Is Verath a verification provider?

No. Verath doesn't verify identities for businesses, and it doesn't sell or look up identity data. It works alongside verification providers rather than competing with them.

The difference

• Verification providers help banks, fintechs and lenders confirm that a customer's NIN or BVN is genuine when they sign up, apply for a loan or update their details. Their customer is the business.
• Verath tells the owner of the NIN or BVN that a check happened, so they can confirm it or say Not me. Its users are the people being checked, and the institutions that want to hear from them.

How they work together

A verification provider, bank or fintech can connect to Verath as a partner. Each time it checks an identity number, it sends Verath a privacy-preserving code made from the number, never the number itself. If that identity is protected by Verath, the owner is alerted. If the owner taps Not me, the partner receives a dispute with its own reference, often before any money moves.

Partners get:

• Owner-confirmed or disputed signals, a strong early sign of fraud;
• Lock checks, to see whether an owner has locked their identity before opening an account or loan;
• Privacy by design: partners never see who an alert went to, and can't combine data with other partners.

Does Verath check identities at all?

Only for its own users: when you enrol, Verath confirms you own the NIN or BVN you want to protect. See Joining Verath and enrolling your identity.

Interested in connecting? See Verath for banks, fintechs and lenders or contact sales.