Document Verification

Identity fraud is a heinous crime that several modern-day industries still face. In 2022, the FTC’s Consumer Sentinel Network received over 5.1 million reports, 46% were related to fraud, and 21% involved identity theft. Only document authentication solutions can help corporations tackle rising scam cases worldwide. This way, companies can…

What is OCR full form in Banking? — OCR is the process of using technology to read characters from printed or handwritten text included inside digital images of actual documents, such scanned paper documents (optical character recognition). OCR’s primary function is to read a document’s text and convert the characters into code that may be used for data…

Document VerificationIdentity Verification Businesses that apply layered digital identity verification that adjusts to specific use cases and markets can strike the right customer onboarding balance of speed and security. Identity verification isn’t one-size-fits-all. Regulatory requirements vary across industries and countries. …

In the modern technology-driven world, document authentication solutions are becoming highly important to take businesses to new heights of success. Cyberattacks, document frauds, and identity theft are on the rise, mainly in the wake of the COVID-19 outbreak. Document verification services can help business experts fight fraud and safeguard sensitive…

March 2, 2023 Document VerificationIdentity Verification Organizations navigating the digital economy can establish trust in customers’ real-world identities and enhance security by layering identity proofing capabilities. The “Market Guide for Identity Proofing and Affirmation” by Gartner® shows how companies face the challenge of balancing digital assurance with user experiences that…

Identity document verification adds a layer of confidence that people are who they say they are during digital onboarding and transactions. During remote onboarding, consumers provide images of identity documents — such as driver’s licenses, passports or national ID cards — and a live selfie for identity proofing. …

With the development in technology, cybercriminals are additionally turning into extra intelligent. Cyberattacks, document frauds, and identity theft are on the rise, mainly in the wake of the COVID-19 outbreak. Analysts estimate that identity theft will rise in the coming years if establishments do not hire protection systems. However, according…

In times when the crypto exchanges are introducing mandatory verification and crypto enthusiasts are trying to cope with inevitable change, scammers aren’t wasting any time. They have started to look for new ways of accessing cryptocurrency. One particular group of scammers is forging documents. …

Passwords are difficult to remember and have ever-more-complex criteria set by individual platforms. They are also the main culprits for data leaks. 85% of data breaches are caused by human mistakes, and credential compromise is a key contributing element, according to the 2021 Verizon Data Breach Investigations Report. …