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Reduce incidents on your platform

How Automated Identity Verification Can Help You Reduce Incidents On Your App

As a founder or operator of a sharing or gig economy app, you are no stranger to the importance of a verified identity layer and the horrors that can come from its absence. Whether you’re a veteran or new to this space, we’re guessing the Black Mirror style stories we’ve outlined below are all too familiar. The happy ending? These stories don’t have to be this dark; and most are entirely preventable. Read on to find out how you can change the arc of these narratives for your business and end-users:

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identity-theft-security

Identity Verification: The real superhero combating fraud, chargebacks, and default rates.

Fake IDs have existed for many years and have been used by many people (maybe even you) for “harmless” reasons. I say harmless because I’m thinking of my teenage years when I would borrow my sister’s ID to buy beers for my friends or maybe get into a club. I guess this is why seeing a teenager borrowing an ID, or ordering a fake one to buy liquor is such a cliché in American teenage movies. Speaking of that, have a look at this masterpiece of a scene, coming straight from the 2007 comedy Superbad:

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Rental Industry & How To Fight Fraud

The Vacation Rental industry has, in recent years, become very targeted by fraudsters because of its high-ticket items (the average price of a fraudulent booking ranges from $238-$588, according to Sift Science) and intangible goods – which means there is nothing to collect. In addition, with instant booking capabilities, it becomes increasingly difficult for small teams to investigate every transaction and quickly detect fraudulent activity.

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