Skip to main content
Equifax
Enquire Now Login
IDMatrix
  • Features
    • Identity Verification
      • Multiple Verification Sources
      • Document Verification Service
      • Super & Payroll Search
      • Document Upload
      • Equifax Biometrics: Seamless Identity Verification
      • Your Business Rules
    • Fraud Assessment
      • Device Intelligence
      • Fraud Lookup
      • PEP and Sanctions Screening
      • Velocity Assessment & ID Takeover Alert
      • Phone Number Validation
      • Second Factor Authentication
      • Knowledge Based Authentication
      • Visa Checks via VEVO
      • Australian Death Check
      • Email Risk Search
  • Why
    • Range of Delivery Channels
    • Highly Configurable Platform
    • Comprehensive Reporting Portal
    • Solutions Delivery
  • Packages
  • Resources
    • News, Articles & Case Studies
  • Home
  • Resources
  • News-and-articles
  • Veda Releases Enhanced Functionality for its IDMatrix Product

Articles

Veda Releases Enhanced Functionality for its IDMatrix Product

Published on 12 November 2012

IDMatrix enables straight through processing for online customer on-boarding within seconds with identity verification and fraud assessment

Veda, a leading provider of consumer and commercial data intelligence and insights, announced the release of enhanced functionality for its market-leading online customer verification product, IDMatrix.  IDMatrix now enables users to perform both an identity verification and a fraud assessment in a matter of seconds when processing new customers.

IDMatrix provides the most comprehensive identity verification assessment on the market, giving its customers access to a range of databases including device intelligence, politically-exposed-persons (PEP) and sanctions, velocity, and multi-factor authentication.

“In today’s highly competitive market, organisations need to be able to assess and approve/decline credit online applications from customers instantly, or risk losing the customer to a competitor.  IDMatrix helps to speed up this process by enabling organisations to verify the customer is who they say they are within seconds. This latest enhancement is a first for the industry as there is currently no other known product in the Australian market that can process both the fraud and identity components simultaneously.” says John Wilson, Veda’s Executive General Manager, Product & Market Development.

Since its launch nearly two years ago, Veda’s IDMatrix has transformed the way organisations verify the identity of potential customers online. Some of the benefits include: greater new customer acquisition rates, reduced operational costs associated with paperwork processing/storage, real-time application approvals, improved online brand experience, reduced processing time, and helping to meet compliance requirements for reporting entities under the AML/CTF legislation.

http://www.biia.com/veda-releases-enhanced-functionality-for-its-idmatrix-product

Case Studies

  • Through innovation and early adoption of new technologies, many digital-savvy mortgage brokers are digitising the home loan application process without compromising on personal service. Their focus is on removing effort for borrowers, boosting conversion rates, improving choices and accelerating deal speed. And they each recognise that these goals can only be achieved in a compliant and responsible manner.

    Read More
  • ING DIRECT challenges the way Australians think about banking by delivering simple and straightforward products and exceptional customer experience. ING DIRECT recently set out to solve the customer onboarding friction when electronic verification is not sufficient.

    Read More
  • As Sovereign Credit, part of the John Hughes Group, began to extend their business from primarily vehicle finance into personal loans, they were looking to proactively mitigate their increasing risk profile. They did this by implementing early warning FraudCheck solution from Equifax.

    Read More
  • BOQ is one of Australia’s leading regional banks, with over 250 branches across Australia. Since 1874 they have prided themselves on building long-term customer relationships based on mutual respect and understanding, offering a full range of personal banking services.

    Read More
Equifax

Secondary menu

  • Terms & Conditions
  • Privacy Policy
  • About Us
  • Contact Us
  • Sitemap
FOLLOW Us
  • facebook
  • twitter
  • linkedin

Copyright © 2025 Equifax Pty Ltd., a wholly owned subsidiary of Equifax Inc. All rights reserved. Equifax and EFX are registered trademarks of Equifax Inc.
Other Equifax sites
  • image description
  • image description
  • image description
  • image description
  • image description
  • image description
  • image description

Welcome to IDMatrix

Please select a site
Login to:    IDMatrix   Portal
Forgot your password?