KYC & KYB Automation
Extract data from identity documents and business records with 99%+ accuracy. Transform manual compliance workflows into automated, real-time verification systems.
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What Is It
KYC (Know Your Customer) – The Identity Verification
The process of verifying that a person is who they claim to be — before granting them access to financial services, accounts, or transactions.
Why it matters
– Prevents identity theft and fraud at the point of onboarding
– Required by law in banking, fintech, insurance, and healthcare
– Protects organizations from AML and sanctions violations
– Manual checks take 14–18 min per customer — automation cuts this to under 2 seconds
KYB (Know Your Business) – The Business Verification
The process of verifying that a business is real, legally registered, and not a shell for financial crime — before entering a commercial relationship.
Why it matters
– Exposes shell companies, money laundering, and ownership fraud
– Mandatory for banks, payment processors, and B2B lenders
– Uncovers beneficial ownership chains regulators require you to document
– Manual due diligence takes 6–14 days — automation brings it to under 3 hours
Automate it with Veryfi AI
Benefits
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Instant Processing
Sub-second response times for real-time verification flows
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Global Coverage
Support for 91+ currencies, 38+ languages, multiple regions
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AML Compliance
Built-in sanctions screening and risk assessment
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Enterprise Security
SOC 2 Type II certified with zero data retention options
Developer Friendly API
Document In, Data Out. It’s that Simple.
Production-Ready Pre-Trained AI Models
Multi-Modal API that goes beyond OCR to understand, extract, categorize, and enrich vendor information while detecting currency and taxes, plus much more.
SDKs & Code Samples in C#, Dart, Go, Java, JS, Kotlin, Node.js, PHP, Python, Ruby, Rust & Swift
Detailed API Docs + FAQs that make sense
Human support from experts at HQ in Silicon Valley
Identity Verification
Verify who your customers are — instantly. From passports to driver’s licenses to insurance cards, extract structured identity data in under 2 seconds.
Auto Insurance Cards OCR API
Automate insurance verification and eliminate manual data entry. Extract policy details, coverage information, and premium data to streamline claims processing and ensure regulatory compliance.
Credit Cards OCR API
Streamline payment onboarding and reduce checkout friction. Extract card numbers, expiration dates, and cardholder details to enable secure transaction processing and improve customer experience.
Driver's License OCR API
Transform identity verification from minutes to seconds. Extract names, addresses, and ID numbers across all 50 US states, federal IDs, and UK documents to accelerate KYC compliance and streamline customer onboarding.
Health Insurance Cards OCR API
Automate patient registration and verify coverage eligibility instantly. Extract insurance data to streamline medical billing, reduce claim processing errors, and ensure HIPAA compliance.
Indian Passport OCR API
Accelerate visa processing and automate immigration documentation. Extract biographical data to facilitate digital identity verification and ensure compliance with international travel regulations for embassies and immigration services.
Latam Passport OCR API
Unify multi-country identity verification across Latin America. Extract standardized travel data to streamline regional documentation, automate cross-border compliance, and enhance customer experience for international services.
US Passport OCR API
Streamline identity verification and automate customer onboarding. Extract personal and travel data to expedite document processing and enhance security compliance for financial institutions and government services.
V5C OCR API
Verify vehicle specifications and ownership history instantly. Extract registration details to help automotive dealerships, insurers, and fleet managers ensure DVLA compliance and streamline operations.
Vehicle Registration OCR API
Automate vehicle verification and streamline dealership operations. Extract ownership data, vehicle specifications, and legal status to verify insurance claims, facilitate fleet management, and ensure DMV compliance.
W2s OCR API
Seamlessly feed tax preparation software with instant document processing. Extract employer information, employee wages, tax withholdings, and year-end summaries to automate tax preparation workflows and ensure compliance accuracy.
Business Verification
Confirm a business is real, registered, and in good standing. Extract structured data from incorporation documents and compliance certificates in seconds.
Article of Incorporation LATAM OCR API
Accelerate multinational compliance across Mexico, Brazil, Argentina, Colombia, and Chile. Extract incorporation data to verify subsidiary formations, navigate complex regional structures, and streamline cross-border operations for legal firms and global enterprises.
Article of Incorporation OCR API
Verify corporate structures and ownership interests instantly. Extract incorporation data to analyze company details, track governance compliance, and streamline legal due diligence for businesses and legal professionals.
Certificate of Good Standing OCR API
Extract company names, entity numbers, registration dates, and compliance status from certificates of good standing with 99%+ accuracy. Automate entity verification and corporate compliance documentation for legal firms, financial institutions, and business registration workflows.
Settlement Letter OCR API
Capture payment obligations, case resolutions, and compliance deadlines instantly. Extract critical settlement data to help legal teams and insurers track commitments and ensure timely resolution.
Vendor Statement OCR API
Track outstanding balances and reconcile payment histories automatically. Extract vendor data to monitor supplier relationships, ensure compliance with payment terms, and streamline procurement workflows.
Financial Verification
Verify financial health and tax compliance. Extract transaction history, account data, and tax form details to power underwriting, FATCA compliance, and vendor onboarding.
Bank Checks OCR API
Extract data from bank checks, including routing and account numbers. Process check amounts, payee information, dates, and memo fields to automate payment processing, fraud detection, and financial reconciliation workflows.
Bank Statements OCR API
Accelerate loan underwriting and fraud detection. Extract transaction details, account balances, and financial patterns to automate credit decisions, reconcile accounts, and strengthen compliance reporting.
W-8BEN-E OCR API
Verify international tax withholding and ensure FATCA compliance. Extract entity information and tax identification numbers to automate international tax workflows and reduce compliance risks.
W9s OCR API
Automate HR workflows with intelligent form processing. Extract taxpayer identification, business information, and certification details to streamline vendor onboarding, contractor management, and tax reporting compliance.
Mobile Face ID Verification
Use Cases
Fintech & Banking
Digital onboarding flows that verify customer identities in real-time, reducing abandonment by 67%. Automated loan underwriting with instant document verification. Complete KYC compliance for account opening, wire transfers, and high-risk transactions across all regulatory frameworks including BSA and PATRIOT Act requirements.
Insurance
Automated policy verification through driver’s license and insurance card processing. Real-time claims processing with document authentication. Advanced fraud detection that identifies suspicious patterns and reduces false claims by 45% while accelerating legitimate claim approval times.
Real Estate
Instant tenant screening through automated ID verification and income documentation processing. Property transaction acceleration with mortgage document automation. Streamlined property management workflows that reduce tenant onboarding time from days to minutes while ensuring comprehensive background verification.
Healthcare
Accelerated patient registration with automatic insurance card processing. Streamlined appointment scheduling through instant identity verification. HIPAA-compliant workflows that protect patient data while reducing administrative overhead and improving care delivery efficiency across healthcare networks.
Legal & Compliance
Automated legal document processing for evidence collection and case preparation. Streamlined compliance workflows for regulatory filings and audit preparation. Enhanced due diligence processes that reduce legal discovery time by 80% while ensuring admissible digital evidence standards.
Government & Public Sector
Automated citizen identity verification for government services and benefit applications. Streamlined tax processing and license renewals through document automation. Enhanced public service delivery that reduces processing times by 75% while maintaining security and regulatory compliance standards.
Travel & Hospitality
Rapid traveler identity verification at border crossings and airport checkpoints. Automated hotel check-in processes with instant passport and ID processing. Enhanced travel document authentication that reduces processing time by 85% while improving security and customer experience for global travel operations.
Education & Credentialing
Automated diploma and certificate verification for academic institutions and employers. Streamlined student enrollment processes with instant identity verification. Enhanced credential authentication that reduces verification time from weeks to minutes while preventing academic fraud and ensuring qualification validity.Many More…
There is no limit to what industry or use case you can automate. Reach out to us [email protected] and say G’Day and we can brain storm best solutions with you.Global Bank-Grade Security & Compliance
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SOC 2 Type 2 Certified
Veryfi is SOC2 Type2 certified and compliant with GDPR, HIPAA, CCPA and ITAR standards.
Security & Compliance
FAQ
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How do I test this?
Click the “GET STARTED FOR FREE” in the header and then signup for a free 14 day trial. It’s that easy. No credit card required to trial the software for 14 days.
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Where are the API docs?
Go here https://docs.veryfi.com/
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Is there Fraud Detection?
Yes. We have built a special AI-powered model which scrutinizes each check submission using various signals and triggers to flag potential fraud.
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I want to talk to a person
No worries. You can email our support on [email protected] or contact our industry experts on [email protected] and they can guide you through all the available features.