Document Verification Solutions – Ultimate Ways For Industries to Combat Fraud


Every industry from e-commerce to finance must ensure that they are dealing with the right customers. Firstly, this is what regulations mandate, and secondly, industries need it to carry out authentic assistance. Failure in doing so can cost hefty fines and exposure to fraud risks. But not every industry can afford accurate verification mainly due to a lack of resources. However, there are other ways to back the industry’s verification process   

Digital document verification solutions are services that counter all identity-related problems. These are cost-effective and provide more accuracy than manual verification methods. Digital solutions help businesses fulfill regulatory compliance while enhancing customer satisfaction. This is mandatory because clients are less likely to stay on the platform if they don’t feel secure about their information. Furthermore, if the process is lengthy, abandoning the process is what industries should expect. 

Documents for Identity Proof and Address Verification – What Do the Platforms Require

Name, date of birth, and serial number are not the only data that serves as identity proof. For authentic document attestation, businesses require more information. Furthermore, these requirements vary from one industry to another. For instance, the financial sector does not use the exact information as e-commerce. Requirements also depend on what the country mandates. One requirement is that the documents should be latest and not older than three months. Various documents, however, fall under the general category and are required to be submitted by every sector.  These are:

For Identity Proof 

  • Govt-issues ID Card
  • Green Card
  • Nationality
  • Drivers License
  • Passport
  • Debit or Credit Card Details

For Address Verification

  • Employment Letter
  • Insurance Details
  • Tax Bills
  • Utility Bills
  • Rental or Ownership Agreement
  • Bank and Credit/Debit Card Statements

After customers upload the required documents the system runs the scan and extract data by using OCR technology. This way businesses can ensure KYC compliance while attaining the following data:

  • Full Name
  • Serial Number
  • Expiry Date
  • Date of Birth
  • Residential Address
  • Picture of Customer
  • Nationality

How to Verify Documents – AI and Machine Learning Scaling Process

Customers enter the required information and upload documents for identity proof to support as evidence. After this, the AI and machine learning technology carry out ID document verification. In this process, the technology checks various elements. These include:

Identification of Format

Criminals often use legit formats to make fake documents. These formats are easily available on central government official websites. Criminals make minor changes or fill in the information to make the document authentic. However, AI-enabled services are capable of identifying such format changes. These make sure that the documents uploaded are genuine.  

Checks Authenticity of MRZ Code

Machine-readable zone (MRZ) code makes it easier for the system to authenticate documents. Through this code, companies can ensure that there is no tampering or forgery within the documents. AI technology records information in the form of MRZ and later in the system decodes it to match with the data on provided documents. 

Detection of Forgery or Tampering

Machine learning is the technology that self-learns with time. After analyzing a variety of data it becomes capable of accurately detecting tampering or any other kind of changes. The documents can either be photoshopped or manually tampered with. These documents are tricky to identify by the manual verifier. However, digital document verification solutions identify even minor alterations in a single pixel. 

Detection of Crumpled Edges

Generally, documents that are issued worldwide are in paper form. This is why criminals can manipulate these more easily. Due to these types of advanced risks, businesses should adopt authentic document checks to identify folded edges.

Checking Micro Prints 

Micro prints are an effort by central authorities to add an additional layer of security. Companies can prevent fraudulent activities by identifying and authenticating the micro prints. They further ensure that the documents are legit. 

Authenticating Holograms 

Similar to micro prints, govt-issued documents have holograms and rainbow prints. Criminals often tamper with these to make the forged papers look genuine. To minimize such risks, AI-enabled solutions detect these changes upon registration. 

Verifies Ink and Paper

To counter document fraud and make sure there is no illegal activity, central issuing authorities use a special type of ink and paper. It is easy for criminals to use identical ink types and fake signatures. To combat this consequence, online services authenticate verification documents.

Why is the Online Document Verification Process a Must-have for Industries?

Online document verification solutions are the new game-changers primarily because they are encrypted advanced services. They accurately identify tampering and forgery. Moreover, digital solutions are more reliable than traditional manual methods. This way companies can authenticate foreign documents and onboard legit customers.

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