A physical address is an essential element for business as it makes up the identity of a customer.
It is a reason making address verification to be among the basic requirements for KYC/AML checks. Businesses should verify the addresses of their clients, vendors, and others to confirm their authenticity. Verification minimizes the risk of fraudsters and allows the performing of due diligence.
How do you get accurate real time address verification? Cognito has made it simple by providing an address verification API solution with many benefits for a business. Cognito service is different because it offers an automated secure and real-time tool. Online address verification starts with a simple name and phone number. The verification leverages data from credible, trustworthy sources to validate real-time current and historic address data. If you are looking for real time address verification, visit this website.
The fast, secure and accurate solution suits KYC/AML compliance and business performance. The tried and tested automated solution helps overcome any challenges a company or an organization faces with address verification.
Why use Cognito real-time address verification? Cognito lives to the purpose of address verification by verifying, correcting, and standardizing customer addresses using API. APIs have several ways of assisting with reliable verification and validation.
The API solution helps companies to enable:
- Accurate pinpoint of geo-coordinates
- Normalize street address data to USPS standard
- Verify shipping addresses around the country in real-time
- See last 15 customer associated addresses
- Estimates of when a client lived at the address for easy identification of person place connections or any potential fraud scheme
Cognito solution validates and verifies addresses by pulling them from trusted data sources to authenticate current and previous information about a customer′s address. Some of the sources that it derives data are credit bureaus, government and financial institution records.
Cognito also initiates usability of incomplete or imperfect data using robust algorithms that find areas with similarity and connection with structured data.
Cognito solution helps to propel companies into an elevated level of customer service, compliance, and performance. It serves a variety of purposes to streamline the delivery processes. Eliminate unnecessary spending, improve onboarding conversions or minimize fraud. Cognito has real time address verification products to do one, few, or all the above. Cognito representatives provide information that helps in finding an API solution that suits a business.
Read a similar article about address verification API here at this page.
