Automate Banking Process with Online ID Verification

Countless industries are adopting customer identity verification processes online instead of the traditional methods. But it doesn’t come as a surprise because nowadays, everyone considers the convenience, dependability, & level of security that online ID verification brings.

What is Identity Verification?

Identity verification basically ensures that there is a real person behind the process. This prevents anyone from carrying out a banking process of other people on their behalf without authorization; thus, it helps to keep them safe from committing fraud. There are many methods & systems to perform offline & online identity verification services. It also depicts that the process may be carried out in different ways depending on how the method is used.

To perform the traditional face-to-face process, a person must present him or herself personally at the company’s location. After that, the person hands over their identity document to a worker to verify the pictures and ID proofs matches with the real `person or not. If it matches, it shows that the identity verification is successful. With the advancement of technology, there are advanced methods to perform the customer onboarding process. As per the present trends, there is an emergence of the online identity process. Organizations have to adapt, since we are living in a digital world. We have to overcome the identity verification problems to make the process smooth.

Video ID Process Verify People’s Identities Online Remotely

With the growing trend of digitalization, there are various online identity verification APIs developed. However, it is essential to know that not all identity verification solutions meet the exact standards needed for most procedures.

In online banking, all eKYC must comply with strict regulations in order to ensure legitimacy & guarantee the company’s & customers’ regarding the anti-fraud safety. Basically, the eKYC process works by verifying people’s identities online. It means it can be done remotely & digitally. Video ID is one of the most advanced verification services. Basically, it uses a solution powered by AI & ML, by using which guarantees security to perform the remote identity verification process. Furthermore, the customers may benefit from this improved online identification process.

How does the online identity verification process actually work?

The customer visits the organization platform, and then they agree on the use of their device camera & microphone to verify the identity. The representative may ask the client to show their ID document. Video ID technology is so great that it automatically analyses its authenticity with the user. Then the user needs to show his face & smile at the camera. In this way, the user’s identity has been verified, and it serves as proof to identify the person. Nowadays, these services are used in a wide range of processes & operations. This is one of the most secure & reliable ways for digitally verifying an identity.

Thankfully, online identity verification solutions can be safely & accurately able to carry out verification identity checks worldwide. With the greater legitimacy of the online ID Verification process than the traditional process, the whole world is improving.

Are you ready to automate your customer onboarding process? ID Verification Online provided by Signzy be put a great benchmark. Signzy has reformulated the limits of innovation to build their trust online. They are highly devoted to delivering a great positive experience for their clients. To know more about the services, explore the website.

We are always there to serve you. Contact us to get the best solutions to make your onboarding process easy!

Signzy is continually working on building global digital trust system for banks, NBFCs, and other famous financial institutions. Their video KYC is being used to onboard thousands of customers every month by SEBI regulated institutions.