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Veriff has introduced significant updates to its identity verification (IDV) offerings, enhancing its position as a market leader in the industry. The company now provides two enhanced IDV products: a fully automated solution delivering verification decisions in just five seconds, and a hybrid solution that combines high automation with the expertise of verification specialists. The fully automated option offers the fastest decision speed on the market and a high conversion rate, making it ideal for businesses prioritizing speed and risk tolerance. Each verification session now includes a decision, decision score, and detailed insights to aid in the customer onboarding process. Suvrat Joshi, Senior VP of Product at Veriff, emphasized the benefits of the new updates, stating that they significantly improve the company’s core identity verification service and support businesses in streamlining their onboarding flows.