The process of identifying, assessing, and managing risks that could impact an organization’s operations, financial performance, or reputation. Risk mitigation strategies can include risk avoidance, risk transfer, risk reduction, and risk acceptance, among others. The goal of risk mitigation is to minimize the impact of potential risks and ensure that an organization can continue to operate effectively even in the face of unexpected challenges. By verifying the identities of their customers and monitoring their transactions for suspicious activity, businesses can reduce their exposure to financial and reputational risk. IDVerifact’s risk mitigation services can also help businesses comply with KYC, KYB, and AML regulations, which can help them avoid costly fines and legal penalties.
  • Consumer Credit File
  • iDecision from Equifax
  • Business Credit Report
  • Business Failure Disk Score
  • Commercial Delinquency Score
  • Pay Stubs
  • Notice of Assessment summary
  • Notice of assessment detail
  • Bank Account based verification
  • Employer Outbound Call
  • Bank Statement
  • Employment Letter
  • Employment Payroll
  • Employment Letter
  • Pay Stubs
  • Bank Statement
  • Banking – Transaction Aggregator
  • Employer Reference Check (Outbound)
  • Digital Employment Verification
  • Employment Payroll