Document Verification

We can occasionally complicate matters. In many ways, the shift to digital and online identities has put us further away from more conventional methods of confirming identity, including picture IDs and passports. While employing genuine, official documents as part of an identity verification procedure has a lot of advantages, it’s not necessarily a bad step.

Providers have started emphasizing verification as a crucial step in the authentication and identity process in order to combine the advantages of physical document verification with digital platforms.

In a nutshell, document verification is the process of using technology to digitally verify official forms of identification. These types of identification are often used in the US and include passports, driver’s license, and national ID cards.

The process of document validation involves a number of potential validation tests that scan the ID and assess its veracity by contrasting it with data from a database. The following is an example of one of the validation checks:

Facial recognition: 

Identification documents with photographs contain crucial data for identity verification. The capacity to extract visual data from the ID and match it with internal images is a common feature of these identity verification systems.

Data correlation: 

The front and back of many official forms of identification frequently contain related data. To confirm that the ID is authentic and that it refers to a specific user, an identity solution must correlate that data.

Document scanning and fraud detection: 

It’s crucial to have systems in place that can scan documents for important data, such as ID numbers, barcodes, etc., and connect that data to database records. These scanners will also detect forged papers using watermarks or other pattern recognition techniques.

Database checks:

Depending on the service provider, the information on the scanned document will be checked to that of thousands of IDs in a national database. Verification solutions frequently have access to multiple national databases (or protected versions of these databases) to validate these papers. This is because a scan of a national ID would require verification through government databases.

Because more documents typically equate to broader coverage for customers worldwide, several document verification solutions advertise that they can check thousands of different types of documents.

Selfie Liveness and ID Checks:

These solutions frequently involve image checks against user selfies taken on mobile devices as part of sophisticated biometrics and verification. Along with liveness testing to confirm that the correct user is there and avoid spoofing, this will provide instant image comparisons against IDs to connect biometrics and document verification.

Modern vs. Traditional Document Verification: Differences

The traditional techniques of document verification were time-consuming, ineffective, and difficult for customers to use. Prior to the banking industry’s digital transformation, consumers had to go to physical locations to have their paperwork checked in order to open new accounts and apply for loans. Verification of documents according to tradition used to take weeks. The outcomes were also previously incredibly inefficient. False documents that are identical to genuine documents are produced by fraudsters.

However, traditional methods of ID document authentication fall short of achieving 100% efficiency. There is always a chance that their results will be inaccurate. Because of this, traditional document verification is not the ideal strategy for preventing fraud.

Banks all across the world must adopt online document verification to fight the issues with the manual document verification procedure. In order to combat document fraud, it may be useful to use online document verification solutions that rely on machine learning and artificial intelligence algorithms. Technologies for online document verification increase the likelihood of confirming customer documents and reduce the approval of forged documents. The customer experience can also be improved via online document verification.

KYC verification service is also use for this purpose.

The advantages of document validation

The procedure for document and ID verification may be something you are accustomed to. Banks and other companies have been doing it for many years. However, you might only be accustomed to verifying an ID in a physical setting. Customers experience friction, the procedure takes longer, and your organisation is unable to grow as a result.

You can remotely verify the IDs of your customers using a digital document verification system. It’s a quick and easy approach to verify the validity of an ID as part of a remote onboarding procedure. Your ID checks will be more effective and scaled as a result. While making life simpler for your consumers, it safeguards your company from fake IDs.

The issue is that many companies lack the funding, the expertise, or the technology necessary to perform comprehensive document verification. Document fraud comes in a variety of forms, and each one requires a unique way of detection. To recognise and stop the many fraud kinds, it costs time and money.

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