In today’s digital world, financial institutions need fast and reliable ways to onboard customers. However, traditional identity verification processes can be slow, creating frustration for customers and potential delays for your business. That’s where Cleared.id comes in. Our solutions are designed to make customer verification simple, secure, and compliant with regulations like Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.

Let’s explore how Cleared.id’s identity verification solutions can help financial institutions like yours streamline the onboarding process while ensuring that every customer is verified accurately and securely.

The Challenges of Traditional Onboarding

Verifying a new customer’s identity usually involves checking several documents, confirming details, and meeting strict regulations. This process can be time-consuming, especially if done manually, leading to:

Delays in onboarding: Lengthy wait times can cause customers to abandon the process.
High operational costs: Manual verification takes up valuable time and resources.
Compliance risks: Meeting regulatory requirements is crucial but complex.

How Cleared.id Can Help

At Cleared.id, we provide a digital-first solution for identity verification. Our platform helps financial institutions verify their customers quickly and accurately, reducing the time it takes to complete the onboarding process. Here’s how:

Instant Document Verification

Customers upload their identification documents, and Cleared.id’s system verifies them in real-time. This saves your staff from having to check documents manually, speeding up the process.

Biometric Authentication

With biometric verification, such as facial recognition, Cleared.id adds an extra layer of security to ensure the person submitting the document is the true owner. This helps prevent identity fraud and makes the process seamless for the customer.

Regulatory Compliance

Our solutions are designed to help financial institutions stay compliant with KYC and AML regulations. Cleared.id’s platform can track and store all relevant data securely, making compliance audits much easier.

Why Faster, Compliant Identity Verification Matters

Quick and secure onboarding is key to keeping customers happy and ensuring your business stays competitive. With Cleared.id, financial institutions can reduce drop-off rates and build trust by ensuring customer identities are verified accurately the first time.

Studies show that slow onboarding can cause up to 40% of customers to abandon the process, leading to lost business opportunities. With Cleared.id’s solutions, you can speed up onboarding while meeting all your compliance requirements.

Get Started with Cleared.id

At Cleared.id, we make identity verification simple and secure. Whether you're looking to improve your onboarding process or ensure compliance with evolving regulations, our solutions are here to help.

For more information, visit our identity verification solutions page or contact us today to learn more.

Streamline Your Customer Onboarding with Cleared.id’s KYC Solutions