Verify Identity is an identity verification solution designed for financial institutions to detect false and synthetic identities during the account opening process. The product provides a real-time assessment of an applicant's identity using data from the National Shared Database Resource, which aggregates deposit performance data from over 2,500 financial institutions. Core capabilities include: - Identity Confidence Score: A predictive analytical score indicating the likelihood that an applicant is presenting their true identity credentials. A lower score corresponds to higher risk. - Synthetics Indicator: Flags potential issues with specific pieces of personally identifiable information (PII) to detect synthetic or manipulated identities. - Identity Attributes: Contextual attributes for each identity element associated with the inquiry, enabling more informed risk assessments. - Verify SSN: Confirms whether an applicant's name, Social Security number (SSN), and date of birth (DOB) combination matches a legitimate Social Security Administration (SSA) record, and checks whether the individual is deceased. Available to financial services organizations only. Use cases include new consumer account opening, new account opening for business-associated individuals, new lending product accounts, and synthetic identity screening. The solution is delivered via API and is positioned for integration into digital application workflows to facilitate real-time identity decisioning.