2021 Startup Booster Organizations
Identomat provides AI-powered Identity Verification & KYC/AML compliance as a Service. Our proprietary solution with Liveness Detection, Selfie Matching, Document OCR, and Live Video Chat for AI-driven or Agent-led KYC workflows is used globally across private and public sectors. Identomat helps companies to enable seamless remote customer onboarding, biometric authentication, age verification, and fraud prevention at the fraction of the costs.
Identomat was born out of entrepreneurial serendipity. In 2019, we were helping a large financial organization accelerate their credit approval decision making by using machine learning and Big Data. In doing so, we noticed that even though the manual loan approvals were slowing down the process, they weren't the biggest source of friction for their customers. We found out that customer identity verification and compliance data collection was also done manually and was taking up to a few days. That’s when we decided that enabling people worldwide to access mission-critical services instantly and remotely was that ambitious goal most startup founders dream of pursuing. The rest is history . . .
Headquartered in Champaign, Illinois, and founded in May 2020.
Tags: Biometrics, Compliance, Digital transformation, Financial crime, Identity, Regtech, Risk management