Tips For Implementing Identity Document Verification Technology

 


Identity document verification technology is very crucial for businesses of all sizes, in all industries. This technology is used to establish uniqueness as well as validity of an individual’s identity. It helps businesses to make sure that the identity claimed to be owned by an incoming user or potential client is actually owned by that particular person. Identity document verification can be performed by digital KYC that uses identity documents, biometric information, biographic information, and knowledge of personally relevant information.

Emergence of new technologies like OCR technology, biometric sensors and high-resolution cameras in smartphones has made it possible for businesses to adopt identity verification and digital authentication. Identity proofing is a great tool when it comes to achieving risk-based decision making based on concrete data collected through identity proofing services and solutions.

When you decide to implement identity verification for online chat, it is very important to know the requirements for identity proofing. Depending on the individual or regulatory KYC compliance guidelines, there are a various identifying factors that can be used for identity proofing and authentication. Most KYC solutions require personal details such as a full legal name, social security number/ID card number, current residential address, date of birth as well as personal phone number.

In some cases, even before an identity document verification process starts off, privacy law requires companies as well as governments to collect consent of their users. This consent is important as it allows businesses to collect personal information of their customers only for identity proofing. Several laws have been introduced in various territories that prohibit the use of such collected information anything instead of verification purposes, such as GDPR in EU.

For more information on how to implement identity document verification technology, visit our website at https://authid.ai/

Comments

Post a Comment

Popular posts from this blog

The Benefits of Remote Identity Verification

Image
  You are probably wondering if remote identity verification is the right choice for your business if you are interested in implementing this technology. As sensitive personal transactions move closer to online, remote identity verification becomes more important than ever. In highly regulated industries, like banking, the necessity for remote ID verification is becoming more common due to regulatory compliance with international regulations such as Know Your Customer (KYC). There are many reasons to verify identity, which includes both employee and customer onboarding that call for companies to gather, verify and store personal IDs. Companies have been using identity verification for remote onboarding for years and many industries now use it extensively. This is done so as to establish trustworthiness and to track employee attendance. It is also used in areas like healthcare and government to make sure that the people who hold various key roles within the organization are not enga
Read more

A Look At The Benefits Of Implementing Identity Verification Technology In Your Business

Image
  Implementing identity verification technology in your company is something that you should definitely consider if you have not already done so. This kind of forward-thinking technology has become very crucial for companies that need to run identity verification checks.   It includes things such as face-matching using selfies, liveliness detection, data extraction from documents, auto-checking watch lists as well as automatic scanning for fraudulent documents. Identity verification can help you verify a customer’s identity quickly, something that will in turn help you to cement that all-important trust among your consumers.   Most companies these days use verifiers that take care of the identity verification process through customer documents, checking the KYC watch lists and face-matching selfies. Implementing a third-party verifier can speed up the process because it will keep customer checks on file and enable you to continue to onboard your customers without the need for spendi
Read more

The Benefits Of Digital Identity As A Service Technology

Image
  You may be asking yourself right now, “ what is identity as a service ?”, if you would like to implement this technology in your business. IDaasS is an application delivery model (like software-as-a-service, or SaaS) that makes it possible for users to connect to and use identity management services from the cloud. Many IDaaS systems leverage the power of cloud computing and adaptive authentication in an effort to improve or speed up these business processes. This level of identity and access management computing uses online computer power, database storage, and other IT resources. With identity management, the right people in an organization have the right access to the right resources. Using digital identity as a service technology to properly identify, authenticate, and authorize employees within an organization, these systems use access rights for preventing unauthorized users from gaining access to confidential files or documents. With cybersecurity threats on the rise, ident
Read more