Identity verification document goes beyond identification but falls short of authentication, which we’ll cover in the next section. When we’re asked to provide our driver’s license, Social Security card, birth certificate, or another form of identification, it’s usually for identity verification rather than authentication. This is roughly akin to someone claiming the name “John Smith,” us inquiring if the person is truly John Smith, and us accepting the person’s response of “Sure I am” (plus a little paperwork). This is, at best, a rudimentary kind of identification verification.
We may extend the scenario by validating the form of identification—say, a passport—against a database containing an extra copy of the information it includes and matching the photograph and physical specs with the person in front of us. This may bring us closer, but we’re still not at the degree of assurance that authentication provides.
Not only in our human relationships but also in computer systems, identity verification is used. When we send an e-mail, for example, the identification we offer is assumed to be true without any additional procedures to verify us.
HOW DO I CONFIRM MY IDENTITY?
Identity verification guarantees that a procedure is being run by a real person and that they are who they say they are. This stops persons from acting on behalf of others without their permission, creating false identities, or committing fraud.
Offline and online identity verification services can be performed using a variety of methods and technologies. As a result, depending on the channel and the method employed, the identity verification procedure can be carried out in a variety of ways.
An individual must directly and physically present himself or herself at the company’s location (store, branch, commercial office, etc.), institution (tax agency, employment service…), or organization for the traditional face-to-face approach.
They must then hand over their identity document (passport, driver’s license, or equivalent) to a worker or agent, who will check (in most circumstances visually) that the ID image matches the person handling the document.
The identity verification is successful if both of them match according to the agent.
To finish the process, the agent may create a copy of the ID, require the individual to fill out a form, and perform any other controls the agent or corporation deems necessary to verify their identification.
If the verification process is successful, the identified user is finally ready to continue with their plans.
WHAT DOES AN ONLINE IDENTITY VERIFICATION ENTAIL AND HOW DOES IT WORK?
Various types of online identity verification APIs have been created over time.
It’s vital to note, however, that not all online identity verification services and solutions meet the legal requirements for most procedures (particularly financial sector operations) to ensure their legality, safety, and confidence.
The usage of photos and selfies is one of the approaches for remotely verifying people’s identities that does not meet the acceptable security criteria. This is a method that is typically used to find people for low-risk activities because it is inconsistent and unpredictable.
In reality, ETSI has established a global standard for identity evidence by recognizing video identification as the sole legal online global identity verification technique.
The online customer identification process (or eKYC) in online banking and other financial organizations must adhere to tight requirements to ensure their legitimacy and safeguard your company’s and customers’ anti-fraud safety.
The eKYC procedure verifies people’s identities through the internet. This entails working from a distance and using technology. As a result, the eKYC procedure is where ensuring a secure and effective customers identity proof plays the most important function.
The streaming video identity verification procedure, such as VideoID, is the only online identity verification process that conforms with all legal rules necessary in the eKYC process.
What is the procedure for online identity verification?
The customer goes to the website, app, or platform of the company, organization, or institution.
The customer consents to the use of the camera and microphone on his or her smartphone to authenticate their identification.
He or she is required to produce both sides of the identification paper. VideoID technology analyses its validity and parity with the user automatically.
Later, the user smiles at the camera and displays his face.
If necessary, the video KYC is validated by a team of skilled agents in a separate process.
ONLINE IDENTITY VERIFICATION IS REQUIRED WHEN AND WHERE?
The following processes require online identity verification to guarantee users’ identities and give the greatest level of security and legal support:
Banking and finance include everything from opening a bank account to banking and financial procedures of any type, as well as online sales and transactions.
Telecommunications and insurance industries: product and service procurement, as well as online transactions.
Apps and online platforms: Logging in to a website or app, second-factor authentication, facility, and building access, hotel check-in, customer registrations, and so on.