The Landscape of Internet Penetration
The usage of online platforms is becoming a part of daily routine. Internet penetration has increased heavily in the last decades. According to Statista, as of January 2021, there were 4.66 Billion active users. Now people use the internet for recipes and locations. About all sectors have benefited from the internet and the digital spaces, from education to health and from travel to finance. Getting lectures through video calls, online prescriptions, booking tickets using apps or websites, and transferring funds digitally without signing a cheque are the gifts of the internet.
Playing a physical sport is not seen much at this time. Kids and youngsters prefer to play digital and online games. The reason is they have a more charming interface and attractive gaming environment.
Through social media, a user from Asia can communicate with a user from Canada without any hurdle. A piece of news can be spread to every corner of the world in seconds using social media. In January 2020, there were 2740 million social media users and the number keeps growing.
But the use of digital spaces also has some risks allied with it i.e. frauds and scams. Spotting a fraud and prosecuting a criminal in the real world is easier. Verifying all online users is the solution to this. The most reliable way of identity verification is through document verification.
Document Verification: Digital User Onboarding
The method of verifying someone’s identity by checking his identity documents is called document verification. The process is online and conducted by AI-powered software. There is zero manual effort involved in document verification. Identity verification through documents.
Documents approved by the government are accepted for identity verification such as photo-based identity cards, international passports, and driving licenses. The reliance on these documents is because the government must have issued them after solid physical verification. The identity documents should have the following characteristics rather than government approval:
- Full Name
- Photo ID
- Date of Birth
- Residential address
- Issuance and Expiry Date
For Write For Us Travel Category you can contact us at aclassblogs@gmail.com
Complete Walkthrough of Online Document Verification Service
For extracting data, a character recognition technology is integrated into the document verification software known as OCR. This is a document digitization software used for converting hard papers into soft documents. There is no need for any specified equipment, a user can verify his documents using a mobile phone or PC.
Here is the working of document authentication software for IDV:
- The users onboard on the website by giving their personal details. Normally there is an e-form with textboxes, the users just have to enter the required details into them
- An image of the identity document is uploaded. For biometric recognition, a live facial selfie is clicked
- The necessary data is extracted from the document using OCR
- User-entered data and the extracted information is cross-matched
- Facial recognition is performed on the captured selfie-and photo id
- The verification results are shown to the user screen
Below are the checks performed by the document verification service:
Nationality Check
Some businesses require their customers to be from a specific region, and some give discounts to particular citizens. They need to run nationality checks on their customers. Some fraudsters fake their citizenship to enjoy the discounts.
Age Verification
In this growing digital era, age verification is inevitable to protect minors from the harmful effects of the internet. They can fall prey to cyberbullying, and online harassment. T. As the contribution of kids towards social media and online gaming is more, both these areas need to have a solid age check before registering any user.
Expiry Date
Financial services providers deal with customers’ funds and possess a high risk of fraud and financial crimes. They require onboarding legitimate customers only as mandated by the regulated authorities. Sometimes the document is authentic but is expired, a financial institution can’t onboard the customer in this case.
Wrapping it Up
The internet can be secured by verifying the users and document verification is the best way to do so. Financial institutions can also meet the global IDV regulations through the online document verification service. This will safeguard their channels while giving convenience to the customers.
Contact for Freelance Content Writer in India to get the quality and unique content.
