Last Updated on April 15, 2022 by AlexJames
Document verification service is widely used in today’s world as the digital era is full of online scamming and fraud that leads to major issues of identity thefts and money laundering. Many of us had been stopped by most online platforms to verify our identity before any further proceedings. Not only in the banking sector but in the other sectors as well that require any sort of interaction between different entities such as customers or any business.
The Online system is incomplete without proper security as attackers can exploit every system to harm the users online.
Many pieces of research show different types of new methods and ways developed by the scammers, with the new techniques being invented almost every day. According to the stats, almost $100 billion is lost due to cyber attacks worldwide, with more than 30 thousand new scams reported every year in the United States.
To tackle this issue of cyberattacks the authorities have developed new ways to verify users’ identities to secure the system. Document verification is one of those terminologies and with the digital age, document verification is converted to online document verification which is also called e-verification of documents.
The E-Verification of Documents
The complete e-verification cycle is processed with the help of complete digital platforms that are specifically developed for the purpose of document verification online. The digital document verification service initially begins with the document delivery phase, followed by the document validation stage to the document verification part.
The documents are uploaded online by the user to the online document verification platform provided by the organization. The user utilizes their cameras, mainly smartphone cameras to capture and upload digital copies of their documents to the system.
Document Validation Check
Many cheaters and fraudsters use different computerized tools to manipulate the documents by applying fake entries to the digital copies of the document. They modify those documents as per their wish to get access to business resources. The Online system performs a validation check to examine the uploaded documents for any type of forged data.
It uses several AI algorithms to extract the fake modified data from the digital copies of the documents. This phase is a major aspect as it checks for different perspectives of modification and manipulation of the documents.
The documents are then further evaluated by the system for verification. It verifies all the necessary data obtained from the documents online by collocating it with the information provided by the client in the first place of online platform registration. It matches various fields such as name, date of birth, and other identification elements to complete the document verification cycle.
Which Documents are Verified Online
The online system asks for all legal documents that are provided by legal bodies like government offices and other authorities for identification. The legal paperwork includes:
User’s identity Card
The identity card of every country contains all the required information of the user for the identification of documents. Most cards have embedded microchips that also contain the biometric information of the user. An identity card is always requested by all major industries for document verification.
A license is offer to the person on complete verification by legal authorities. It is a require document for identity verification that is require by organizations and businesses.
Passport verification is process by a document verification system to identify the user. Many document reading techniques are follow using AI such as MRP (Machine Read Passport) and MRTD (Machine Readable Travel Document) which analyzes MRZ (Machine Readable Zone) for passport verification.
The banking sector follows this type of document verification before any financial transaction process. It requires legal and financial documents to verify the identity of the user before transferring any sort of asset.
Most of us have been ask to provide the other sort of document proof by several critical online systems. Such as the video-base descriptions of all the paperwork. Those systems use the hologram technique to scan the whole document in 3D to give an extra layer of security to the document verification system.
The process of Online verification of documents is carry out with the least resources and it uses the latest terminologies. Such as Artificial Intelligence to optical character recognition for an efficient way of reading and verifying documents online. The online system for document verification always verifies the legal papers of the user. It validates the entries and authorizes the user to access the system after completing the process of identity verification.