Five ways Vouchsafe saves organisations a ton of money
Vouchsafe’s ease of use and accessibility to everyone brings a heap of benefits to organisations that use it.
Vouchsafe is unique among identity verification tools in that it’s usable by practically everyone in society.
If you don’t have the photo ID you need to use a service, you can ask for help from someone who has.
Vouchsafe isn’t only for people at society’s fringes. It’s an easy way for anyone to prove who they are. This unique blend of ease-of-use and radical inclusivity means Vouchsafe can save organisations of all kinds an awful lot of money.
Here are five ways it does that.
1. Easy verifications
Vouchsafe can improve the efficiency of your identity processes and workflows. Validating people’s identities is a notoriously intensive process. This has been eased to some extent by the rise of digital verification providers, but these don’t reach people who struggle most to prove their identity: 1 in 5 of the population.
Trickier cases can be extremely resource-intensive and time-consuming for organisations to resolve, grappling with paperwork, advising customers on alternative forms of ID, chasing up users who’ve put their application to the side, answering queries, and even doing in-person checks.
It’s important to note that these aren’t fringe cases. Around 11 million people in the UK lack basic forms of ID they need to make verification easy.
2. Reduced risk of fines
This benefits spins out of the simplification of verifications across the board. When you simplify the verification process for tricky causes, you have a much-reduced and simplified audit trail, all in one place. Vouchsafe makes it easy to show compliance, mitigating the risk of penalties.
3. Fraud prevention
Identity fraud has been on the rise for years, but with the cost of living crisis, it’s at an all-time high.
This has brought an equally marked increase in fraudulent applications. Vouchsafe has anti-fraud measures built in, including:
facial recognition checks on the referee
robust background checks
fraud detection algorithms
Unlike other identity providers, Vouchsafe not only reduces fraud, but crucially it reduces the incentive for fraud by making it easy for everyone to prove their identity through legitimate means, including people with thin credit files.
4. Lower cost of customer acquisition
We’ve built one of the simplest user journeys to verify identity on the market, even in cases when a vouch is needed.
We reduce cost of customer acquisition by making it quick and easy for new customers to sign up.
This improves conversion rates, especially among those who would usually hit ID-related roadblocks when trying to sign up.
5. Halo effect
We built Vouchsafe because we’re radical when it comes to inclusion.
When a business, charity, or government organisation can legitimately claim that anyone can verify their identity with them, this will enhance the trust and reputation of the service in the eyes of users, and especially informed and influential users.
No marketing BS: you can say it because it’s true.
Interested in using Vouchsafe? Visit vouchsafe.id to join the waitlist.