VeriDas compliance index

Overview of Veridas
Veridas is a global leader in developing digital verification and biometric authentication technologies that enable businesses to carry out secure processes remotely. Striking a balance between robust security and seamless user experience, Veridas provides solutions that include voice biometrics, facial recognition, document verification, and digital signatures.

History of Veridas
Founded in 2017 as a joint venture between BBVA and das-Nano, Veridas has grown to become an industry-leading expert in digital identity verification. Recognizing the need for secure and convenient verification options in the digital space, the company set out to create technologies that respect privacy while enhancing security.

Typical Data Processed By Veridas
Veridas deals with a wide array of personally identifiable information (PII). This may include facial recognition data, voice biometric data, and personal data collected during document verification processes such as full names, identification numbers, addresses, nationalities, and more. All handled data is processed in accordance with user consent and relevant data protection regulations for the purpose of identity verification.

Where Veridas Operates
Headquartered in Spain, Veridas operates globally with customers spread across various continents. Veridas’ state-of-the-art solutions cater to a vast array of sectors including FinTech, Telecom, E-commerce, and Governments, making it a global player in the digital identification and verification market.

Key Features of Veridas' Technology
Veridas' technology stands out with several key features, notably their advanced biometric APIs, encompassing voice and facial recognition, paired with high-end document verification technologies. These features facilitate user onboarding, customer identity verification and safeguards against potential fraud. Veridas also provides SDKs for easy integration of their technology, both for web and mobile platforms. Even more, their solutions oblige to a strict security protocol, ensuring client data is protected and processed in line with highest standards.

Importance of Monitoring and Comparing Vendors like Veridas
In the constantly evolving world of data compliance and digital identity verification, monitoring and comparing vendors like Veridas becomes crucial. Different vendors may offer varying degrees of performance, cost-effectiveness, and compliance to data protection guidelines, and finding the right fit could drastically affect the security and efficiency of a business's operations. An in-depth understanding of each vendor helps ensure that the adopted technology is most suited to the business's specific needs, thus providing the best return on investment while maintaining high data compliance standards.