ID Verification systems that also evaluate the relevance of social credit.
The compensation funds are private entities that are responsible for administering social security benefits. The compensation funds are directly responsible for paying various benefits and subsidies – in addition to granting social loans and other benefits to their members.
TOC Biometrics solutions are currently applied in the two biggest Compensation Funds in Chile – Caja Los Andes and Caja Los Heroes. They use our innovative technology to verify the identity of their customers and subsequently evaluate the relevance of a social credit. At the same time, it uses our Digital Signature product to formalise the legal commitments made.