Streamline KYC with accurate customer data matching

Accurate customer data matching through verifiable credentials accelerates the verification process. This reduces delays and drop-offs, ultimately improving conversion rates in your client’s acquisition funnel.

Data inaccuracies force 61% of businesses to rely on multiple KYC providers, with 12% using three or more. Businesses are often required to piece together disparate results from different IDVs to make sense of the data. By improving customer data matching with verifiable credentials, you’ll enhance accuracy, eliminate the need for fragmented data reconciliation, and move up in your clients’ KYC hierarchy, positioning yourself as their preferred provider.

For IDV providers with large client bases, verifiable credentials allow seamless onboarding across multiple clients, speeding up both onboarding and data matching. For IAM systems, verifiable credentials enable faster onboarding across siloed systems without the need for complex unification, streamlining operations and reducing friction.

Allow users to own their ID verification experience by storing and reusing their verifiable credentials to onboard with other services. Instead of businesses piecing together fragmented data from multiple providers, users take charge of verifying themselves. This shift places the user at the center of the IDV process, simplifying onboarding and improving accuracy.

Each IDV uses different data sources, data matching logic, and entity resolution techniques, leading to varying views of the identity being resolved. This leaves companies with inconsistent responses from multiple vendors, complicating how they store and make sense of that information. By using verifiable credentials, you create a consistent, trusted view of the user’s identity, simplifying data handling and decision-making across different systems and institutions.