How it Works
Select the best digital identity verification method to balance UX & risk
Select the best identity verification method and add new authentication methods as they come to market
Access multiple verification methods through a single hub
- Auditable & Enforceable
Capture a complete audit trail of the transaction
- Single Company
Reap the benefits of a single API integration, SLA, and vendor
Acquire More Customers
Onboard more customers with online identity verification
Today’s consumer demands a fully digital experience – available online and on mobile.
The ability to verify a user’s identity online without the need for in-person Identity verification speeds up customer acquisition, reduces customer abandonment, and drives growth.
Enable low-friction customer acquisition with digital identity verification.
What customers are saying about OneSpan Verification Hub
From a customer onboarding perspective, we are now able to take the customer through a consistent journey. We know that they're getting the information that they need to see and that they're passing through compliance and KYC processes. I think the customer experience is much, much improved to what it was with our paper-based system.
COO, MotoNovo Finance
Digitize Account Openings
Transform account opening with digital identity verification
Financial institutions need to offer fully digital account opening processes to meet customer expectations, achieve digital channel growth, and remain competitive.
The ability to verify a customer’s identity digitally while mitigating fraud risks, such as identity theft and account takeover is fundamental to achieving this goal.
Learn how to digitize and protect the account opening process with digital identity verification, biometric verification, e-signatures, and fraud detection.
State of Digital Account Opening Transformation
This 28-page report compiles survey responses from banking and security leaders representing more than 100 financial institutions. Download now to get the latest data to help inform your organization’s decisions on digital account opening transformation.
Leverage AI & Biometric Verification
Reduce friction with identity document verification and facial comparison
ID document verification and facial comparison enable a customer’s identity to be authenticated in real-time.
ID verification uses artificial intelligence (AI), machine learning and authenticity algorithms to analyze a image of an ID document. This produces an authenticity score to determine if the driver’s license is fraudulent or genuine.
Capture a selfie and leverage advanced algorithms to determine whether a remote user is genuine
The ability to prove that a user is genuine and physically present during remote account opening is a critical component in the fight against application fraud.
Facial comparison extracts biometric data from a selfie and compares that data against the applicant's authenticated ID document to validate whether they are who they claim to be.
Fight Identity Fraud
Detect fraudulent identity documents in real time
Given the scale and impact of fraud, it is vital that financial institutions detect application fraud during account opening. To stay ahead, financial institutions need identity verification and fraud detection solutions that use machine learning to determine the appropriate level of security to:
- Protect the user
- Protect the device and session
- Ensure fraud prevention across all digital channels
- Provide flexible and secure authentication journeys
Our customers use OneSpan Identity Verification for...
Financial Agreement Automation
A leading lender in the UK used car finance market, MotoNovo Finance uses Verification Hub to digitally identify online applicants. Digital identity verification and KYC checks have enabled MotoNovo to grow rapidly while helping prevent application fraud.
- 40% of new business automated
- Reduced fraud with real-time KYC checks
- Increased growth to achieve £150M of new business per month
Automotive Finance Agreements
Investec is an international specialist banking group. To strengthen compliance and improve their auto finance experience, Investec implemented a fully digital application process with digital identity verification and e-signatures.
- 25% of financial agreements automated
- Made the customer contract process more convenient and efficient
- Capture a complete audit trail
Remote Account Openings
Digital identity verification is a key step in the remote account opening process as it enables FIs to verify that an applicant’s identity is genuine and that the application is not fraudulent.
- Aite provides an expert analysis of the top trends, challenges, and technologies to deliver a customer-centric, mobile-first account opening experience