Tecalis, the most complete alternative to Veridas

Tecalis has positioned itself as a leading identity verification platform thanks to its comprehensive and highly flexible approach. It offers a wide range of services including document verification, facial biometrics, KYB checks and multi-factor authentication. One of the outstanding advantages of Tecalis is its intelligent risk scoring and bank scraping/reading technology in compliance with PSD3 standards. In addition, Tecalis stands out for its document processing system, being able to analyze all types of documentation (identity or other such as invoices, receipts, deeds, etc.) with structured and unstructured data thanks to second-generation OCR technology with AI.

Veridas, on the other hand, also offers interesting identity verification and authentication solutions. Its services cover document verification and biometrics, similar to Tecalis. Veridas is known for the accuracy and reliability of its access control systems. However, in terms of flexibility and integration, some companies have found that Veridas can be more restrictive, which can be a challenge to adapt to pre-existing systems. Tecalis has a proprietary RPA system to address some events.

When comparing both platforms, Tecalis not only offers the same essential functionalities as Veridas, but also provides additional advantages in terms of flexibility and comprehensive analysis of KYB, KYB and AML due digiligent processes. While Veridas ensures high accuracy and reliability for example in voice biometrics, Tecalis stands out for its ability to better adapt to the specific needs of companies with ad-hoc projects. Therefore, for those looking for a comprehensive and adaptable solution without compromising security, Tecalis emerges as a more interesting or at least equally competent option with additional benefits that can be decisive.

KYB is the acronym for the Know Your Customer process, which consists of confirming that a user who is going to become a customer, employee, supplier, etc. is who he/she claims to be. To do this, a series of questions (KYC Form), anti-fraud controls and documentation and data checks are performed automatically and digitally to enable the registration or purchase operation. It is mandatory in many industries.

KYB is the Know Your Business process: it consists of carrying out a series of controls and checks that must be performed before starting to work with another business, partner, client-company (B2B) or partner. This model automates all the processes carried out in Due Diligence.

Absolutely, Tecalis recommends merging the signature process with the KYC/KYB process. By doing this and Tecalis acting as a unified platform and process, we obtain a double benefit: the greatest possible regulatory support by integrating everything in the same audit trail and the best user experience avoiding abandonment and friction in the process of registering a new user.

Yes, all the functionalities and tools that you can find on our product pages can be integrated independently to streamline and automate any process. Schedule a meeting with a Tecalis expert and we will analyze your activity to propose a solution 100% adapted in price and operational functionalities.

In the vast majority of markets and regions companies are required to perform these controls and use RegTech trust services provided by QTSPs in order to operate. Standards such as AML6, eIDAS 2 or PSD3 in addition to the requirements imposed by regulators such as SEPBLAC, OFAC or other counterpart bodies demand to perform these Due Diligence procedures on the users you work with. 

In addition, having these systems in place will allow you to operate easily, without large investments and without a presence in +500M markets such as Europe by simply integrating agile and affordable technologies into your digital onboarding processes. On the other hand, you will mitigate any risk and fraud attempts before they occur and increase productivity and streamline the work of previously inefficient or costly teams.

These tools are technology platforms designed to automate identity verification and regulatory compliance. They use advanced technologies such as optical character recognition (OCR) and computer vision to extract and validate information from identity documents or directly from the web and generate reports. They incorporate biometrics, such as facial recognition, to compare document images with selfies in real time, ensuring that the user is who they say they are.

In addition, they integrate data analysis and machine learning to assess the risk of customers and companies, identifying suspicious patterns and anomalies. These tools connect to global databases and public registries to verify the legal existence of companies, clients and the authenticity of documents presented or connect with banks, among many other functionalities and options.