Business cases

Background top

Verse is a unique financial services app, bringing together the best of a digital bank, a payments app, and a social network without being any of these things. Thanks to this combination, instead of clients, Verse has built up a legion of fans that grows exponentially day after day. Verse allows us to make and receive payments instantly, securely and for free!

Splitting the bills with friends has never been easier and faster!


KYC / AML regulation

No. of growing users

Demanding user experience


Global KYC / AML legal compliance


Speed, security and simplicity

Born in 2015

Born in 2015

> 3 million users

> 3 million users



The challenges

“Verse is not a bank, it is better”, the startup relies on a blockchain technology that allows them to manage money without depending on a bank, offering a maximum level of security.

However, they must comply with the same KYC / AML legislation that banks are governed by. This is where the first challenge arises, as most end users do not understand why financial services companies need their personal information and are reluctant to provide this type of sensitive data.

On the other hand, since its creation, Verse has experienced a continuous growth of users. They began operating with a user verification solution built in-house, which soon proved insufficient due to the large number of registrations they make every minute.
It should be noted that this growing number of clients is accompanied by higher levels of fraud.

In addition to the legislative pressure and the urgency to verify the identity of an increasing number of clients, they must also offer a fast, secure and easy registration process, which wins over and retains the user from the first second.

The solution

Starting with the three aforementioned challenges, Alice proposed an intelligent, automatic and secure identity verification technology.

Verse now has a solution which is fully compliant with national and international KYC / AML regulations, scalable and automatic, so that they can continue to grow without worrying about the legislation and without compromising the experience of their users. 

In addition, our liveness detection allows them to obtain a higher security and anti-fraud protection, since it does not require any type of action or collaboration on the part of the person who is trying to verify their identity.

Thanks to Alice we are able to onboard our new clients with the least possible friction while strengthening the safety of our community.

Naike Sainz, COO at Verse

The results

Verse now offers its users a smooth, frictionless and automated registration process, which allows them to register in a matter of seconds and without any assistance whatsoever.

The integration with Alice has had a positive impact on Verse’s results. During the last year working together, we have achieved the following achievements:

    • We lowered the false positive rate from 90% to 10%
    • We reduced the registration time from several days to 45 seconds
    • We lowered registration incidents and the abandonment rate to 1%