The digits document verification is used by businesses, government agencies and financial institutions, to confirm the identity of the users. The companies can certify that the same client is trying to log in to the identity, the scanners are very advanced and they immediately detect irregular activities. The businesses reduce their miscellaneous expenses through these solutions, as they do not have to pay the office bills and the employees’ salaries.
Importance of the AI Document Verification
The verification of the identity document builds the trust of the customers and protects them against identity theft. The companies perform the document verification services during the onboarding of the users, to ensure the streamlined registration of the customers. They defend businesses from fraud and data breaches. The companies verify documents of the user to certify that the identity of the clients is authentic. The organizations streamline their activities through these solutions.
Working on the Document Verification
The working of digital document verification depends upon the type of businesses and the products that they are dealing with. The following steps are most commonly involved in the authentication process:
- Document Collection
The first step is the collection of the documents, the clients submit high-quality images or videos. The Artificial intelligence tools perform the pre-processing of the papers and prepare them for further steps. They set the boundary of the images and improve their quality so that it is easily readable.
- Data Extraction
The system extracts all the required data, the information which is not needed is extracted at the moment. Optical Character Recognition (OCR) is used to pull out all the required material and convert it into a form which can be further processed.
- Paper Validation
In this step, the data validation is done, and the system compares the data given by the client to the government database. This is done to control the fraud and the data breaches. If the user has given the fake papers, then they are immediately noticed.
- Data Authentication
For the clients who have given a valid record, a green flag is shown to them. The red flag is displayed for the customers who have given fake or photoshopped papers.
How Digital Document Verifications Are Better than Traditional Ones?
Physical paper authentication is an old method, in which in-person verification is done. This usually involves face-to-face verification or the employees manually recording the data of the customers. This is a gradual process, prone to error and the clients are exposed to fraudulent activities. While the digital means for the verification of documents are very reliable, as artificial intelligence tools are employed in it. Companies can streamline their operations through these tools. As these means are very swift and seamless. Businesses are using these solutions to increase their security.
Industries that are Using the Digital Document Verification
- The usage of biometric solutions is increasing daily, companies have to ensure that they are compliant against data breaches. Especially in the financial sector, the banks must have to onboard the users after proper authentication. Otherwise, they have to face the complications. The advanced tools measure their risk rate and continuously monitor their activity. This feature enables the companies to keep an updated record of the customers so that they can build better relations with them.
- In the healthcare sector, the hospitals can register their patients and paramedical staff through advanced tools. In such an industry, a slight delay can lead to risk to the sufferer’s life. Therefore it is suggested to use the advanced tools so that the patients do not have to wait for their turn.
- In the e-commerce industry, these solutions act as an age verifier, they allow only valid users to bypass the security. The companies can control the activity of the customer and certify that any illegal person is not trying to get access to the account. Some products are not good for the health of the children such as alcohol and tobacco. The government has banned access to such things for minors, therefore the retailers must have to use these age barriers, otherwise, they have to bear penalties.
Digital document verification allows only valid clients to bypass the account, the algorithms of the biometric solutions are very strong. It is impossible to decode them, businesses can regulate their daily operations through these tools. They ensure swift speed and save the time of the users, the companies require less staff, as all the services are performed by the latest technology. It is impossible to succeed in this contesting environment, without the compliance of the Know Your Customer (KYC). The organizations can secure their credentials through these tools and can even reach international clients through them.