SimpliFi, a Cards as a Service (CaaS) platform for Middle East and North Africa (MENA) and Pakistan, has entered into a partnership with Veriff, a global Identification Verification Provider to protect SimpliFi customers from identity fraud within their instant card issuance programs; this was featured in a blogpost by Veriff. With this partnership, Veriff adds an extra layer of safety and security to SimpliFi’s digital card issuance platform.
With this partnership, the security measures are tighter, as customers can utilize Veriff’s identity verification technology to quickly and easily verify the identity of cardholders for their card issuance programs on the SimpliFi platform, to help meet their know your customer (KYC) requirements, to ensure users are not subjected to fraud. Veriff’s AI-powered identity verification solution uses a combination of document, photo, and video verification to confirm the identity of users across a number of markets, including SimpliFi’s target markets.
According to Janer Gorohhov, co-founder of Veriff “With accelerated global digitalization, online identity fraud is on the rise, especially in the fintech industry where fraudsters attempt to take the identity of another person to make financial gains. At Veriff, we are committed to mitigating these fraud risks and re-establishing trust online, and are thrilled to be partnering with SimpliFi to provide a reliable and secure identity verification service as their customer base continues to expand.”
Ali Sattar, founder and CEO of SimpliFi, also confirmed that “Not only does Veriff provide a reliable and cost-effective identity verification solution that meets our needs, but they also understand the unique challenges of a young, B2B start-up with plans to expand regionally,” “All of these factors combined have given us great trust in partnering with them and we are looking forward to working together to help meet our client’s unique identity verification needs.”
The aim of this identity verification is the protection of SimpliFi’s customers from identity fraud which has become prevalent in today’s world.