The Wisconsin-based Merydyan will be integrating Acuant’s identity verification technology into its own PRYME software platform. PRYME was built to help companies with their digital transformations, enabling paperless workflows through enhanced web and cloud capabilities.
Acuant’s technology will be used for access control, and will also make it easier for PRYME users to comply with the latest Know Your Customer and Anti-Money Laundering requirements. To that end, Acuant’s solution uses face and document recognition to compare a selfie to the image on a photo ID, with iBeta PAD Level 2-compliant liveness detection to make sure that the person taking that selfie is indeed the person depicted on that ID.
The Acuant API cross-references identity information with more than 30 independent data sources for additional security. Merydyan, meanwhile, believes that PRYME will be particularly useful to customers in the high-risk gaming industry.
“Acuant understands our needs for secure automation, with the ability to scale,” said Merydyan COO and Client Development VP Debra Chase-Mosley. “With this partnership, any commercial or tribal gaming entity can utilize PRYME with Acuant to conduct instant watchlist searching for terrorists [and] money launderers for AML, KYC [and] fraud protection purposes.”
Merydyan is not the only company that has adopt Acuant’s identity verification technology in the past few months. TRAXX, Screenlyy, and InfoComply are some of the other organizations that have turned to Acuant for digital onboarding and authentication.