Introduction

Pioneer the Future of Trust with BIVE AI by Wafi. You've chosen a partner committed to trust and security. Our API delivers the most advanced AI-powered identity verification, enabling you to confidently navigate the complexities of KYB and KYC. Unlock the power of machine learning and computer vision to build a safer, more secure ecosystem for your business.

Dive into our API and experience the future of secure transactions, where fraud is stopped before it starts. Contact our team at [e-mail] if you have any issues with the platform.

We are constantly updating our APIs to make them more efficient and customized. Each API release will have an associated version number (for example, v1 means version one)

Why use BIVE AI?

Businesses across various sectors use BIVE AI for several crucial reasons. Here are some key reasons and motivations:

• Automation: Bive AI enables you to reduce manual effort and speed up verification processes.

• Accuracy: Bive AI significantly improves the accuracy of identity verification compared to manual checks and other competitors.

• Scalability: Bive AI enables you to handle large volumes of verification requests with predictable high levels of accuracy.

• Security: Bive AI provides secure and reliable identity verification.

• Cost-effectiveness: Bive AI is more cost-effective than manual verification processes.

Use cases

1. Fraud Prevention and Risk Mitigation:

   • Account Creation:

     • Prevent fraudulent account creation by verifying the identity of new users.

     • Reduce the risk of bots and fake accounts.

   • Transaction Security:

     • Verify the identity of users before high-value transactions to prevent financial fraud.

     • Ensure compliance with anti-money laundering (AML) regulations.

   • Prevent Identity Theft:

     • Protect customer data and prevent identity theft by verifying the authenticity of documents and selfies.

     • Reduce the risk of reputational damage due to security breaches.

2. Regulatory Compliance:

   • Know Your Customer (KYC):

     • Meet KYC requirements in regulated industries such as finance, banking, gambling, and online marketplaces.

     • Ensure compliance with AML and counter-terrorism financing (CTF) regulations.

   • Age Verification:

     • Verify the age of users to comply with legal restrictions on access to age-restricted goods and services (e.g., alcohol, tobacco, online gambling).

   • Business Verification:

     • Verify business registrations and beneficial ownership to comply with regulations regarding business transactions.

3. Enhanced User Experience and Trust:

   • Faster Onboarding:

     • Streamline the onboarding process for new users by automating identity verification.

   • Build Trust:

     • Establish trust with customers by demonstrating a commitment to security and compliance.

     • Enhance the credibility of your business in the eyes of customers, regulators and partners.

   • Secure Access:

     • Ensure that only authorized people have access to certain platforms, solutions or information.

Specific Industry Applications

• Financial Services:

  • Online banking, lending, and investment platforms use BIVE AI for KYC, AML, and fraud prevention.

  • Payment processors verify the identity of merchants and customers using BIVE AI.

• E-commerce:

  • Online marketplaces use BIVE AI to verify the identity of sellers and buyers to prevent fraud and ensure trust.

  • High-value retailers use BIVE AI to verify the identity of customers for secure transactions.

• Online Gaming:

  • Gaming platforms use BIVE AI verification services for age verification and to prevent underage gambling.

  • They can also use BIVE AI to prevent bonus abuse and other forms of fraud.

• Healthcare:

  • Telehealth platforms use BIVE AI to verify the identity of patients and healthcare providers to ensure secure access to medical records.

  • Pharmacies use BIVE AI to verify the identity of customers for prescription medication delivery.

• Rental/Sharing Economy:

  • Platforms like home, hotel and car rental companies use BIVE AI to verify the identity of hosts and renters to ensure safety and prevent fraud.

• Human Resources:

  • Use BIVE AI to verify the identities of remote workers.

  • Use BIVE AI to verify the credentials of potential employees.

• Government:

  • Use BIVE AI to verify the identities of people seeking certain services or payments.

  • Use BIVE AI to verify the credentials of businesses and individuals who are potential recipients of grants, contracts and awards.