What is Identify Verification Software?

Introduction

Identity verification software assists businesses to make sure an online user or person is genuine. Companies get affirmation about user identities so they can generate trust online and offline, avert identity fraud and be in compliance with anti-fraud and privacy regulations. Multiple departments in an enterprise can use this system to verify identities.

Human resources staff can utilize it to authenticate a new recruit’s identity and legal teams can leverage it before replying to user requests for confidential personal information. You can accomplish identity verification through methods such as biometric information like live selfies, photo-based verification of identity documents and checking on established identity libraries like public records.

A quality identity verification solution can do the following:

Provide multiple credential and identity verification methods

Conduct evaluation of data offered by users to identify risk

Verify documents like ID cards

Features of Identify Verification Software

Data Capture through Verification Flows

More info in fewer steps

The software typically offers simple yet effective verification flows. Device and browser analytics, background video verification and other information cross-checking processes go on in the background to improve accuracy without affecting your conversion rates.  

Advantages:

Assisted photo capture

Discretionary background video

Add or eliminate steps for users

Customize mobile and web flows

Verify more than 7,700 government-provided IDs

Select from 35 languages

Configure the Verification Engine

Get the checks you require

You should not invest in a one-size-fits-all identify verification solution. Select a tool that offers optional features which allow you to increase or decrease fraud protection as per your needs for conversions, speed and compliances.

Advantages:

Sanctions and PEP checks

Liveness checks

Biometric analysis

Automated data extraction

Device and network analytics

Manual and automated ID checks

One-Stop Verification System

Track results in real time

A good software allows you to see session statuses in real time, handle several integrations, and automate information flow using webhooks, all in a single place.

Advantages:

Webhook integration

Team roles

Option of test integration

Live info at your fingertips

Benefits of Identify Verification Software

Improved Flexibility

Physical identity proof documents present only a limited view of identity which cannot be increased to cover added user attributes. For instance, your driver’s license provides only specific information pieces. But if you wish to take a loan, you need to provide more information than what is contained in that license.

Identity verification software offers a scalable and flexible solution that gives users access to rich identity information. Businesses can streamline their identity verification procedures and get a broader view of each user.  

Better User Experience

Physical identity proof documents require you to manually enter or show info during transactions. This makes the user experience more difficult and increases the chances of human error. For instance, to procure a loan you need to produce plenty of paper copies of documents like bills, paychecks, etc.

Digital data transfer using identity verification software can streamline the transaction procedure for both providers and users on all channels. This can simplify transactions for both parties and eliminate human error. Organizations can conduct their verification in the background without needing to get personal information from each user. Thus the platform can make the identity verification process simple yet more secure.

Enhanced Control and Privacy

Physical identify proof documents like passports and drivers’ licenses display all the information about a user at once. With these documents it’s not possible for users to share just one or two information pieces required for a specific situation or transaction. You cannot tailor these physical documents to permit the release of limited info for a particular identity transaction. Further, identity documents show a fixed information set that can be viewed by all entities.

Identify verification software is superior as it allows you to control personal information sharing. You can provide only the minimum information amount needed for a particular transaction, and protect your data from prying eyes. In this way, the solution allows you to control the private information you wish to distribute and tailor it for specific types of transactions.

Increased Security

Physical identity proof documents can easily get stolen, lost or duplicated by unscrupulous parties. They can also be viewed by people with malicious intentions. An identity verification platform allows users to store, transfer and share digital identity info using advanced digital security features that can prevent data theft, loss, modification and breach.

Identify verification software make it almost impossible for hackers to get access to your personal data and decreases their chances of obtaining multiple information pieces at once.