DIRO - 2026 Pricing, Features, Reviews & Alternatives

Every inch of the financial industry is riddled with financial fraud and bad actors trying to break into the defenses of a financial system. Banks, Financial institutions, and others keep putting in money and efforts to keep themselves secure and free of fraud. Regulatory bodies like FinCen and FATF enforce KYC and AML regulations on financial institutions and all the businesses operating in the financial industry.

To detect and prevent fraud banks, payment service providers, merchants, financial institutions and crypto exchanges, and so on need to build robust internal policies. KYC verification, KYB verification, AML verification, online verification of documents, bank verification API, and other services assist in building a strong internal policy to deter fraudsters.

Fraudsters have evolved with technologies and the outdated KBA and manual verification of customer documents and identity isn’t enough to tackle the growing rate of fraud. According to reports, banks in the USA spend over $500 million annually to comply with regulations. By utilizing document verification software, postal address verification service, address verification API and so on, it is possible for financial institutions to keep fraud at bay.

DIRO’s online document verification software can assist verification of online customer documents in an instant. Banks, financial institutions, and others can rely on the document verification API to instantly distinguish between fake and real documents. With the integration of technology into the onboarding workflow and KYC, KYB compliance, banks can enjoy a more secure customer-business relationship while simultaneously increasing the positive customer experience.