Verification authentication protection
VeriME is a Blockchain-based Verification-as-a-Service that facilitates easy and fast user authentication for merchants.
KYC manual process is slow and outdated which increases friction between service providers and customers. Such identity verification methods have led to an increase in interest rates down subscribers, providers of costing services earn lots of potential revenue.
There is a cost to maintain a system wholly dedicated to performing KYC. Such systems and databases require large amounts of resources to ensure every new customer or client you have on board is authentic and verified.
The nature of your identification submitted when verifying both online and offline is always vulnerable to identity theft. If the personal information you provide goes into the hands of cyber criminals, it can be manipulated and used for their malicious intent.
The task of proving identity to any organization that demands that KYC check is boring as well as boring. Customers find it very uncomfortable to carry the same document, along with their photocopies, wherever the service provider asks for it.
OUR SOLUTION - D-KYC
To address all of the above mentioned issues, we have developed D-KYC, a digital identity verification platform that meets the needs of anyone and everyone's verification. It performs the KYC process remotely and is completely online without requiring customers to meet, fill out forms and send documents. Providing customers with the best onboarding functionality in the classroom, VeriME offers a completed identity verification service in seconds. Advantages?
No need for face-to-face interaction No form or archiving of required documents Data protection through encryption
No KYC third-party dependency in seconds! Cost Effective.
Current payment authentication methods such as factor 2 / factor authentication are vulnerable to many security threats such as Man-in-the-middle (MitM) or Man-in-the-Browser (MitB) attacks, which fail to protect sellers and buyers.
The current payment authentication method involves many players. For example Secure 3D authentication offered for Credit / Debit Card Payments involves Issuing Bank, Obtaining Bank, Payment Scheme, ACS (Access Control Server) and provider of MPI (Merchant Plug In) etc. thus making the solution quite expensive for merchants.
The authentication method now depends heavily on sending the security code via SMS. This SMS may not be sent due to a network error, or the phone number will no longer work. Such a scenario poses a serious problem for customers because they can not complete their purchase in time.
2 factor / 3 authentication factors involve transferring customers to a new page or sometimes showing errors related to page validity. This issue causes customers to lower their purchases thereby increasing the basket's waiver rate.
OUR SOLUTION - D-SECURE
Helping merchants & partners achieve seamless and secure authentication, VeriME offers a D-Secure service that enables VeriME user authentication in seconds to minimize subscriber drop-off rates. This solution will not only authenticate customers, but will also provide full counter-chargeback / dispute protection to VeriME partners and their Merchants. Advantages?
Decentralized system for payment authenticationHuge timeless book protects all transactions.Authentication in milliseconds.
100% Refund Protection! Cost Effective Incentives For Each Transaction Created.
We are on a mission to Digitize the KYC and Authentication process, increase transparency with Blockchain, provide access anytime anywhere through personal mobile devices and minimize time and cost for partners while maximizing customer experience. Our vision is to become a leading unified decentralized VaaS platform in the Blockchain room and beyond.
The identity verification process has remained unchanged for the last 40 years. With VeriME, we bring about change by introducing an easy way to identity verification and digital identity authentication that's easy, fast and secure.
Making Process Simpler and Safer
With VeriME, you can complete the verification and authentication process from the comfort of your home. There is no excessive document to make copies, no documents to be sent or skipped.
Giving Consumers Peace of Mind
With VeriME, you do not have to worry about your personal data falling into the wrong hands. All copies of your personal data or documents will be stored in an encrypted format and will never be shared with any third parties, not even with us.
Achieving the Highest Authentication Level
VeriME uses combined knowledge of Machine Learning, Blockchain, Cloud Computing and Artificial Intelligence to give you the most accurate verification, greater than the accuracy achieved with traditional human methods.
USE OF PROCEEDS
AUGUST 2016: Conceptualize decentralized digital identity check
FEBRUARY 2017: Launch VeriME D-KYC in Vietnam with 3 Partners
NOVEMBER 2017 - MARCH 2018: ICO
AUGUST 2018: Vietnam: VeriME D-KYC 2.0 & D-SECURE Launch (50 Partners 150k Customers)
DECEMBER 2018: Singapore & Malaysia Launch (100+ Partners, 800k Customers)
AUGUST 2019: 10 APAC countries, 1k + Partners, 4M Customers
AUGUST 2021: 20+ Countries, 3k + partners, 80M Customers
AUGUST 2023: 100+ countries, 10K + partners, 250M Customers
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