idwall
Offering Trust as a Service

It goes without saying that online fraud and identity theft is a global issue. But it is indeed a billion-dollar problem, particularly in Brazil! It’s estimated that such fraudulent activities cost the country around $15 billion a year! Every 16 seconds, an online fraud attempt happens in Brazil. In fact, the nation alone accounted for more than 45 percent of global cases of credit card fraud last year.

Such instances are impeding businesses and organizations today, especially in the finance and banking sector of the country, from scaling up. Thus, the question of the hour pertains to how businesses can guard themselves against this burgeoning problem while not compromising on the user experience they provide? Lincoln Ando and Raphael Melo, the co-founders of the startup, idwall, have the answer.

“idwall has the mission to solve a huge challenge faced by Brazilian companies, also experienced by Raphael and I throughout our career—the great distrust existing within the digital environment, motivated by crimes such as identity fraud,” says Ando, co-founder and CEO of idwall.

On that front, idwall is the perfect solution for businesses to tackle digital identity fraudulent activities. It seamlessly aids businesses in customer credentialing without taking the edge off of customer experience. To enable this, idwall puts forth a diverse range of solutions, including optical character recognition (OCR)-assisted document validation, face match authentication, and background check verification.

Notably, idwall’s document validation solution is one of the best validation solutions available in the market today. Conceived, created, and customized for Brazilian documentation, the automated solution has the best data extraction score among its competition. It extracts the data from the image of a document, be it a driving license or identity card, and check if the data is accurate on public sources. All that is done automatically and swiftly, making the client credentialing process agile, safe, and smart.

idwall’s face match is another solution that can reduce the risk of identity fraud. The facial biometrics solution leverages machine learning algorithms to compare the photo of a client with the one on the documents. Based on the comparison, it produces an automated score, which establishes the identity. Similarly, idwall has a tool for background verification as well. It automatically consults detailed information regarding a user, hastening the client verification and KYC processes up to 10 times faster. It validates data, such as registration status, fines, and lawsuits, in more than 200 public and private sources and adverse media on important news websites. All this information is streamlined and centralized on a simple yet intuitive dashboard.

But that’s not all! idwall has gone a notch above and developed a mobile software development kit (SDK) that could make the integration of these solutions to a product effortless. Available for both iOS and Android, the mobile SDK brings together all idwall solutions under one roof. Thus, it becomes easier for apps to authenticate clients without compromising on user experience and security.

Leaning on such expansive competencies, idwall is breaking new grounds in the domain. Hundreds of organizations rely on idwall today to cater to their digital identification problems. Their leading-edge solutions are undoubtedly one of the obvious choices for businesses today to digitally validate the users’ identities.