KYC processes in place are essential if you’re looking to buy an OFP Funding account.

The user is asked to take a photo of their government-issued identity document and a simple selfie. This can be completed on a device and platform of their choice, as Veriff supports iOS, Android™, and mobile web.

Veriff guides the user through the entire process with real-time feedback and automatically identifies the document type, so the user doesn't have to manually enter data. This makes the process quicker and minimizes typing errors.

The user is asked to take a simple selfie and Veriff’s Assisted Image Capture lets them know immediately if there’s something wrong with the image. We quickly detect liveness and realness without asking users to move unnaturally or follow complex instructions.

Your ID documents are used to verify your identity and your age to ensure that you are a welcome user on the platform you are trying to access.

Each government and regulatory body has its own list of OVDs for KYC. However, generally speaking, there are three different types of KYC documents. These are identity proof documents, address proof documents, and income proof documents.

Identity proof documents are used to confirm that the individual is real and is legally allowed to access a service. Generally speaking, an original of one of these 3 documents is considered an OVD for proof of identity purposes:

The document you can provide will depend on the service you’re attempting to access.

In order to be valid for KYC purposes, an identity proof document must contain the following pieces of information:

If you need to prove your identity before you open a new account with a business or access a service for the first time, you can usually provide any (or more than one of) the following documents:

National identity cards (sometimes also known as national identity documents) are compulsory in around 100 countries worldwide. In a further 100 countries around the world, national ID cards are issued on a non-compulsory basis.

However, it must be noted that some countries do not issue ID cards at all. Notable examples include Australia, Japan, and the United Kingdom.

Passports are official travel documents that are issued by the government. These documents are designed to confirm the personal identity and nationality of the passport holder. It is typical for passports to contain the full name, photograph, place and date of birth, signature, and the expiration date of the passport.

Although driving licenses are used to confirm that an individual is allowed to operate one or more types of motorized vehicle, these documents can also be used to verify identities. This is particularly true in countries that do not issue mandatory national ID cards.