Qoobis launches solution for digital verification of identity cards

Qoobis launches solution for digital verification of identity cards

Qoobiss has launched the first fully automated Know-Your-Customer (KYC) solution for identity cards in Romania, which allows companies to verify the identity of their customers in a much more efficient way, without the need for human intervention.

With the Qoobiss solution, companies can automatically verify customer credentials by using ID photos when a new online account is created. The software scans the document, extracts customer data, performs an instant verification of the user’s identity and validates the identity document, maintaining the complete confidentiality of the data.

The KYC mechanism created by Qoobiss is designed to be easily scalable for a large number of users, fast to implement and 100% online. Thus, the identity verification process offered by Qoobiss is automatic and built to maximize the integration process of new customers, with the help of the latest biometric technologies, powered by artificial intelligence. Qoobiss’ investment is 500,000 euros in the development of this technology.

“Our solution can be used by fintech companies, but also by other industries, such as blockchain, e-commerce or medical, because our team understands very well the specific problems of each type of company and the delicate balance between legal obligations and the need of users. have an improved experience of using digital identity verification solutions. Our goal is to offer a scalable solution for a large number of users and a very secure protocol “, explained Alexandru Rizea, Qoobiss CTO, the startup for verifying digital identity.

The Anti Money Laundering (AML) / Know-Your-Customer (KYC) feature also helps reduce the number of frauds by quickly and accurately verifying customer identities. Fintech companies are thus helped by Qoobiss to automatically check the PEP (Politically Exposed Persons) and AML databases to validate customer compliance. In addition, the company’s API allows the use of the advanced electronic signature to validate any approvals converted to pdf and contracts between fintech companies and customers.