A privacy-first customer onboarding and validation solution
FortifID is transforming the customer onboarding and validation process. Raw data stays put while algorithms travel to the data. Only the resulting insights are shared, verified and monetized between data provider and data consumer about a data subject.
BUILT FOR
Financial Institutions
Property Management
A solution for your customer application and identification program (CIP).
FortifID products are built to offer your customers a seamless omnichannel onboarding experience while ensuring your CIP modules (KYC, AML, CDD, EDD) are frictionless and in compliance with individual data protection and banking regulations.
Customer Application
A frictionless omnichannel onboarding experience increases conversion rates. FID-Apply is your partner in your digital transformation journey to an omnichannel strategy.
Regulatory Compliance
Data protection and CIP regulations generate onboarding friction and inflate costs. FID-Insights help reduce CAC and minimize fines in the event of data breach.
Use Case
Our products have applications in retail lending, small business lending, rental property management and beyond.
Privacy-first Platform
A new, transformative approach to data handling for your CIP.
- Accelerate your digital transformation journey to an omnichannel strategy.
- Reduce data handling and management costs and improve customer acquisition economics.
- Improve fraud protection
- Access insights from The FortifID Circle of Trust (CoT), a trusted data consortium for the highest level of data quality.
A large vendor footprint of data providers for verification and authentication leads to high operational expenses (data storage and management, technology, human capital, data cost) during customer acquisition. This inadvertently increases friction during customer onboarding.
FortifID APIs provide single-point access to a premier, trusted data network consortium from which institutions can select preferred data providers. The API is engineered for reliability and provides easy integration with interactive flows for ID authentication and permissioned data.
Simple
JSON-based REST API for KYC, AML, Fraud, VoI, VoE.
Secure
TLS Mutual Authentication.
Fast
Verify users within seconds.
Insightful
Get actionable insights, not large reports.
The data provider landscape is fragmented, incomplete and error-filled. This inadvertently leads to higher error rates and higher cost to verify. Permissioned real time data is at a premium and individual’s personal data rights is becoming a focus for both regulatory bodies and the consumer.
The FortifID ‘ION’ platform is a one stop shop for insights from an elite trusted network of non-permissioned and permissioned data sources, without exposing the raw data. The trusted data providers form the FortifID “Circle of Trust” (CoT). The CoT configuration means data stays safely behind the data provider’s firewalls, where our algorithms extract the answers you need and leave behind the data you don’t want, simplifying lending and compliance in a one-stop solution.
Data regulations today protect personal data including how the data is collected, stored, processed and destroyed. Individuals now have rights to: information, access, rectification, withdraw, consent, object, object to automated processing, be forgotten and data portability.
The FortifID platform will provide technical guarantees on regulation. The platform is designed to reduce the raw data footprint across a company’s ecosystem. Algorithms travel to the data providers, generate insights that are transferred back to data consuming institutions instead of raw data. This allows companies to verify a consumer in relation to a Data Subject Access Right (DSAR) request without pulling any additional personal raw data elements.
Reduce cost of acquisition
Improve conversion rates and onboarding costs and approve only pre-verified customers.
A large vendor footprint of data providers for verification & authentication leads to high operational expenses (data storage and management + technology + human capital + data cost) during customer acquisition.
This inadvertently also increases friction during new customer on-boarding. FortifID API’s provide a one-stop full-service access to a premier, trusted data network consortium where companies can choose data providers based on quality or preference. The API is engineered for reliability and provides easy integration with interactive flows for ID authentication and permissioned data.
Simple
JSON-based REST API for KYC, AML, Fraud, VoI, VoE.
Secure
TLS Mutual Authentication.
Fast
Verify users within seconds.
Insightful
Get actionable insights, not large reports.
Improve fraud protection
Access insights from a trusted data consortium “Circle of Trust (CoT)” for the highest level in data quality.
The data provider landscape is fragmented, incomplete and error-filled. This inadvertently leads to higher error rates and higher cost to verify. Permissioned real time data is at a premium and individual’s personal data rights is becoming a focus for both regulatory bodies and the consumer.
The FortifID ‘ION’ platform is a one stop shop for insights from an elite trusted network of non-permissioned and permissioned data sources, without exposing the raw data. The trusted data providers form the FortifID “Circle of Trust” (CoT). The CoT configuration means data stays safely behind the data provider’s firewalls, where our algorithms extract the answers you need and leave behind the data you don’t want, simplifying lending and compliance in a one-stop solution.
Reduce regulatory fines
The “ION” platform reduces the need to store raw data while provenance is recorded for audit purposes.
Data regulations today protect personal data including how the data is collected, stored, processed and destroyed. Individuals now have rights to: information, access, rectification, withdraw, consent, object, object to automated processing, be forgotten and data portability.
The FortifID platform will provide technical guarantees on regulation. The platform is designed to reduce the raw data footprint across a company’s ecosystem. Algorithms travel to the data providers, generate insights that are transferred back to data consuming institutions instead of raw data. This allows companies to verify a consumer in relation to a Data Subject Access Right (DSAR) request without pulling any additional personal raw data elements.
Be a part of the transformation with FortifID
A data solution that addresses the complexities of the real world.
