Verif-y

Based in Philadelphia, Verif-y is a digital identity and credential verification company that provides a user-centric platform for individuals and organizations. The company was founded in 2016 by Ed Zabar, who currently serves as the CEO. Zabar's background in investment banking, where he witnessed the negative consequences of inaccurate credential verifications, directly inspired the creation of Verif-y. His extensive experience includes serving as a turnaround CEO for a UK technology firm, senior roles at investment banking firms in New York and Philadelphia focusing on technology, media, and telecom, and co-founding two other technology startups.

Verif-y's core business revolves around providing individuals with control over their own verified digital identities, allowing them to manage who can access their information. For its organizational clients, the company offers a suite of services designed to streamline compliance, reduce costs, and accelerate verification processes. The business operates in sectors such as financial services, healthcare, education, and government, offering tailored solutions like Know Your Customer (KYC), Know Your Business (KYB), and compliance with regulations like HIPAA, GDPR, and CCPA. Revenue is generated by providing these verification and data management services to organizations.

The company's AI-powered platform offers a range of products including identity verification, document digitization and automation, and secure data storage. A key feature is its ability to give end-users control over their Personally Identifiable Information (PII), enabling them to grant and revoke access as needed. The technology supports over 10,000 types of identity documents across more than 210 countries and territories. For the education sector, Verif-y provides a centralized repository for academic transcripts, ensuring records are accessible even if the issuing institution has closed. This service digitizes and automates the exchange of academic records, reducing administrative burdens for institutions while giving students secure control over their data.

Keywords: digital identity verification, credential management, KYC solutions, KYB services, compliance technology, user-centric identity, PII management, document automation, AI-powered verification, secure data storage, identity and access management (IAM), financial compliance, healthcare compliance, education credentialing, government verification, transcript exchange, background checks, data privacy, fraud prevention, regulatory technology