Question: I'm looking for a way to simplify identity verification while maintaining bank-grade security, do you know of any platforms that can help?

If you're looking for a service that can help you cut identity verification hassles while keeping your bank's security, Prove is a good option. Prove is a digital identity verification and authentication service used by more than 1,000 companies around the world. It includes services like Prove Pre-Fill, which cuts fraud and friction by auto-completing application forms, and Prove Identity, which uses phones to verify consumers' identities. The service automates identity verification with real-time phone identity token management and uses encryption and machine learning technology to provide a secure experience for users.

Another service that's got a lot to offer is Veriff, which uses AI in conjunction with human verification teams to try to deliver a frictionless customer experience. It supports more than 11,500 government-issued IDs from more than 230 countries and offers identity and document verification, proof of address, and fraud prevention. Veriff is certified for major regulatory requirements and offers fast decision making (98% automated, 6-second decisions) and high conversion rates, making it a good fit for financial services and iGaming.

Onfido is another strong contender, offering AI-powered verification to automate customer onboarding and ensure global KYC and AML compliance. Its Smart Capture SDK and Global Verification Suite verify documents and biometrics, and Onfido Studio lets you orchestrate codeless verification journeys. That makes Onfido a good fit for companies that want to get customers up and running quickly while minimizing identity fraud risk.

If you're looking for a service that's scalable and secure, Sumsub offers a suite of tools for verifying users, businesses and transactions. It uses machine learning algorithms to detect anomalies and can be integrated with existing systems through a variety of APIs and SDKs. With a flexible pricing model and a claimed 240% return on investment, Sumsub is a good fit for companies looking for an identity verification service that's all in one place.