As businesses move online, traditional verification methods are no longer sufficient. The shift toward digital-first operations has exposed the limitations of paper-based identity checks, manual document collection, and fragmented compliance processes.
For regulated professionals in Australia, the upcoming Tranche 2 reforms make this transition not just beneficial — but mandatory. From 1 July 2026, a new wave of businesses will need to implement robust customer due diligence processes.
Digital verification platforms like Ratified offer a way forward: secure, one-time identity checks that are reusable across services, reducing friction while strengthening compliance confidence.
The Cost of Manual Verification
Manual verification processes create bottlenecks at every stage. Documents get lost in email chains, clients must resubmit the same information to multiple providers, and compliance records end up scattered across disconnected systems.
A Better Approach
Modern verification platforms centralise the entire process — from initial identity checks through to ongoing due diligence and audit-ready reporting. The result is faster onboarding, lower administrative overhead, and stronger compliance posture.