KYC & Identity Verification for Finance | Incode

Incode invests in privacy-first architecture and acquires Identiq.

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Secure every transaction with advanced fraud protection

AI-powered identity verification that stops sophisticated attacks while ensuring compliance and frictionless customer onboarding.

Leading global companies choose Incode for identity verification

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Financial institutions face a new era of fraud

Generative AI has created emergent threats that legacy security systems can’t contain.

96.4% of financial services professionals consider deepfake and synthetic identity fraud to be a top-of-mind concern.

Critical fraud challenges for the financial industry

AI-powered fraud at scale Criminals use generative AI to create convincing deepfakes and synthetic identities that bypass outdated identity verification.

Complex compliance demands Evolving KYC/AML requirements across jurisdictions while managing new reimbursement mandates and data sharing regulations.

Security versus growth trade-offs Financial institutions struggle between rigorous verification that frustrates customers and fast onboarding that opens security gaps.

Core benefits for financial institutions

Incode empowers financial institutions across banking, fintech, loans and payments, crypto, insurance, and investment.

Streamlined onboarding

Accelerate customer onboarding with automated, frictionless verification processes.

Regulatory compliance

Manage evolving compliance requirements with dynamic workflows and government-sourced KYC/AML verification.

Advanced fraud detection

Prevent unauthorized access and protect sensitive health data from AI-driven fraud attacks.

Reduced costs and enhanced trust

Lower moderation and support overhead while strengthening advertiser and user confidence.

Proven results that drive growth

Gain higher conversions, faster onboarding, and stronger fraud prevention in one seamless solution for financial services. Up to 99% fraud reduction Up to 40% higher conversion rates Up to 5x faster onboarding

Frequently Asked Questions

Why do financial services companies need identity verification?

Financial institutions are legally required to verify customer identity under KYC/AML regulations including the Bank Secrecy Act, FinCEN CIP rules, and EU AML Directives. Non-compliance risks fines, license revocation, and reputational damage.

How does AI identity verification speed up financial onboarding?

AI identity verification reduces onboarding from days to seconds — verifying documents and biometrics in a single automated flow, with no manual review queues. This directly improves conversion rates and reduces abandonment at account opening.

What is Enhanced Due Diligence (EDD) in financial services?

EDD is a heightened KYC process applied to high-risk customers — such as Politically Exposed Persons (PEPs), customers from high-risk jurisdictions, or large transaction volumes. It requires deeper background checks, source of funds documentation, and closer ongoing monitoring.

How does biometric verification reduce fraud in banking?

Biometric authentication at login, high-value transactions, and account recovery closes the gap that password-based systems leave open. It prevents account takeover, social engineering, and fraudulent transaction authorization.

What compliance frameworks does Incode's financial services solution support?

Incode supports compliance with FinCEN, FATF, GDPR, CCPA, PSD2, and regional equivalents — with built-in audit trails, risk scoring, and case management designed for regulated financial environments.