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Comoros Gets Smarter on Compliance with Regulatory Technology from Vaiie

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The Indian Ocean archipelago of Comoros is strengthening its regulatory compliance landscape, thanks to innovative solutions from Vaiie, a subsidiary that facilitates compliance processes for major financial, insurance, telecommunications, and energy sectors globally.

Cutting-Edge Identity Verification

Vaiie has introduced Vaiie Identify, an online identity verification service that incorporates document and biometric checks. This cutting-edge technology enables firms to significantly reduce onboarding time, cost, and abandonment rates while enhancing document analysis capabilities as part of Know Your Customer (KYC) checks.

Key Benefits

  • Reduce onboarding time and costs
  • Enhance document analysis capabilities for KYC checks
  • Streamline identity verification workflows

Meeting Stringent Security Requirements

Comoros’s financial institutions demand secure and trustworthy solutions for risk and compliance management. Vaiie sought reliable identity and document verification technology providers to meet these requirements.

Choosing the Right Partner

After conducting market research, Vaiie chose Regula’s solutions, particularly Regula Document Reader SDK, which was integrated into Vaiie Identify to become a powerful tool for identity document verification.

Building Partnerships in an Ever-Changing Regulatory Landscape

Building partnerships with trusted solution providers like Regula is crucial for Vaiie, especially in an ever-changing regulatory landscape where adapting to new market developments is essential.

Key Features of Regula Document Reader SDK

  • Instantly reads and validates personal data in accordance with relevant templates
  • Automatically determines if a document is real using document liveness detection
  • Verifies authenticity by analyzing security features
  • Cross-checks data in visual zones, machine-readable zones (MRZ), electronic RFID chips, barcodes, etc.

A Robust yet Fast Identity Document Verification Solution

Regula’s solution relies on its extensive document template database containing over 12,000 ID templates from 247 countries and territories, making it fast and effective regardless of the ID provided.

Benefits for Vaiie’s Customers

  • Streamline identity verification workflows while reducing costs
  • Verify more customers in less time
  • Mitigate fraud with comprehensive ID authentication
  • Deliver an exceptional customer experience
  • Comply even with the strictest regulations

By leveraging regulatory technology from Vaiie, Comoros is taking a significant step towards strengthening its compliance landscape and creating a better environment for businesses to thrive.