Email Verification

Email verification is a process designed to check if the person’s email is active and valid, as well as if it actually belongs to the person conducting this process. It’s similar to other verification measures, such as phone verification, where the principle is the same, but the identifying data point differs. Email verification is widely used as a fraud prevention tool across financial institutions or industries like e-commerce, where the risk of fraud is higher. It helps combat issues such as account takeovers, multi-accounting, and other activities that violate platform guidelines.

Frequently asked questions

1

How Does Email Verification Work?

Arrow

The process of email verification depends on the particular use case. However, entities like banks, fintechs, and other regulated businesses, where identity verification procedures are mandatory, use emails as a second layer of verification in the standard Know Your Customer (KYC) or Know Your Business (KYB) verification process. 

For example, a user can be asked to upload their government-issued ID document, then submit their phone number and receive a confirmation code to their phone as a final step to complete the verification. After the user completes these steps, the verification system, typically which is fully automated and remote, either confirms or rejects this registration, allowing or denying access to a certain platform online.

2

Can Emails Be Used for Reverification Purposes?

Arrow
3

Why is it Important to Verify People’s Emails?

Arrow
4

What is a One-Time Password?

Arrow
5

What are the Main Benefits of Email Verification?

Arrow

Save costs by onboarding more verified users

Join hundreds of businesses that successfully integrated iDenfy in their processes and saved money on failed verifications.

X