Partnership Announcement
RZOLUT Partners with IDVerse to Bring Robust & Integrated Identity Verification and AML Data Solutions to Global Markets
We are excited to announce a major milestone in our journey towards becoming the leading provider of AML and related datasets for the global risk and compliance industry.
Our partnership with IDVerse combines fully automated IDV and biometric services with RZOLUT’s industry leading ContentStream data platform to create a full stack solution for customers. This solution stack significantly reduces customer onboarding time and drives potential double digit efficiency gains for customers’ compliance programmes.
The AI driven solution stack achieves this through faster identification of PEPs, sanctions, global watchlists, and adverse media-related risks on targets, with dramatically reduced false positives.
Sarabjeet Singh, Founder, RZOLUT, said, “RZOLUT is committed to helping organizations effectively manage financial crime risk, ensuring risk mitigation at every stage. As we realise our vision to be the preeminent data provider in the Risk and Compliance domain, we are delighted to be partnering with IDVerse. The combination of capabilities creates a new paradigm of risk management solutions while offering our customers more flexibility and the ability to adapt to changing circumstances in today’s turbulent environment.”
John Myers, CEO of IDVerse, highlighted the transformative potential of the partnership, stating, “IDVerse’s unique value proposition lies in our cutting-edge deepfake detection technologies, which redefine identity verification. Teaming up with RZOLUT amplifies these capabilities, as we integrate our advanced solutions with their industry-leading ContentStream data platform. This collaboration empowers our clients with an innovative suite of risk management solutions, combining the precision of computer vision and the adaptability of generative AI. Together, we are reshaping identity verification, delivering a solution that not only meets but exceeds the demands of today’s complex regulatory environment.”
About RZOLUT:
RZOLUT (www.rzolut.com) is a RegTech company that has the vision to democratize data intelligence. We provide global organizations with intelligent data platforms and tech tools they need to help identify and monitor risk events on customers, vendors, and their business. We conceptualize, build, and maintain high accuracy Risk Data Assets, at scale. RZOLUT products and domain specialists cater to customers that address 238 jurisdictions, covering 120 languages across the globe.
RZOLUT was recently recognized by Chartis Research as a Top 50 Financial Crimes and Compliance vendor. Further, RZOLUT was the category awardee for Workflow and Automation: 360 Degree Customer Risk Assessment in the same report.
For media inquiries and further information, please contact:
Jaideep S Mehta
Managing Director – RZOLUT
Jaideep.mehta@RZOLUT.com
M: +447879185706
About IDVerse:
Verify anyone’s identity within seconds using only their face and smartphone—across over 220 countries and places, and with nearly any issued ID document. IDVerse is fighting AI bias by developing face recognition systems that prioritize inclusivity and fairness. Through our Zero Bias AI™ tested technology, we harness the power of regenerative AI to mitigate discrimination based on race, age, and gender. This advanced technology not only fights fraud and deepfakes but also significantly reduces associated risks.
IDVerse is trusted by startups, governments, and global enterprises, including HSBC, Uber, Experian, Equifax, and LexisNexis. Founded in Australia in 2018, IDVerse is a Series B venture-backed company with offices in Sydney, London and Silicon Valley.
For more information, visit idverse.com
Contact:
Matt Ingman
media@idverse.com