Document Verification Process – An Authorized Method to Verify Identity

There are numerous techniques available for document verification, and it all depends on the scenario where they are applied. Industries should use the highest level of verification to identify the origin of the document. The COVID-19 pandemic changed everything from being manual to being digital, especially in banks and other financial institutions. Businesses use official identification certificates issued by the government as well as digital identity verification to confirm the identities of the customers or companies. Some identity criteria include complete name, date of birth, address, and image on the documents, matched during the document verification procedure.

What Is Meant By Document Verification Process 

The goal of the document verification procedure is to confirm the authenticity of the documents while taking note of certain identification marks like watermarks. The government-issued identity documents can be uploaded for verification using the face-to-face authenticity method.

What is Document Verification?

Identity documents such as passports, national identification cards, state government papers, utility bills, and tax statements are authenticated in the document verification process. Documents with an original photograph of the user are taken into account in the verification process, to ensure guaranteed identity verification and reduce the risk of imitation.

How does Document Verification Work?

A complete document verification process consists of three core steps which are mentioned as followed:

Submission of User Information

The document verification solution triggers the user to scan their identity documents via smartphone or webcam and upload them to the platform. The verification system gets customers’ submitted documents at the back-end in a photograph form with their image on it. In order to compare the image placed on their submitted documents the user has to submit their selfie as well for the further identification process. 

Credibility Evaluation

All the information or data submitted by the customers undergo a number of checks to verify that the provided information is authentic. Also, verify against the documents are forged, tempered, or photoshopped. After, the photograph is provided by the customer and is compared with the image on the documents. 

Results and Verification

After verification of documents regarding the customer credential. Results about customer identity legitimacy are shared with customers. 

Document Verification of Components

Document Authenticity 

in order to authenticate the legitimacy of documents, such as holograms, rainbow prints, MRZ codes, document edges, tampering, and photoshopped content, in order to confirm the legitimacy of the document.

The documents listed below are not valid for the authentication procedure:

Illegal Documents

These kinds of documents lack official stamps, holograms, and signatures and are overall fake, they are not issued by any government department.

Wrong Documents

Physically stolen documents or those accessed through electronic means may belong to someone else. Criminals try to use these documents to penetrate the system.

Tempered Documents

A legal document that has been modified or photoshopped without the approval of the government, for example, someone changes the date of birth or address.

Significance of Document Verification

Automated Identification

User identification verification manually is obsolete. Automated processes can greatly reduce the overall cost and effort by using digital document verification to verify the user’s identity.

AML and KYC Regulations

Anti-money laundering (AML) and Know Your Customer regulations can be met through document verification in preventing cybercrime.

Identity Theft Prevention

Having online documents verified protects businesses from cybercriminals and identity thieves misusing the identities of their customers.

Digital Customer Onboarding

Since document authentication incorporates intelligent solutions, remote customer identity verification is reliable since it determines whether an onboarding customer poses a threat to the organization.

Which Sectors Can Advantageous

Some of the business sectors that can benefit from document verification:

  • Healthcare Industry
  • E-Commerce 
  • Real Estate
  • Legal Sector
  • Insurance Sector
  • Cryptocurrency Market
  • Travel Businesses

Final Remarks

Frauds involving documents are one of the most common frauds in the world today. Money laundering and corruption are serious crimes committed by fraudsters using fake identity documents. A national identity card or driver’s license, an education degree, a passport, etc., are all important pieces of identification.

Most industries work online nowadays, so when it comes to the digital onboarding of customers, organizations must check a number of identities, including document verification, in order to validate the identity. It enables customers to easily onboard with a comprehensive document verification process that only takes a few minutes.

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