Avalon Biometrics Solutions

VeriDoc Bank - Automated Document Verification Solution for Banks

Automated Document Verification Solution for Banks

VeriDoc is a market leading, most modern and sophisticated software solution that automatically verifies the security features in travel documents such as passports, Visas and ID-Cards and any other identity documents to assure the authenticity of the provided document. VeriDoc adresses the challenges to automate and improve travel & identity document verification with or without RFID chip and whether the document is ICAO compliant or not. Numerous verifications are performed automatically and in parallel for every scanned document, thus eliminating the human error factor and providing reliable results.

The increasing demand for identity verification due to the involved costs of identity fraud, brought VeriDoc from the Border Control area now also to the public sector. VeriDoc for Banks, delivers the security for Banks they need in their every day processes and guarantees a more extensive due diligence and record keeping according to the international guidelines of the Financial Action Task Force on Money Laundering (©FATF/OECD) and the Anti Money Launederig Laws in place.

Key Features

Adherence to compliance obligations

VeriDoc enables Financial Institutes to adhere to compliance obligations laid out by the Financial Action Task Force on Money Laundering (©FATF/OECD) on customer identification and record keeping of identification data.

The Responsibility to verify the integrity of a presented passport is clearly formulated in Chapter B, Par. “Due Diligence” under recommendation 5a.

Avoidance of Sanctions

VeriDoc offers the prove that Customer Due Diligence and Record-Keeping have been executed by employing best available practice.

Avoidance of Financial Losses

VeriDoc detects and shows immediately if data on the document at hand has been altered, which is reason enough not to enter into any business relation.

Minimizing Reputational Risk

Non Compliance to FATF/OECD Recommendations may lead to exposed reputational risk.

Document Verification

VeriDoc offers a complete Fully Automated Document Verification for any travel & iddocument, under all given light sources (Visual,
UV, IR, Coaxial) including:

• Full RFID support & WSQ encoding
• Data Integrity between VIZ (OCR) vs. MRZ vs. RFID vs. Barcode
• Biometric Integrity (Photo from Datapage vs. Photo from Chip) and optional Photo from Chip vs. external DB
• Advanced Security Feature & Pattern

Matching with various actions & settings

• Color Range Matching
• All common 1D & 2D Barcodes
• UV Dull Paper Checks, IR B900 ink Check, Photo Replacement, etc.
• Digital Watermark / IPI (optional)

RFID Chip Support

VeriDoc manages certificates and has interfaces to PKI or LDAP directories and supports naturally:

• Passive Authentication (PA)
• Active Authentication (AA)
• Basic Access Control (BAC)
• Extended Access Control (EAC)

Travel & ID Document Repository

• Full Document Repository with up to 1600 travel & ID documents, periodically updated with new documents

Report System for Banks

• Specifically designed for Banks to fullfill their record keeping and due diligence process, as described in Recommendation 10. (©FATF/OECD) customized for the bank

Forensic Reference System

• An optional forensic reference system gives further information and details to support the decision making process

Supervisor Functionality

• Every Transaction can be forwarded to a supervisor to take further actions and deeper investigations with exception handling & Alert Management

Felixible Licensing

• One-Off License for unlimited usage
• Subscription on a 6 or 12 month basis
• Click Charge License on a pay per use basis, which will be centrally collected and billed every month.