California-based Melissa and Israel-based Scanovate have partnered up to offer an enhanced remote identity verification solution.
Scanovate offers an automated onboarding system that uses facial recognition and document reading to match end users to their identity documents – an increasingly popular approach to remote onboarding and mobile authentication. Melissa, meanwhile offers a range of identity verification services revolving around things like address, email, and other contact information. And now, Melissa’s data quality and identity verification tools have been integrated into the Scanovate platform.
In a statement announcing the partnership, Melissa VP Bud Walker said his firm’s “identity management tools now extend beyond KYC efforts to verify data, and align nicely with Scanovate’s proprietary technologies for additional services such as passport scanning and validation.”
Scanovate CEO Izhar Arieli, meanwhile, emphasized the joint solution’s compliance with newly implemented privacy regulations, asserting, “Our joint venture with Melissa provides financial institutions with an intuitive and automated GDPR-compliant solution that spearheads the digital verification, identification, and authentication sphere.”
In addition to GDPR compliance, the companies also emphasized their joint solution’s adherence to Politically Exposed Persons, Office of Foreign Assets Control, Bank Secrecy Act, and AML regulations.