Your loan applicant is ready to borrow. They've filled out the application, provided their information, and now they're waiting, and waiting, and waiting some more.

Meanwhile, your back office is drowning in manual KYC checks, calling references, verifying employment, checking IDs, screening for sanctions where necessary, while days are passing. The applicant gets frustrated. They start shopping around, and by the time you approve them, they've already borrowed from another company that uses Cleared™ to speed up their due diligence process.

You just lost that customer because your verification process was too slow.

The Traditional KYC Nightmare

Let's be honest about what loan onboarding looks like at most lenders:

Applicant submits information
Staff manually reviews documents
Someone calls the employer to verify employment
Someone calls references
ID documents get checked (maybe)
Sanctions screening happens (hopefully, where necessary)
All of this gets compiled into a file or folder
Finally, someone makes an approval decision

If you're lucky, this takes 3-5 business days. If you're not lucky, or if it's a Friday afternoon, it takes two weeks. You may ask, so what's wrong with 3-5 days? Think speed, and think efficiency. If you can cut down that time and free up operational resources, you can do more of what you really should be doing: lending money.

Generally speaking though, in today's market, where eeryone is digital and wants things fast, it's simply unacceptable. Your competitors are offering same-day approvals (with no compromise, because we take due diligence seriously) while you're still waiting for someone to return your verification call.

Verification Links: the Easiest Way to start Using Cleared™

Let's say you don't have the time and resources to integrate a new due diligence platform. We have an easy way for you to get going, with no code: Verification Links.

You send your applicant a single link via email or SMS, or you add it to your application form. They click it, and it takes them through a simple flow where they take a quick selfie and upload their government ID. In real time, the system verifies their identity, matches their face to their ID, checks them against sanctions lists, and returns the results to you.

That part of the process takes minutes, not days. And it happens without your staff touching anything.

Next, if references and employment history are required, those can be configured in the verification link, and the customer is simply asked to upload additional documents that are checked for fraud in real time, and that's followed by a streamlined verification process that we're built to scale.

That's the power of one-click verification.

Use Case: Loan Approval in Minutes

Let's walk through a real scenario. A small business owner in Portmore applies for a $500,000 working capital loan. Under your old process, this would trigger days of back-and-forth verification.

With verification links, here's what happens instead:

9:00 AM - Applicant starts a loan application through your website

9:02 AM - They access a verification link on the website

9:02 AM - They click the link, snap a selfie, upload their driver's licence and required documents

9:03 AM - Identity verified, face matched to ID, sanctions screening complete, results in your dashboard

10:30 AM - Additional verification gets delivered to the dashboard, and your loan officer reviews the application with verified identity already confirmed, then approves the loan

10:30 AM - Applicant receives approval notification

From application to approval in less than two hours. That's the speed your customers want, and that's the speed that wins business.

More Benefits: Fraud Prevention and Faster Disbursements

Speed is great, but it's meaningless if you're approving fraudulent applications. The biggest benefit of our verification processes is that they actually return fraud-proof results and reduce security risk, while decreasing turnaround time.

Every verification captures:

Biometric face scan
Government ID verification
Live presence detection (no photos of photos)
Sanctions and PEP screening
Complete audit trail
Verified employment history and proof of income
Verified references
Verified address with GPS
Verified assets with GPS, satellite, tagged images and demonstration videos

You're not just moving faster. You're making better, more secure decisions. Fraudsters can't use stolen IDs when they have to provide a live face match and when we check the documents against Government databases. Identity thieves can't bypass biometric checks.

When you're confident in your verification, you can disburse loans faster. That means happier customers, better cash flow for your borrowers, and more competitive positioning for your institution.

The Microfinance Sector in Jamaica and the Caribbean

Microfinance lenders in the region are particularly well-positioned to benefit from this technology. Your customers are often unbanked or underbanked, applying for smaller loans with urgent needs. They can't afford to wait a week for approval.

The lender who can approve a loan in hours while maintaining strong fraud controls is going to dominate the markets. Cleared™ makes that possible without requiring any tech investments or additional staff.

Stop Losing Customers to Slow Verification

Every day your verification process takes is a day your applicant might go elsewhere. In a competitive lending market, speed matters just as much as rates, and maybe more.

The technology exists to verify identities in minutes while preventing fraud. The question is whether you're going to adopt it before your competitors do.

Cleared™ provides one-click verification links that let loan applicants verify their identity in minutes—no manual work, no delays, no fraud. Send a link, get verified results, approve loans faster.