Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company has announced that Veriff, the global leader in identity verification, reinforces its IT infrastructure with AWS. Doing so will keep it ahead of increasingly sophisticated to prevent identity fraud attacks and ensure swift, safe digital services for everyone – from people applying for a loan to commuters in need of a ride.
Veriff’s 2023 Identity Fraud Report revealed a 17.9% increase in fraudulent attacks during 2022. Bad actors and fraudsters are adopting emerging technologies including generative AI, as they attempt to steal identities, launder money and access customer accounts. Staying ahead of these threats requires Veriff to train and deploy its identity verification technology models faster, without compromising security.
Veriff is expanding its use of the AWS platform. Amazon EC2 instances with the NVIDIA GPU provide the compute power that Veriff requires to build its solutions. Today, Veriff’s technology can validate more than 11,000 government-issued IDs in over 230 countries and territories, and in 48 languages.
The smooth functioning of the digital economy depends on trust. This requires businesses to rapidly and accurately verify their customers’ asserted identity, without compromising the user experience. From fintech and financial services to gaming operators and marketplace platforms, today’s innovative businesses need confidence that people wanting to access their services are who they say they are. Veriff’s market leading solutions enable organizations to verify users’ identity as well as estimate their age in seconds. It removes friction from the enrollment process, mitigates fraud, supports regulatory compliance and maintains trust.
The partnership with AWS enables Veriff to accelerate the development of new identity verification solutions for sectors such as financial services, mobility, gaming and others using the most secure cloud environment available today. More people will be able to securely access the services they need, when they need them, whether they’re sharing a ride or hiring a scooter in a city center or applying for a loan. In this way, Veriff’s machine learning models provide consumers with more choice and support social inclusion.
“Veriff is continuing to be the identity verification partner for some of the world’s biggest brands, and prevent identity fraud attacks” said Jaanus Kivistik, CTO of Veriff. “A rapidly evolving digital world inevitably leads to more sophisticated forms of identity fraud that threaten the smooth running of the digital economy and communities online. Partnering with AWS, we can help businesses stay ahead of these threats, keep the internet a safer place, and ensure people can access the services they need.”
“Security is a top priority for AWS and we are proud to play in part in Veriff’s role as a cornerstone of the global digital economy through its innovative use of machine learning and computer vision,” said Marielle Lindgren, Director AWS EMEA North. “AWS’ suite of advanced products and services offer a great opportunity to leverage these and other emerging technologies at even greater scale, resulting in high level security benefits for businesses and their customers.”
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 99 Availability Zones within 31 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Canada, Israel, Malaysia, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon.
About Veriff
Veriff is the preferred identity verification partner for the world’s biggest and best digital companies, including pioneers in fintech, crypto, gaming and the mobility sectors. We provide advanced technology, deep insights and expertise from our foundation in digital-first Estonia and honed over decades in leading the digital identity revolution.The partner of choice for businesses who need to rapidly and effortlessly verify online users from anywhere in the world, Veriff delivers the widest possible identity document coverage. By supporting government issued IDs from more than 230 countries and territories and with our intelligent decision engine which analyzes thousands of technological and behavioral variables Veriff enables trust from the first hello.
With more than 500 people from 60 different nationalities and offices in the United States, United Kingdom, Spain, and Estonia, as well as robust backing and funding from investors including Accel, Alkeon, IVP, Tiger Capital and Y Combinator, we’re dedicated to helping businesses and individuals build a safer and more secure world.
Source: Amazon Web Services
