Verify Your Customer’s Identity Using INSTAid+ One of the first steps for all conveyancing and mortgage broking matters is to verify the identity of both parties. Unfortunately this can often be a slow and laborious process that delays the transaction and can be frustrating for all involved. If this sounds familiar, you’ll be pleased to hear that InstaID+ combines the efficiency and ease of technology with the accuracy of online ID verification databases to speed up the verification of identity (VOI) process. InstaID+ is a wholly digital platform that allows you to verify the identity of buyers quickly and easily using online databases. InstaID+ will confirm that the buyer is a real person and therefore a legitimate purchaser for the property. InstaID+ will verify that the buyer is indeed the person presented in the identification. This can often be difficult to gauge in online transactions but InstaID+ will make this process easy to manage and completely secure for both parties. InstaID+ will confirm that the buyer is active or ‘live’ throughout the purchase — minimising the possibility of identity fraud and cyber crimes being committed in your transactions. InstaID+ will verify the buyer’s identification against trusted and independent verification sources, e.g. Australian Government Document Verification System, Jumio for document verification of IDs from over 80 countries, and the Australian Government Department of Home Affairs to verify immigration and visa details.
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Broker Magazine
