Which AI model does Veriff use?

The maker of Veriff does not publicly disclose which AI model sits underneath. Own machine learning models; according to the privacy statement, data is also used for training and annotation of Veriff's own algorithms, so make arrangements about that. ISO/IEC 27001:2022, SOC 2 Type II. Data location not stated in the privacy statement: check with the provider.

How much does Veriff cost?

On request (self-serve and enterprise). Check the current price on the provider's website; prices change often.

Veriff is aimed at banks and fintech. It fits work such as identifying and verifying customers during onboarding (KYC/KYB, document checks, liveness), monitoring transactions for money laundering and terrorist financing and reducing false alerts, and screening customers and payments against sanctions lists, PEPs and adverse media.

What should I watch out for with AI in banks & fintech?

You process identity documents, biometrics and transaction data: choose providers with EU data location, ISO 27001 and a data processing agreement, and ask whether customer data is used to train the provider's models. Outsourcing critical processes falls under the DORA and EBA rules, so secure exit and audit rights in writing. Creditworthiness assessment of natural persons is a high-risk application under the EU AI Act. For transaction monitoring, the supervisor expects you to explain why an alert is or isn't triggered, a human to decide on a report to the FIU, and that you test the model for unequal treatment of customer groups.

Home / Banking & fintech / Veriff

Veriff OÜ (Tallinn, EE)

Veriff

Estonian identity verification platform: document checks (12,500+ documents), passive liveness, AML screening against sanctions, PEPs and adverse media, address verification and Know Your Business.

Go to the website Veriff alternatives

Shared spot4of 14 professional tools with a GDPR profile in banking & fintech

GDPR: Good

Provider based in the EU
Publishes certification/GDPR safeguards

Each tile is a professional tool in banking & fintech, with the strongest GDPR profile on the left. 7 professional tools, like Veriff, have a Good profile: they share this spot. Click for that tool.

Priceon request (self-serve and enterprise)

Free trialYes

Based inTallinn, EEEU

ModelNot publicproprietary machine learning models; according to the privacy statement, data is also used to train and annotate Veriff's own algorithms, so make arrangements about this. ISO/IEC 27001:2022, SOC 2 Type II. Data location not stated in the privacy statement: enquire.

Last checked: 11 October 2026 · How we check

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What it does

Document/ID verification (230+ countries)

Passive liveness detection

Biometric authentication

AML screening (PEP/sanctions)

Proof of address

KYB / business verification

Age validation and estimation

Fraud intelligence including deepfakes

Comparable in banks & fintech

Signicaton request

IDnowon request

PascalFree €0 (50 searches/month)

Klippa (Doxis AI.dp)€25 free credit

Fourthlineon request

Salvon request

All 14 professional tools for banking & fintech

Compare Veriff

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Underlying model

its own machine learning models; according to the privacy statement, data is also used to train and annotate Veriff's own algorithms, so make arrangements for this. ISO/IEC 27001:2022, SOC 2 Type II. Data location not stated in the privacy statement: ask.

GDPR check for banks & fintech

Questions about Veriff

AI for banks & fintech

Which AI model does Veriff use?: The maker of Veriff does not disclose which AI model sits underneath. Proprietary machine learning models; according to the privacy statement, data is also used for training and annotating Veriff's own algorithms, so make arrangements about this. ISO/IEC 27001:2022, SOC 2 Type II. Data location not stated in the privacy statement: check with the provider.
How much does Veriff cost?: on request (self-serve and enterprise). Check the current price on the provider's website; prices change often.
Who is Veriff for?: Veriff is aimed at banking & fintech. It supports work such as identifying and verifying customers during onboarding (KYC/KYB, document checks, liveness), monitoring transactions for money laundering and terrorist financing, reducing false alerts, and screening customers and payments against sanctions lists, PEPs and adverse media.
What should I watch out for with AI in banks & fintech?: You process identity documents, biometrics and transaction data: choose providers with EU data location, ISO 27001 and a data processing agreement, and ask whether customer data is used to train the provider's models. Outsourcing critical processes falls under the DORA and EBA rules, so secure exit and audit rights in writing. Creditworthiness assessment of natural persons is a high-risk application under the EU AI Act. For transaction monitoring, the supervisor expects you to explain why an alert is or isn't triggered, a human to decide on a report to the FIU, and that you test the model for unequal treatment of customer groups.

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