This means that this new system is ready to simplify the registration process, in addition to establishing a new standard of security and efficiency, placing Legitimuz, once again, at the forefront of technological innovation in the sector.
Get to Know Legitimuz's ‘KYC Sem-Doc’
The "Know Your Customer" (KYC) process is a fundamental criterion in the regulatory framework of any iGaming operator, mandatory for betting companies to operate in compliance with local rules.
Until now, this process required users to submit their personal documents for analysis, such as ID cards and CPF, and wait for verification and comparison with the provided data.
Typically, when carried out using Legitimuz's solutions, this step takes about 30 seconds, which is already an extremely attractive time. However, it is now set to be reduced to a third.
More clearly, Legitimuz is once again set to transform this scenario with the launch of Document-Free KYC, an innovative solution that greatly simplifies the verification process.
Using the most advanced facial recognition technology, ‘KYC Sem-Doc’ can validate a user's identity in seconds.
The system is powered by an extensive and secure database of over 120 million faces, each duly cataloged and continuously updated to ensure accuracy and security.
In other words, the 30-second analysis time is now reduced to just 10 seconds, further decreasing user abandonment rates and significantly increasing platform conversion.
How does ‘KYC Sem-Doc’ work in practice?
The identity verification process with ‘KYC Sem-Doc’ happens, in summary, in four steps:
Is ‘KYC Sem-Doc’ safe?
Yes, Legitimuz's ‘KYC Sem-Doc’ is extremely secure. It uses advanced facial recognition technology to verify user identities, providing multiple layers of security and minimizing fraud possibilities.
Besides eliminating the need for physical documents, the system compares captured images in real time with a database of verified faces.
It is noteworthy that this process completely prevents fraud attempts aimed at manipulating documents that could be falsely presented.
All this happens through a process called 1-to-N, where your face is immediately compared with all those registered in the database and, when identified, associated with your respective personal documents for validation, such as driver's license, passport, and ID card.
Moreover, by eliminating the need to handle and store sensitive documents, ‘KYC Sem-Doc’ significantly reduces the risk of data breaches.
Instant verification via facial recognition also decreases the chance of malicious actors entering, ensuring that only a real—and validated—user can complete their registration.
Finally, the system is designed to adapt to any fraud attempt, continually learning and improving its recognition capability.
Therefore, besides offering a fast and frictionless identity verification, ‘KYC Sem-Doc’ is a solution that significantly reinforces security and trust in the platform for operators and users in the iGaming ecosystem.
This clearly shows that Legitimuz's ‘KYC Sem-Doc’ is a solution that not only meets the regulatory requirements of the iGaming sector but also significantly enhances the user experience, making the verification process almost imperceptible, secure, and highly efficient.
See more details about Legitimuz's ‘KYC Sem-Doc’ directly on the official blog.
Source: Legitimuz
