Building Blocks of a Secure Identity Verification Process

Identity verification is the process of confirming the legitimacy of a client’s identity until they can do business with a company. Since companies must comply with KYCC and AML procedures, they have to conduct these security checks. Moreover, identifying consumers necessitates cutting-edge technology which, unfortunately, the companies cannot accommodate or maintain. That is why, in order to screen their clients, they employ a digital ID authentication system. So, without further delay, let’s get started on the primary building blocks of the digital ID verification process.

Technologies Utilized in Digital ID Verification Systems

To offer an effective service to their customers, identity verification services use cutting-edge technologies. AI, machine learning, optical character recognition, and other innovations are among them. The majority of their activities, from facial recognition to document scanning, are powered by these advancements.

Here, Optical Character Recognition (OCR) software recognizes and extracts data from scanned identity documents while the application of AI assists every digital security check. As a consequence of their combination, a reliable framework that is more than competent in digitally verifying the identity of consumers is developed.

Run-Through of the Identity Verification Process

Identity verification is a terminology that refers to a set of tools that are used to confirm a consumer’s identity information. They fulfill the demand of every market, spanning from biometrics to document identification to two-factor authentication. The most vital services offered by digital ID verification systems are listed below.

Face Verification

Face recognition tool is used in identity verification services since it allows consumers to be verified digitally. In this digital age, everyone is in possession of a mobile phone, and every device has a high-resolution camera. As a result, it’s a no-brainer for the global identity verification market to use biometric scanning technology to validate the identity of end-users. Here, the user’s face is compared to a photograph on their identification card. The authentication of users is conducted against all known types of spoof attacks using liveness detection.

Document Verification

The document authentication service verifies the person’s details online, eliminating the need to hold documents and visit the verification location. During the sign-up process, the user enters their details and uploads a photo of a government-issued identification card. They may even position it in front of the webcam. Alongside that, the presented information is compared with the document. Besides that, to ensure optimum authenticity, the document’s validity is verified using ML and AI technologies.

Address Verification

The very same software powers the address verification tool as the document validation service. Any government-issued identification card with your signature, issue date, and name will suffice. Furthermore, the document should be within the date of expiry. The full name and address on the paper, as well as the date of issue, are validated during this process.

Consent Verification

Consent is essential in all fields. This ensures that both consumers and businesses have a meaningful and productive experience without any coercion. It ensures that the customer will not break their word that they made with the company. It also enhances the integrity of the entire ID authentication procedure. Users, on the other hand, are assured that their rights will not be abused by the company.

Here, the customer shows their face to the webcam, as well as a handwritten or typed message, during the consent verification phase. In addition, the above-mentioned note displayed by the user should be written in legible handwriting, and visible to the webcam. Furthermore, the identity verification tool performs data extraction and scans for the user’s liveness. Thus, at the end of the process, the user’s consent is officially recorded by the business.

2-Factor Authentication (2FA)

Organizations who just choose to validate the credentials of the customer via two-factor authentication can still employ identity verification solutions. Here, an authentication code is sent to the users’ mobile phones as part of the authorization process. The user receives an automated code on their given mobile phone number to conclude the authentication process. More than that, organizations can combine this function with other ID authentication checks.

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