KYB Document Collection & OCR at $0.20 per Document
Blog post from Didit
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Didit's Business Verification API enhances the Know Your Business (KYB) process by integrating document handling directly into the verification session, addressing the traditionally manual and error-prone task of document collection and verification. The API uses Optical Character Recognition (OCR) to automatically read and structure data from documents such as certificates of incorporation and proof of address, while also conducting tamper checks to detect any signs of editing or forgery. This approach not only reduces the risk associated with fake documents but also streamlines the onboarding process by eliminating manual data entry and ensuring that all documents are verified rather than just stored. The feature is priced at $0.20 per document within a KYB session that costs $2.00 for full company verification, and it allows for status tracking and resubmission requests, ensuring a seamless and scalable document verification process.
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