Online Identity verification for lending

Approve more loans, faster, with Mobile Verify®

Automobile Auto Loans

Implement real-time fraud controls and accept a larger volume of car loans when you streamline the application process. Our identity verification technology helps lenders offer a great digital experience, so you can book more loans, faster.

Lending Identity Verification - Consumer Loans

Consumer Lending

Reduce lending fraud and provide the best consumer experience with our top-of-the-line technology. Digital identity verification can make alternative lending and peer-to-peer lending processes faster and more secure.

Banking Identity Verification - Customers Growth Instant Financing

Boost conversions and enable instant customer financing while controlling credit risk. We can help you correctly verify the identity of consumers who apply for credit while also helping them to meet their expectations of a fast loan experience. 

 Find out more about our digital ID verification solutions

Why digital ID verification solutions are integral to lending

In today’s digital economy, you need the right combination of online identity verification methods to increase top-line revenue and improve margins, reduce fraud losses, and comply with regulations. Digital lending experiences run the risk of losing acquisitions at the point of identity verification. When customers are asked to mail or fax copies of their identity documents and supporting documents, they tend to abandon the process altogether.

Automated ID document verification and biometric face comparison technologies will help enable:

  • Easy user onboarding
  • Achieve KYC/AML compliance
  • Reduce risk of fraud
  • Increase topline revenue
  • True end-to-end digital loan application experience

Read the Aplazame case study to learn how this instant financing service used identity verification to boost conversions

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Industry Stats

$8B

Digital lender originations in the UK in 2017

2-6 Weeks
Traditional lending onboarding time 
1-10 Minutes
Digital lending process time

 Speak with a digital lending expert, now

References

“European Digital Lenders: How operating efficiency is helping digital lenders attack at $150 billion annual origination market across the Eurozone in 2018.” Autonomous Next, October 2018.