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Electronic Verification of Identity and Funds Checks

A powerful suite of bank-grade electronic verification tools to authenticate your clients, including identity and document checks, and source of funds.

illustration of miniature man looking at himself in the height of a smart phone with a thumbs up and an ID card, plus coins and a magnifying glass

Client identity verification checks are an essential part of the due diligence process for law firms. Typically, firms have relied on physical documents and in-person meetings which can delay the client onboarding process and transaction times. Validating ID, documents, and source of funds can be a burden on your firm. We believe it should be easier. It’s why we’ve developed our Verification of Identity (VOI) and Verification of Funds (VOF) solutions, providing a powerful suite of technology that delivers bank-grade electronic ID confirmation.

Completing an identity check is faster and more secure than ever with electronic ID verification. Built into our eCOS onboarding workspace, there’s no need for you or your clients to download and access separate applications. Everything you need to verify the identity of your clients, their documents, and source of funds is accessible within a single platform, powered by the latest global biometric identification technology.

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What is Verification of Identity (VOI)?

Using biometric technology powered by Jumio, your clients can verify their identity from anywhere in the world. All that is required is a valid form of ID and a suitable device. Each authentication references the ID to determine whether it is genuine or fraudulent and covers over 3,500 document types in more than 200 countries. Results are trusted by brands including HSBC, Metro Bank, Monzo, Barclays, TSB, Nationwide and more.

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Enhanced digital ID verification with VOI+
Our VOI+ solution provides you with greater assurance your client is who they say they are, by providing additional layers of information when completing an ID check. When using VOI+ you gain access to:
Biometric facial recognition
Using NFC chip documents, biometric data is read to verify an ID using an electronically held image to complete a facial recognition match to the ID.
NFC data extraction
The eCOS app verifies the document, such as a passport, is not counterfeit by scanning the RFID-chipped document using NFC technology.
Liveness check
A liveness check is completed to match the document photo with the person presenting the information to ensure they are a real person.
Two address verifications
VOI+ lets you collect two address documents from your client to connect the individual with the confirmed matched ID to the property.
Alerts and warnings
Keep up to date with sanctions changes to better protect your business from high-risk individuals and the fines working with them attracts.
Safe Harbour-compliant
Using VOI+ via the eCOS app can provide assurance that you are Safe Harbour compliant by meeting all of HMLR’s Gold Standard requirements.
two bank cards, one white and one gold, lying on top of a computer keyboard

What is Verification of Funds (VOF)?

A digital tool that captures real-time data from your client’s bank accounts to verify the source of funds, VOF is seamless and mobile-optimised. Empowering your clients to access their bank accounts within their secure eCOS client onboarding workspace, data captured is sent back to your case without the use of email or uploaded PDFs. Fully encrypted with access to the largest bank and neobanks in Europe, InfoTrack is an FCA accredited Agent of Truelayer.

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Benefits of using VOI and VOF

  • A completely electronic ID check and source of funds authentication.
  • Fulfilling your compliance obligations with improved practices and data sources.
  • Protecting your client by using ID validation technology that helps in preventing fraudulent and criminal activity.
  • Providing real-time bank account and transactional data.
  • Reducing the risk of errors that lead to insurance claims.
  • Reducing risk for all parties in any transaction including lenders, clients, and agents.
  • VOI and VOF are available as part of eCOS, your electronic client onboarding solution, or as an independent solution.

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