CIS Integrates New Consumer Verification Tool

CIS has announced that its InstantID is now integrated with their solutions for consumer verification.

“InstantID provides clients competitive advantages in catching fraudulent applicants, accelerating onboarding and increasing acquisition,” said Mike Brown, CIS president.

InstantID is a solution provided through LexisNexis, accessing more than 36 billion public and private records. Knowledge-based, superior linking and intelligent data connectors instantly deliver multiple levels of consumer identification, including validating input data is real (i.e. government-issued SSN, legitimate address); verifying input data belongs to a single identity (i.e. SSN & birth date match single name); identifying compromised and suspicious identities (i.e. SSN issued prior to DOB).

“The ability to instantly know your applicant is who they claim to be, immediately stops fraudulent applicants from consuming resources,” said Brown. “In addition to catching fraud, InstantID also increases onboarding volume by authenticating applicants overlooked by traditional credit data, making this product a win-win for revenue growth and improving efficiencies. As clients broaden their acquisition methods using online and remote channels, the necessity of catching fraud and strengthening compliance is paramount. InstantID provides an audit trail on every applicant and is the only verification and validation solution endorsed by the American Bankers Association.”