[kornish]

Congrats on the launch!

Do you verify consistency of components on a license through access to a DMV database (e.g. name matches address matches license number) or is this closer to a surface-level check of subtle visual indicators present on a license? Watermarks, holograms, etc.

Curious if the core asset here is a well-trained CV model, or if there's a data/partnership moat as well.

[sinalet]

Thanks and great question! Our patent-pending fake ID detection provides an additional layer of fraud prevention on top of the surface-level checks of visual indicators that are typical in online ID checks. This gets closer to a DMV database check without the high cost (several dollars) of checking against motor vehicle records.

[kornish]

Gotcha, thanks! When you say "provides an additional layer of fraud prevention", you mean you're verifying against some external service like Checkr or something?

If not, very curious how you solve for false negatives in your KYC. That itself is a meaty problem domain. I remember when Coinbase was scaling, tons of folks were complaining about being unable to access funds because they were told that they weren't providing proper identifying information, even when they were, in fact, were.

[TazeTSchnitzel]

If it's easy to check the database and they don't, wouldn't that be negligent?

[londons_explore]

"Your Honor, Mister Evil here laundered $270Million of drug money through our service, but there was no way for us to know that when he signed up with the false name 'Mr Boobyface', and we didn't want to pay $2 to check if the name was valid. We're an innocent bystander here!"