Payments giant Stripe has launches a tool to help businesses with identity verification.
In Brief:
Stripe has launched Stripe Identity which will help businesses confirm the identity of their customers.
It will work across over 30 countries, and help firms with KYC laws.
The tool should also help reduce instances of fraud and account takeover.
What does this mean?
The ID verification tool is based on Stripe’s own onboarding and compliance infrastructure, but it can now be used by other businesses, with Stripe saying it can be rolled out within “minutes”.
