Verify user's identity thoroughly with confidence score!
Risk Insights offers a comprehensive analysis of the confidence level regarding an individual's identity by giving a confidence score out of 99 on the user’s inputs (email and phone number), and as confidence level analyses detailed and high-value insights, making it indispensable for identity verification processes by also providing any related emails, phone numbers, and social profiles. This process can be run multiple times without any restrictions. Our identity graph encompasses both digital and terrestrial ecosystems, offering linkages between how individuals represent themselves professionally and personally.
How Risk Insights Will Help Your Business
Risk Insights can significantly enhance a business's operations and risk management strategies. Here's how:
- Enhanced Fraud Prevention: Risk Insights helps businesses detect and prevent fraudulent activities by providing a confidence score based on email and phone number verifications. This tool assesses the authenticity of the information provided by individuals, flagging inconsistencies and anomalies that could indicate fraudulent intent. This early detection enables companies to act swiftly to mitigate potential risks, protecting both their operations and their customers.
- Improved Compliance with Regulations: For industries governed by stringent regulatory requirements, particularly in finance and healthcare, Risk Insights ensures that businesses remain compliant. It verifies identity details against established databases, ensuring that all client interactions comply with legal standards such as KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, thereby avoiding potential legal penalties.
- Enhanced Customer Experience: Risk Insights reduces customers' onboarding time by streamlining the identity verification process. This efficient process not only improves the user experience but also builds trust, as customers appreciate a secure environment that respects and protects their personal information.
- Data-Driven Decision Making: Risk Insights provides detailed insights into an individual’s identity through linkages shown in the identity graph. This data enables businesses to understand customer behaviors and patterns more comprehensively, aiding in better decision-making regarding credit offerings, marketing strategies, and more personalized services.
- Resource Optimization: Risk Insights' ability to provide detailed reports on names, social profiles, and additional identifiers helps businesses allocate resources more effectively. By automating and accurately handling aspects of identity verification, companies can reduce the need for manual checks and reallocate those resources to other critical areas of business operations, thereby increasing overall efficiency and productivity.
Information Provided by Risk Insights
Verify Inputs delivers detailed data on various attributes associated with an individual’s identity:
- Name Details: Contains the First & Last name of the individual.
- Social Profiles: Contains the links to an individual’s LinkedIn & Twitter Profile.
- Employment Information: Contains the Name of the organization where the individual is currently employed along with Job Position or Title and whether the said employer is also the individual’s current employer.
- Email Details: Contains the dates of the First and Last observation of the email along with the Risk Score and count of observations.
- Phone Details: Contains information regarding Type of Phone (mobile, business, etc), the phone number, the dates of the First and Last Observation along with the Risk Score and count of observations.
Additional Identifiers
Up to five additional identifiers may be provided for each contact identifier processed through Verify Inputs (email addresses and phone numbers), enhancing the depth and breadth of the identity verification process. Any additional emails that do not match are listed in this table, and emails are available with MD5, SHA1, and SHA256 encryption to ensure users' safety and privacy.
Best Practice Recommendation
Authenticate® strongly recommends that organizations implement both Authoritative Database Checks and User Insights Verification as part of their security protocols. We also recommend that you run the Risk Score check again if the Personal Identifiable Information (PII) of the user has been updated to verify that the new information is trustworthy.
For further guidance, please refer to our attached Resources and API Documentation or Contact our support team for assistance.
Disclaimer: The data provided from this service may not be used as a factor in establishing a consumer's eligibility for credit, insurance, employment, or for any other purpose in the FCRA & you agree not to use this service for such a purpose or to take adverse action regarding any consumer application based on this service.