Veriff launches category extraction as a new product feature
Identity verification company Veriff launches a new product feature that enables companies to extract category information from a driving licence. During the verification process, Veriff can determine whether the person has a legitimate right to drive a certain category vehicle, in most cases a B-category one.
The new feature helps Veriff’s mobility sector clients who provide different ride-sharing services like car- or moped-sharing or rental and need to check whether the person using the service has a valid driving license in the right category.
According to Janer Gorohhov, the co-founder and COO of Veriff, the new feature was built in just over one month. “We kicked the pilot off with our Vienna-based client goUrban, which provides a software platform and data analytics to shared mobility operators. The category extraction enables the mobility sector to make sure that the person presenting the driving license is eligible to drive the vehicle. The idea is to make the verification process even more accurate and seamless and enable partners like goUrban to build up trust with their customers,” Gorohhov added.
“On top of the strong time-saving automation component, we consider Veriff’s category extraction feature a game changer, as it fully enables the car-sharing use case. In particular, fraud and damages are an increasing concern in the mobility industry - so of course high cost assets such as a car, or a luxury car for that matter, need to be safeguarded: precise license identification strongly contributes to this,” said Nicholas Kirk, the Head of Business Development at goUrban.
The category extraction gives an accurate insight to Veriff clients' about who their customers are and whether they are legally entitled to use the requested mobility service. With the help of artificial intelligence, Veriff reads the driving license data regarding the driving category that the person has.Veriff is now supporting close to 9,000 different documents from all over the world. “The more document types we can process, the better our service becomes and we can improve the speed of verification decisions, saving people time as they are going through the process,” added Gorohhov.
Currently Veriff is focusing on the driving licence standard of the Vienna Convention on Road Traffic from 1968. This standard is used in the European Union and some other countries. However, Veriff is working to expand the extraction feature capabilities and add more licence standards to build new use cases.
Contact for editors:
Karita Sall, Veriff
Head of Global Marketing and Communications
karita.sall@veriff.com
Veriff is a global tech company building a visionary AI-driven verification platform. Veriff technology makes sure that a person is who they claim to be. With the help of artificial intelligence, Veriff analyses thousands of technological and behavioral variables in seconds, verifying people from 190+ countries.
Founded in 2015 by Kaarel Kotkas, Veriff serves a global portfolio of internet businesses, including fintech companies, sharing economy providers, and marketplaces in the USA, Europe, and other places in the world. Veriff employs over 230 people in Estonia and the USA.
Veriff is an alumnus of the startup accelerator Y Combinator. As of now Veriff's total financing is 23,8 million USD, including the 8,3 million dollar Series A funding in 2018. Veriff investors include Mosaic Ventures, Y Combinator, SV Angel, ACE & Company, LIFT99, Superangel, Ashton Kutcher, Paul Buchheit, Elad Gil, Taavet Hinrikus, Sten Tamkivi, Gustaf Alstromer, Anu Harihara, Andrew Prozes, and others.
