Identity Document Verification – For Remote Client Onboarding And Fraud Prevention

Fraudulent financial transactions and cybercrimes are rapidly increasing among online business platforms. On the other end, document verification solutions have become more popular. With the incorporation of enhanced technology, the ID document verification solution verifies the customer’s authenticity with identity documents. It becomes easier to accurately process and authenticate identities on a large scale.

What Is Document Verification?

Document verification is a process used for verification of end-users identity by authenticating their ID documents that include ID cards, driving licenses, and passports.

Digital Document Verification

Artificial intelligence-based document verification solution is integrated with online business applications. Whenever the end-user performs the onboarding process, the system requests the customer to capture and upload an image of their identity documents in real-time. The system screens the document and extracts the information with OCR technology. The information collected from the ID documents is then authenticated against government verified data records. After successful document authentication, the end-user is verified and is granted access to the system. Only government-issued ID documents are used for verification. The system detects fake or tempered documents and rejects them.

Manual Document Verification

In the manual document verification process, the end-user is required to submit his identity documents. An employee checks the information on the document and compares the image on the document with the end user’s face. It helps them to ensure that the end-user is not an impersonator.

Types of Document Frauds

Scammers use various methods to create fraudulent documents and steal the identity of others. However, digital document verification helps in the detection and elimination of such frauds. Following are types of document fraud commonly used by criminals to fake their identity:

Fake Documents

Fraudsters use illegitimate documents that lack the attributes of original documents. The features include stamps, holograms, watermarks, and other standards of the ID global document.

Stolen Documents

These documents are neither tempered nor forged but stolen. Criminals use stolen documents to authenticate themselves as legitimate customers and bypass the verification process.

Counterfeit Documents

Authentic documents are modified to fool the verification process. They are altered in such a way that can easily trick the human eye. But, digital document verification detects modified documents by analyzing the fonts and writing style of the document.

Process of Digital Document Verification

Artificial intelligence-based document verification solution inspects the various characteristics of the ID document to verify the identity of end-users. Following are the types of checks performed on the documents:

Originality Check

Machine learning and artificial intelligent algorithms ensure that the document submitted by the end-user is genuine during the verification process.

Format Check

AI-based verification solutions have the capability to verify the exact format of ID documents.

MRZ Code Verification

With the help of artificial intelligence, the originality of the MRZ code is evaluated whether is changed or modified in the ID document. After successful authentication of documents, the MRZ code is decrypted and matched against the information on the document.

Folded Edges check

AI integrated software detects the folded or crumpled edges as it affects the authenticity of the document.

Modification Check

As AI algorithms are trained on accurate data, it becomes easier for the system to detect even a change of a single-pixel in the document accurately.

Hologram Check

There are unique holograms on government-issued identity documents. digital document verification solution has the potential to identify a minor sign of forgery in the holograms.

Special Paper And Ink Check

Government-issued identity documents have special ink and paper to prevent identity fraud. Digital document verification has the ability to authenticate the unique ink and paper on the documents.

Micro Print Check

Microprint is added as an additional security layer on govt-issued ID documents to deter frauds. AI analyzes the micro print to authenticate documents.

Advantages of Digital Document verification

Digital Online document verification helps businesses to perform customer onboarding and verification remotely. It prevents fraud and ensures a frictionless customer experience. compliance with regulatory requirements becomes easier through customer verification. Following are the advantages of online document verification:

Speed And Convenience

Manual document verification is a time-consuming, and costly, process. With digital document verification, end users can verify their identity by submitting the picture of their ID documents such as passport or ID cards.

Onboard Legitimate Customers

Identity verification is important for digital businesses to onboard honest customers. Due to a lack of adequate security protocols, customers abandon the process of account creation. ID verification empowers businesses to comply with global regulatory requirements and prevent risks of identity fraud.

Conclusion

With the adoption of AI-powered client document verification services, businesses can deter identity frauds and save themselves as well as their customers from the losses that are caused by online identity thefts.