Identity Verification (IDV)
Answers 'Is this a real person and are they who they say they are?' using document scans, biometrics, and database checks.
Fraud Detection
Answers 'Is this user acting suspiciously?' by analyzing IP addresses, device intelligence, velocity, and behavioral patterns.
AML & Sanctions Screening
Answers 'Are we legally allowed to do business with this verified entity?' by checking against government watchlists and PEP databases.
The Flow
Modern onboarding architecture
1. Verify Identity
Extract accurate PII via document scans or national databases.
2. Assess Fraud Signals
Evaluate device intelligence, IP risk, and velocity rules.
3. Screen for AML/Sanctions
Check the verified identity against watchlists and PEP databases.
4. Consolidated Decision
Approve, reject, or flag for review based on unified rules, storing evidence for audits.
Platform
Where Verifex fits today
Verifex Core
Our flagship AML and compliance screening engine.
- Sanctions and Watchlist API
- Politically Exposed Persons (PEP) screening
- KYB and Entity matching
- Evidence Capsules and Audit Trails
Verifex Shield
Our module designed for fraud risk assessment and decisioning.
- Custom rule engine for onboarding risk
- Velocity tracking and aggregations
- Consolidated risk scoring
- Action routing (allow, block, review)
FAQ
Frequently Asked Questions
What is the difference between AML screening and fraud detection?
AML (Anti-Money Laundering) screening is a regulatory requirement focused on preventing business with known criminals, terrorists, or sanctioned entities. Fraud detection is a risk management practice focused on preventing financial loss from bad actors attempting to steal or deceive.
Can one API handle both AML and fraud?
Yes. By routing onboarding data through a unified decisioning engine, platforms can evaluate both regulatory compliance (AML) and behavioral risk (fraud) in a single workflow, producing a consolidated decision.
What is Verifex Shield?
Verifex Shield is our risk decisioning module designed for fraud risk assessment and rule-based evaluation. It works alongside Verifex Core (our AML screening engine) to provide a complete picture of user risk.
How does IDV fit into compliance workflows?
Identity Verification (IDV) is the prerequisite step. You must verify a user's true identity (name, DOB, nationality) before you can accurately screen them for AML purposes or assess their fraud risk.