{"id":31630,"date":"2022-04-01T00:00:07","date_gmt":"2022-04-01T00:00:07","guid":{"rendered":"https:\/\/veridas.com\/?p=31630"},"modified":"2025-01-08T10:15:02","modified_gmt":"2025-01-08T10:15:02","slug":"new-product-release-connection-with-peps-aml-improved-conversion-funnels-and-extended-document-coverage","status":"publish","type":"post","link":"https:\/\/veridas.com\/en\/new-product-release-connection-with-peps-aml-improved-conversion-funnels-and-extended-document-coverage\/","title":{"rendered":"New Product Release: connection with PEPs &#038; AML, improved conversion funnels and extended document coverage"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"31630\" class=\"elementor elementor-31630 elementor-31611\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b64c2a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b64c2a5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f88af2c\" data-id=\"f88af2c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c966cda elementor-widget elementor-widget-text-editor\" data-id=\"c966cda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 300;\">The end of the first quarter of 2022 brings a new product release from Veridas, as has been the company&#8217;s tradition since its origins. Through this new product update, Veridas reinforces its commitment to continuously improving its solutions and pursuing technological excellence. This commitment is part of our DNA: Talent, Work and Technology, the 3T that define us.<\/span><\/p><p><span style=\"font-weight: 300;\">This release will be effective this Friday, April 1st, in the sandbox environment that all our customers have enabled for testing. After a few weeks, and providing enough time for Veridas customers to test the solutions before incorporating them into their ongoing processes, these product enhancements will be uploaded to the production environment, specifically on April 24 in our AWS environment in the United States and on May 1 in Europe. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec3fb40 elementor-widget elementor-widget-video\" data-id=\"ec3fb40\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=_8u_GjhznI4&quot;,&quot;show_image_overlay&quot;:&quot;yes&quot;,&quot;image_overlay&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/veridas.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Preview-release-video.png&quot;,&quot;id&quot;:31668,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t\t\t<div class=\"elementor-custom-embed-image-overlay\" style=\"background-image: url(https:\/\/veridas.com\/wp-content\/uploads\/2022\/04\/Preview-release-video.png);\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35bd41c elementor-widget elementor-widget-spacer\" data-id=\"35bd41c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25e2ef3 elementor-widget elementor-widget-heading\" data-id=\"25e2ef3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A more global and accurate Digital Onboarding\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c52a64b elementor-widget elementor-widget-text-editor\" data-id=\"c52a64b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 300;\">This new product release has added more identity documents to <\/span><a href=\"https:\/\/veridas.com\/global-document-coverage\/\"><span style=\"font-weight: 300;\">our extensive catalogue of document coverage<\/span><\/a><span style=\"font-weight: 300;\"> serving 190 countries. Specifically, this release allows performing a document verification on the Mexican residence permit (FM3), the Mexican professional card, the Andorran residence permit (NRT) and the Peruvian residence permit.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">This extensive coverage allows our customers to operate globally with a single biometrics provider: Veridas. In addition, the fact that our solutions are 100% proprietary enables us to add new documents in a matter of days if a customer and use case requires it.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">We have also improved the ability to extract and analyze the data contained in the documents: we have increased by 1% the reading capacity of 2D barcodes globally and improved the Character Error Rate (CER) by 1% in Spain, the Netherlands and Hungary. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d6ac22 elementor-widget elementor-widget-spacer\" data-id=\"0d6ac22\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f51f08b elementor-widget elementor-widget-heading\" data-id=\"f51f08b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A more secure and robust Digital Onboarding\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5774b1 elementor-widget elementor-widget-text-editor\" data-id=\"d5774b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 300;\">As a society, we are increasingly aware of the risks we face regarding digital fraud and cybersecurity. Such risks become more evident when discussing biometric technologies in the digital identity verification ecosystem. Being able to completely close the doors to those fraudsters who try to operate under someone else&#8217;s identity will be the key to achieving a complete and reliable digital transformation; no digitalization is possible without a real identity.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">To this end, Veridas pays special attention to continuously improving the quality of its fraud detection processes in the field of both document fraud and biometric fraud.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">Regarding the first type of fraud mentioned, which comes from false or manipulated identity documents, we have deployed new algorithms capable of detecting colour photocopies (replay attacks) and photo-to-screen attacks (print attacks) with an accuracy of over 90% for all standardized documents, worldwide.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">Another essential step toward fraud prevention has been implementing connections between <\/span><a href=\"https:\/\/veridas.com\/digital-onboarding\/\"><span style=\"font-weight: 300;\">our modular Digital Onboarding processes<\/span><\/a><span style=\"font-weight: 300;\"> and PEPs (Politically Exposed Person) and AML (Anti-Money Laundering) identity databases. These connections will allow companies that wish to do so to contrast the personal data extracted by Veridas from the identity document presented against these databases, which may be public (government) or private so that our clients can act accordingly.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-469c045 force-centered-content elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-html\" data-id=\"469c045\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-9d2f027d-2e80-4f2b-8103-8f570f0ddc7c\"><span class=\"hs-cta-node hs-cta-9d2f027d-2e80-4f2b-8103-8f570f0ddc7c\" id=\"hs-cta-9d2f027d-2e80-4f2b-8103-8f570f0ddc7c\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/19918211\/9d2f027d-2e80-4f2b-8103-8f570f0ddc7c\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-9d2f027d-2e80-4f2b-8103-8f570f0ddc7c\" style=\"border-width:0px;\" height=\"348\" width=\"1280\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/19918211\/9d2f027d-2e80-4f2b-8103-8f570f0ddc7c.png\"  alt=\"[FREE DEMO]: Find out how our technology works live\"\/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(19918211, '9d2f027d-2e80-4f2b-8103-8f570f0ddc7c', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code -->\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-959c3a0 elementor-widget elementor-widget-spacer\" data-id=\"959c3a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80ab3de elementor-widget elementor-widget-heading\" data-id=\"80ab3de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A Digital Onboarding that converts more and better\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7abaa1 elementor-widget elementor-widget-text-editor\" data-id=\"c7abaa1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 300;\">Another critical aspect of implementing Digital Onboarding processes is their ability to convert potential customers into actual customers. This ability is usually measured under the concept of funnel conversion and is critical for any company, regardless of industry or geography.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">In this sense, at Veridas, we are very aware of this need, and therefore we can guarantee our clients exceptional conversion rates. The improvement of these rates is always the main objective to achieve at every release, and in this Q, it could not be less: we have reached an improvement of the document conversion funnel of 5% in Mexico, 9% in France, and Hungary or 4% in Bulgaria. That places our global average conversion rates above 80%.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">In addition, we have also improved the funnel corresponding to the biometric verification stage by 2% in all native processes, especially notable in Colombia.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3ca8f9 elementor-widget elementor-widget-spacer\" data-id=\"a3ca8f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4865ac4 elementor-widget elementor-widget-heading\" data-id=\"4865ac4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A present project that anticipates the future\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0712b66 elementor-widget elementor-widget-text-editor\" data-id=\"0712b66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 300;\">At Veridas, <\/span><a href=\"https:\/\/veridas.com\/how-veridas-solutions-comply-with-regulations\/\"><span style=\"font-weight: 300;\">we continue to focus on certification<\/span><\/a><span style=\"font-weight: 300;\"> as one of the fundamental pillars to continue building our project. We are paying particular attention to the continuous evaluations of the National Institute of Standards and Technology, NIST, where we want to continue to be a global benchmark in 2022.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">We are also looking to achieve a higher level of compliance with ISO 30.107 in terms of liveness detection performance. <\/span><a href=\"https:\/\/veridas.com\/veridas-liveness-detection-solution-compliant-with-ibeta-level-1-pad-iso-30107-3\/\"><span style=\"font-weight: 300;\">iBeta already validated Veridas compliance with this regulation<\/span><\/a><span style=\"font-weight: 300;\">, granting us level 1 in December 2021 (iBeta Quality Assurance Level 1 PAD -Presentation Attack Detection-), and we hope to increase it.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">We also want to continue strengthening our commitment to the fight against digital fraud. We are already working on <\/span><a href=\"https:\/\/veridas.com\/two-keys-to-stop-deepfakes-with-biometrics\/\"><span style=\"font-weight: 300;\">preventing critical issues such as deepfakes<\/span><\/a><span style=\"font-weight: 300;\">, for which we are developing algorithms dedicated exclusively to their detection.\u00a0<\/span><\/p><p><span style=\"font-weight: 300;\">To keep abreast of these product developments and much more, we encourage you to follow our activity on social networks (<\/span><a href=\"https:\/\/www.linkedin.com\/company\/veridas\"><span style=\"font-weight: 300;\">Linkedin<\/span><\/a><span style=\"font-weight: 300;\">, <\/span><a href=\"https:\/\/twitter.com\/Veridas\"><span style=\"font-weight: 300;\">Twitter<\/span><\/a><span style=\"font-weight: 300;\"> and <\/span><a href=\"https:\/\/www.instagram.com\/veridas.life\/\"><span style=\"font-weight: 300;\">Instagram<\/span><\/a><span style=\"font-weight: 300;\">) and <a href=\"#news\">subscribe to our newsletter<\/a>, where we regularly report on current issues closely related to biometrics and digital identity verification.<\/span><\/p><p><span style=\"font-weight: 300;\">Stay tuned&#8230;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7f319f elementor-widget elementor-widget-spacer\" data-id=\"a7f319f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45dd39c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45dd39c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-68cfe4c\" data-id=\"68cfe4c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58f6ecc force-centered-content elementor-widget elementor-widget-html\" data-id=\"58f6ecc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-da893906-cf3e-4e59-8695-c6c541f056fe\"><span class=\"hs-cta-node hs-cta-da893906-cf3e-4e59-8695-c6c541f056fe\" id=\"hs-cta-da893906-cf3e-4e59-8695-c6c541f056fe\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/19918211\/da893906-cf3e-4e59-8695-c6c541f056fe\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-da893906-cf3e-4e59-8695-c6c541f056fe\" style=\"border-width:0px;\" height=\"348\" width=\"1280\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/19918211\/da893906-cf3e-4e59-8695-c6c541f056fe.png\"  alt=\"New call-to-action\"\/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(19918211, 'da893906-cf3e-4e59-8695-c6c541f056fe', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code -->\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Discover all the new improvements we have released over this quarter. Connection to PEPs &#038; AML, document fraud improvements and boosted funnel conversion<\/p>\n","protected":false},"author":4,"featured_media":31555,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":[],"meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[178],"tags":[],"country":[],"resource":[293],"topic":[248],"industry":[],"solution":[],"class_list":["post-31630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-release-en","resource-yes","topic-milestones"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Product Release: connection with PEPs &amp; AML, improved conversion funnels and extended document coverage &#8226; Veridas<\/title>\n<meta name=\"description\" content=\"Discover the latest product improvements we released this quarter. Connection with PEPs &amp; AML, improved conversion and document fraud measures. Read more here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/veridas.com\/en\/new-product-release-connection-with-peps-aml-improved-conversion-funnels-and-extended-document-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Product Release: connection with PEPs &amp; AML, improved conversion funnels and extended document coverage &#8226; Veridas\" \/>\n<meta property=\"og:description\" content=\"Discover the latest product improvements we released this quarter. Connection with PEPs &amp; AML, improved conversion and document fraud measures. 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