IDMERIT’s Robust SAAS Architecture of Global Inclusion
Financial invisibility is often the sole outcome of lack of recognized data. In emerging markets, traditional credit scores remain nonexistent, leaving millions locked out of the formal economy. IDMERIT address this gap by digitizing the ‘trust’ layer of banking with its SAAS infrastructure. This means, a street vendor in Lagos or a farmer in rural Brazil, are easily able to verify their identity via a mobile device.
As a leader in fintech services, the company utilizes more than 580 ID types to ensure that even non-traditional documentation can serve as a successful gateway to credit. IDMERT’s secure database validates existence in real-time, satisfying strict KYC (Know Your Customer) and AML (Anti-Money Laundering) mandates. This level of technical rigor is what makes IDMERIT an identity verification leader in a crowded regulatory market.
How Does IDMERIT Solve the Inclusion Crisis?
The primary hurdle for global financial services is the ‘challenging’ data environment of the Global South. IDMERIT navigates this by establishing direct partnerships with government registries, utility provides, and telco networks in 180 countries. This localized approach allows banks to bypass the high-friction ‘face-to-face’ verification that historically excluded remote populations.
Global Coverage:
IDMERIT’s SAAS provides access to secure records for over 5 billion individuals and ensures high match rates.
Biometrics:
IDMERIT’s facial recognition and liveness detection software prevent synthetic identity fraud.
Industry-leading Compliance:
With real-time screening against global sanctions list, IDMERIT’s solutions keep financial institutions safe.
Without a verified digital footprint, any individual on the planet is effectively invisible to the modern economy. IDMERT’s robust SAAS architecture serves as a vital means for the modern economy. By acting as an identity verification leader, IDMERIT allows financial services to scale into 175+ nations with confidence. IDMERIT’s role as a leader in fintech services ensure that geography is no longer a barrier to one’s financial dignity.
