ID verification is a process of verifying the person’s details with different documents provided by the person to verify his identity. Verification can be done through different methods like document verification, biometric verification, address verification, etc. In this regard, online identity verification is the best way to verify your customer as compared to manual verification that is a bit insecure.
Online identity verification is a quick and reliable way to verify the business or customer within a few seconds. To verify the identity of a person, the AI-based system just matches the documents of a person like birth certificates, with his provided documents. There are several methods of ID verification. Some of them are listed below:
Face verification is a service that verifies the customer in real-time. Businesses like to use face recognition technology as it takes only five seconds to verify. In this technology, advanced AI algorithms are used to verify your customer. It is one of the best methods as it detects the face with the live camera and also identifies spoof attacks. You can use this product on any platform like (Web API, iOS SDK, Android SDK).
Digital id verification system reduces manual work and gives instant verification within 30 seconds with 98.67 % accuracy. Document Verification is used to verify identity documents, Nationality, Immigration status, etc. using OCR technology. Document Verification can be done in three simple steps. First of all, the end-user uploads photos of the ID documents. After uploading photos, an AI-based algorithm matches the customer’s information, and in the end, verifies documents to give results. The documents of the customer are verified by checking the customer’s name, date of birth, nationality, document issue, and expiry date to check if the documents are original or not.
Address Verification uses different documents like ID cards, passports, driving licenses, utility bills, bank statements, etc. to verify the customer’s details in real-time. End-users upload or take photos of their ID document and address document in real-time. Data from the address document is extracted with OCR and matched against the data on the ID document. Results are displayed in real-time & stored in the back-office with evidentiary proof (photo/video).
NFC Verification uses the NFC ability of a smartphone to fetch the user’s data from an ID document to verify the identity of the user. Nowadays, more than 81 % of smartphones are NFC enabled, so this service is used to verify the identity and login credentials of the user. To use NFC technology, the end-user just needs to upload an NFC-enabled document image, an NFC-based automated system matches the data of the user using the NFC chip, and at the end, real-time results are displayed.
Facial Biometric Authentication
It is used for ongoing KYC that enhances the sign-in process through selfie login. It uses 3D liveness detection to authenticate users with a selfie that eases the login process. It also provides anti-spoof protection, interoperability, fast digital ID authentication, identity proofing, and ongoing transaction authentication. Biometric authentication provides a quick and economical approach to compliance and fraud prevention customized to your business needs in real-time.
On-Premises Identity Verification
This method of ID verification provides businesses full control over their customers by giving them access as a host for verification in real-time. It enhances customer’s trust by complying with data protection regulations. On-Premises Verification is best to use for banks, financial services providers, payment industry, government organizations, and FinTech. To use the On-Premises Identity Verification service, the end-user just needs to install this product and after installing it, the AI experts give them the rights to use this service to verify your customer’s data.