Highly regulated businesses rely on document verification to check the customer’s identity. The traditional method of verifying the customer’s identity is to meet that person face-to-face and manually check the authenticity of the provided document by cross-checking with other documents. Documents verification online makes it as easy as pie. With the help of robust AI technology now, businesses can check a stack of paperwork in a minute.
In the old time, customers had to come physically with plenty of government-issued paperwork, and an employee had to discern all documents, whether these all were authentic or not. These all change as the world takes a step in the digital era, document verification has gone digital. It makes the whole process of document verification smooth and legitimate. This article explains how verifying documents online ensures business security.
Enhance Businesses Security With Documents Verification Online
Digital document verification involves checking the authenticity of all documents important for identity verification, such as passports, government IDs, bank licenses, or other documents. Document checkers online use different digital means to verify the papers’ authenticity, reducing the chance of mistakes. Documents verification online scans the document to verify the security features, including watermarks, unique fonts, signatures, and more. Following are some advanced techniques online document verification service providers use to strengthen the document verification process.
Document Collection Technique
In the digital process, customers don’t have to come physically to drop off the identity verification document. The agent requests customers to send high-resolution pictures of documents for verification. Document checkers online also detect the documents’ format, verify the client the encrypted data, and request them to upload a photo accordingly.
After that, the document verification software ready papers for the next step to check the authenticity. For data extraction, documents must be accurate. That’s why before processing the documents to the next technique, document verification online checks paper boundaries, de-skews photos of the document and enhances the color contrast of images.
Data Extraction Technique
In the next step document verification service uses advanced optical character recognition (OCR). It is a digital technology to extract text from a digital image. It converts all data on the image to be easily readable for the machine. After that, it cross-checks from a wide range of databases. Businesses can also customize these features to extract only the essential data and eliminate other useless information with the help of an AI-based document verification service.
Using AI control document verification software is less time-consuming for businesses. The robust technology of OCR also helps businesses extract and store all data for the future. Employees can also categorize the document according to their needs so that it is easy for them to search for particular information about any customer in the future.
This feature is not available on all document verification software. Only some document verification service providers offer to customize the document verification process. With the help of this technique, businesses can modify the identity verification process according to their company regulations. It will save time and enhance the customer experience, making it easy for customers to verify required documents. They don’t have to capture a stack of paperwork to comply with company regulations.
Customization features of online document verification make it simple for companies to determine documents according to their industry regulations and policies. For example, financial institutes such as banks must verify customers’ identities by verifying driver’s licenses and passports. On the other hand, healthcare insurance companies use document verification services to verify medical insurance and certificates.
Bolster Authentication Technique
To prevent companies from forgery documents and financial scams. Digital document attestation eliminates some documents in the first step if their security features are not matched. If the documents pass from visible security, then document verification online cross-checked the extracted data. Attestation software uses machine learning, which checks these documents thousands of times in verifying. For example, if a company needs passport authentication, they send photos to document verification, online service providers. After that, they compared templates or cross-checked data with various databases. It helps businesses ensure that documents are in the same format and the information is accurate.
Document verification online platforms use various fraud detection methods to identify fraudulent and forgery documents. This can be included analyzing the metadata, detecting similar data with other personal information, and using machine learning algorithms to identify inconsistencies in the data.
Final Thoughts On Documents Verification Online
Document verification is compulsory for businesses to comply with financial industry regulations such as AML or KYC. Online document verification makes this struggling task easy and simple for businesses. Document checker online saves reports of compliance with regulations so that companies can use that as evidence of identity verification.